Quick Facts
Energy Needs Met
100%
or more of electricity
Net Investment
$60,968
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As a nonprofit Finanta was unable to take advantage of the 30% federal tax credit on their PV system. To finance this system Finanta and Solar States created a Power Purchase Agreement, where Finanta could benefit from the federal tax credit.
Quick Facts
Energy Needs Met
100%
or more of electricity
Net Investment
$60,968
Property
- Owner:
- Solar States
- Type:
- Office Building
- Address:
- 1301 N. Second St, Philadelphia, PA
- Size:
- 6,000 sq ft
- Energy need met:
- 100% or more of electricity
Technology
- Type:
- Solar PV
- Installed:
- June 2012
- Size of System:
- 244 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $87,097
- Value of Tax Credits:
- $26,129
- Net Cost of System:
- $60,968
- Own or Lease:
- $0-down PPA
Professionals & Suppliers
- Installers:
- Solar States
What You Need to Know
Links:
Finanta Website
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