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Renewable Energy, Investment Tax Credit and Nonprofits

August 16, 2012 by

How does renewable energy, investment tax credit (ITC), tax equity and power purchase agreements relate to nonprofits?  The Community Environmental Council (CEC) of Santa Barbara, California, has developed a new program where nonprofits can benefit from all of the above.

Megan Birney joins us to explain how they are providing solar energy through a community investment program that provides passive investors with tax equity thereby allowing depreciation and other tax credits to be enjoyed plus return from debt equity.  By creating an LLC to own the solar panels being  installed on buildings owned by nonprofits and negotiating power purchase agreements, everyone wins – investors, nonprofits, CEC and the community.

If you are interested in the investment opportunity or in learning more about how CEC is implementing this program and others to generate a fossil free community by 2033, click here.

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About Robin Eschler

Robin L. Eschler, the founder of Social Impact Marketing, started her career in developing foundational marketing strategies for companies of all sizes, from Fortune 500 to individual entrepreneurs and local businesses. She has developed and implemented international campaigns to launch high tech products and services and guided new business owners to successfully navigate the difficulties of growing a business.

Her life-long passion for helping others led her into nonprofit work for over a decade. Early on, she recognized the need for nonprofits to adapt to a rapidly changing world in which technology dominates and for-profit business practices are central to success. Her determination to help social causes in a sustainable way led to her creation of the Women's Radio show Socially Conscious Investing.

Impact investing in for-profits with a mission of social change such as the fight against extreme poverty is a blossoming business sector around the world. With the economic decline, it's clear that Wall Street requires change. Social impact investing addresses that need in a way that provides financial and social ROI.

As the Host of Socially Conscious Investing on WomensRadio, Robin's goal is to educate people about the growth of social impact investing and social venture. Interviews are conducted with socially conscious business experts including foundations and nonprofits, social venture investment firms, micro-loan organizations, investors, educators, authors and social entrepreneurs.

This show's mission is to help change the world through sustainable business practices that contribute to the economy, combat poverty, end hunger and provide better lives to all.

Twice, Robin has been recognized and received the highest honorary award that Rotary International gives, the Paul Harris Award, for service above self. Her community work has included developing local programs for disadvantaged populations such as foster children, troubled teens, and people with disabilities.

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