Solar project timelines can change and slip into the next year… Is your financing partner flexible?

Sunwealth prides itself on flexibility, and our response to COVID delays proves it. Sunwealth partnered with EcoSave to finance a 132 kW rooftop solar project at the Jewish Federation of Southern New Jersey (JFED). The project was slated to be complete in 2021 but delays due to COVID pushed the project timeline significantly. Sunwealth’s flexible capital accommodated schedule changes and enabled EcoSave to focus on procuring and building the project when it made sense for EcoSave and the Jewish Federation.  Ecosave turned the project on in March of 2022.

123 kW DC rooftop solar system at The Jewish Federation of Southern New Jersey & Katz Jewish Community Center

The project will have a 15-year Energy Services Agreement  where JFED hosts the solar system and purchases the power produced by the project. JFED will benefit from over $8,000 of electricity savings in year one and $143,948 over the project life (~37% savings on costs of electricity). This is equivalent to reducing 112 metric tons of carbon emissions in the first year of operation, and 3,015 metric tons over the project’s lifetime. These customer benefits were maintained even though the project was placed in service in 2022 instead of 2021.

Sunwealth is committed to making projects work, even when circumstances change and unforeseen delays occur. Are you looking for a flexible and responsive financier for your solar projects?