ODC Launches Solar Power Project Through CollectiveSun®’s Crowd-Lending Platform

A dance theater in San Francisco goes solar utilizing a novel crowd-lending platform that allowed community participation in an investment that pays back with interest!
 
SAN DIEGO - April 22, 2015 - PRLog -- SAN FRANCISCO, CA, April 22, 2015 – ODC, the San Francisco-based contemporary arts institution will be generating more than applause in the coming years. They will be generating their own electricity. Through a new crowd-lending campaign with CollectiveSun®, ODC has raised nearly $200,000 from their community for a solar power system.  The community investors will be repaid at a 4.8% interest rate over 10 years.

Berkeley-based Sun Light & Power has installed 140 Canadian Solar, Inc. panels with 3 SMA Inverters on ODC’s two buildings in the Mission district: ODC Theater and the ODC Dance Commons. Materials were supplied by San Francisco-based Civic Solar and Locus Energy will provide monitoring.

The solar system at ODC is the first project in San Francisco funded through CollectiveSun’s “crowd-lending” model.  ODC is expected to save in excess of $300,000 over the next 25 years.

Lee Barken, founder of CollectiveSun® said, “We fund these solar power projects by connecting impact investors, those who choose to invest in cause-related opportunities, with the nonprofit projects. More importantly, we’re able to create both financial and non-financial supporters for great organizations like ODC.”

Canadian Solar, Inc., saw the ODC project as an outlet for their community involvement.

“Canadian Solar wants to make a difference in our communities. We admire the impact that ODC is having in San Francisco and are pleased to have our photovoltaic modules powering their efforts,” said Thomas Koerner, US General Manager of Canadian Solar.

“With two buildings to power, ODC is going to use solar power to help reduce the escalating expenses related to powering our office, school, and theaters,” said ODC Executive Director Victor Gotesman.

About ODC

One of the most active centers for dance on the West Coast, ODC was founded by Brenda Way in 1971. The organization’s two building campus features eight studios, two performance venues and several office suites, and is home to a world-class dance company, a professional, pre-professional, and recreational dance training program, a Healthy Dancer’s Clinic, and a nationally regarded presenting venue. www.odcdance.org

About CollectiveSun®

CollectiveSun® is a crowd-lending platform that uses the power of the community to help nonprofits raise the funds to achieve financial and environmental sustainability with solar power. Power BY the people is their slogan and their business model. The CollectiveSun® platform brings nonprofits, investors, and solar installers together in a marketplace for solar, building lasting relationships, and creating value for all. www.collectivesun.com

About Canadian Solar Inc.

Founded in 2001 in Ontario, Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries

during the past decade. Canadian Solar is committed to providing high-quality solar products and solar energy solutions to customers around the world. www.canadiansolar.com.

About Sun Light & Power

SLP serves a broad range of commercial and nonprofit clients, encompassing new construction and retrofit projects for office and industrial sites, over 250 multifamily housing developments, and more.

They are a local, Certified B Corporation (https://www.bcorporation.net/what-are-b-corps) and a CA Benefit Corporation (http://benefitcorp.net/) as well as an Alameda County Green Business (http://www.greenbiz.ca.gov/AboutUsAC.html), licensed (#326203) and NABCEP certified. Solar Since 1976.

Contacts:

David Oates

President

Stalwart Communications

(for CollectiveSun)

(858) 429-7095

david@stalwartcom.com

Mona Baroudi

Publicist

ODC

(415) 615-2735

Mona@ODCDance.org

Audrey Lin

Marketing Communication Specialist

Canadian Solar, Inc.

1-888-998-7739, x4842

Audrey.Lin@canadiansolar.com

Jesse Quay

Senior Design Consultant

Sun Light & Power

jesse@sunlightandpower.com

800.233.4SUN

Doug Faust

Senior Account Manager

CivicSolar, Inc

dfaust@civicsolar.com

415.660.9085

Contact
Lee Barken
***@collectivesun.com
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Location:San Diego - California - United States
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