Nonprofits' Insurance Alliance of California Installs Solar Power

The Nonprofits' Insurance Alliance of California (NIAC) has declared its intentions to go solar and is installing a solar system over its Santa Cruz Office.

The Nonprofit invested for the projects from the left over funds of a legal settlement it received for the construction defects that needed replacement of all the windows and decorations.

The new 318 W solar system comprise 264 solar panels supplied by SunPower and is being installed at a cost of $457,000 from the own funds of the non-profit. The installation work is being carried out by Solar Technologies, a Santa Cruz-based company and the work is anticipated to get completed in a week’s time. The new system is projected to meet nearly two-thirds of the electric power requirement of the non-profit and will pay back the investment in a span of 10 years.

The solar installation when completed is entitled to receive up to 30% investment tax rebate for the solar energy and other grants.

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