As an individual, you have a chance to fight climate change with your investments. The clean infrastructure of the future is being built right now, and by investing in New Haven Community Solar, you have a chance to own a piece.
The project company for the Button Street house has signed a power purchase agreement which ensures reliable cash flows for at least 20 years. Columbus House, as owner of the Button Street property, will purchase electricity from the project company, and those contracted cash flows will be passed to New Haven Community Solar, which will be periodically distributed to investors.
Renewable energy infrastructure is only going to grow in coming years. An estimated one trillion dollars of investment in renewable infrastructure is needed every year to achieve the goals set forth in the Paris Agreement on climate change.
Until recently, only people with access to a lot of money could own and earn money from solar projects. NHCS offers the opportunity to benefit from solar to everyday people, while also bringing benefits to people in the community.
In addition to the opportunity to own a part of this project, there are significant environmental and social benefits to investing in this project.
By financing the solar array on the Button Street house through an investment in New Haven Community Solar, you will be helping to significantly defray energy costs for the residents. This can make a big difference to low-income individuals, especially in the state of Connecticut where energy prices are among the highest in the country.
Preliminary estimates suggest that the New Haven Community Solar array on Button Street will cut carbon pollution and dangerous air pollution, and will provide environmental benefits that are the equivalent of planting an acre of trees. These benefits will be carefully measured and reported to the investors.