Glass City Community Solar aims to establish a sustainable economic model consisting of power purchase agreements (PPAs) that divert a fraction of the financial benefits of our arrays into a continuous fund for future installations and activities. We also partner with investors to take advantage of available renewable energy credits, as well as accept individual donations.
Cost Sharing & Renewable Energy Tax Credit Harvesting
GCCS finances arrays by utilizing grants, fundraising, and previous array revenue and partnering with third-party investors or development firms. The third party shares the cost in exchange for the renewable energy tax credits (RETCs) that non-profits are unable to utilize.
PPA & Array Ownership Transition
GCCS coordinates with solar installers and oversees the process from start to finish. We also are responsible for the arrays operation throughout its lifetime. After a mandatory 5-year period of ownership for the third-party investor to obtain RETCs, ownership and power purchase agreement (PPA) are transferred to GCCS.
Building A Revolving Fund
Project Revenue Fuels New Arrays & GCCS Outreach Activities
PPA revenue supports GCCS operations and future projects. Momentum from projects in our portfolio will build on itself and increase the rate of development and community support we can provide.