Merced Golf & Country Club
The Merced Golf & Country Club is a private, member-owned golf club that was established in 1926 located in the central valley of California.
Merced Golf and Country Club identified solar as a way to decrease their monthly electricity bills by powering a significant portion of their clubhouse operations and charging their golf carts. The club was not in a position to make a $720K capital expenditure and, as a non-profit, could not monetize any of the tax benefits. Since smaller commercial and industrial projects often have trouble qualifying for traditional financing or an attractive PPA, the club was able to utilize the CollectivePACE program to quickly qualify for 100% financing with a 15% discount on a 305kW rooftop and solar carport system. With the discount and a 20 year term, their payment was spread out enough to make them cash flow positive from year one.
CollectivePACE™ is a collaboration between CollectiveSun™, the nation’s only company dedicated exclusively to helping nonprofits and tax-exempt organizations fund solar projects, and Nuveen Green Capital, the nation’s leading C-PACE capital provider. CollectivePACE™ combines the financing models of solar leasing and state-legislated C-PACE programs to unlock the potential of solar power by capturing tax credits and providing financing terms that allow for positive cash flow from day one.