Working with AIRE and its social financing model, Elon Community Church (ECC) in Elon, NC, installed a 5 kW solar system on its Community Life Center. AIRE helped ECC’s Green Church Committee identify community members who became the investors in the project through an LLC. With tax benefits and revenues from the system, investors will be paid back over a six-year period and then donate or sell the panels at a deep discount to the church. Meanwhile, the church will save over $1,100 in electric costs per year, which can be reinvested in services benefiting the community.
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