First Church Solar in Asheville, NC, was the first project to utilize AIRE’s innovative social finance model, which creates an LLC so investors can take advantage of state and federal tax incentives and rebates for solar projects. Nine church members formed the LLC and raised the necessary capital to install a 10 kW system (42 panels). The investors will donate the panels to the Church after their costs are recovered in about six years. First Church Solar, LLC raised more money than the project cost and plans to finance another project in the community.
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