SolSolution is a nonprofit social enterprise whose mission is to simultaneously generate clean, renewable electricity and increase the quality of education in underprivileged schools. We adapt the proven, for-profit solar Power Purchase Agreement (PPA) model and transform it to make SolSolution a high impact, self-sustaining nonprofit. SolSolution reinvests its net income into the educational budgets of low-income schools through its Solar Powered Schools Granting Program and Educational Programs focused on solar, STEM, and green entrepreneurship education.
Our partner schools are able to easily and cost-effectively adopt solar power, which stabilizes and simplifies their operations budgeting for decades. With zero upfront or O&M costs, our partner schools reduce their electricity bills, hedge against rising electricity prices, and protect themselves from the volatile electricity market.
As a nonprofit, SolSolution has unique access to a wider spectrum of low-cost capital sources, which gives us a significant competitive advantage in the market place. SolSolution aims to be the “go-to” solar power provider for K-12 schools across the U.S. Our vision is to install 1 GW of solar generating capacity by 2020 and shift $100Ms to educational budgets in low-income schools.
SolSolution in Plain English
SolSolution's mission is to simultaneously generate clean, renewable electricity and increase the quality of education in underprivileged schools. We install solar panels at schools at no upfront cost to decrease electricity expenses and thereby increase educational budgets. Furthermore, SolSolution reinvests its profits from the sale of the solar-generated electricity into educational programming in STEM, solar, and green entrepreneurship for all of its partner schools and provides cash grants exclusively for low-income schools.