Zion ELCA is located one the east side of Madison in the Atwood-Starkweather creek neighborhood, near Schenks corners. The solar and energy efficiency project was completed in January of 2015 by Solar Connections and Sustainable Solar’s Lincoln Tice. The Legacy Solar Co-op helped provide technical support and set up project financing for the church.
Zion Lutheran’s solar and lighting project saves the parish approximately 20% in energy costs in 2015 alone. Some months their electrical bill was cut more than half thanks to the energy saving and energy generation equipment put into play for this church. Zion strives to set examples for other churches who would like to save on both pollution and energy costs, all while being good stewards for God’s bounty.
Slice-of-Sun Solar Bonds
Legacy Solar Co-op is now selling Slice-of-Sun Solar Bonds to any member who would like to support a Solar Legacy project and earn between 3% and 5% interest on their bonds purchased through the co-op.
These bonds help secure the solar project and can either be cashed in after 7 years, rolled-over into a Legacy term (25-years), or can be donated at any time as a tax-deductible donation to a participating non-profit host site for a solar project. For example, a local church is currently enjoying a portion of the energy savings (over $3,000 a year), but the more bonds the Church owns, the more energy savings they get to keep for their own parish’s budget. Everybody saves and earns and benefits from the good that is being done thanks to the solar project.
You can buy Slice-of-Sun Solar Bonds that earn interest for as little as $250. Or you can sponsor as many full solar panels as you’d like for $500 each. Sponsorship can be direct donations to a participating non-profit or through the purchase of bonds that are then gifted to the non-profit of your choosing.
The two rules for purchasing a solar bond
You must be:
- A member of the Legacy Solar Cooperative, and
- A Wisconsin resident.
These are required to comply with State and Federal Statutes governing this type of business transaction. Becoming an equity member of the Legacy Solar Co-op means you are an owner of the Co-op, and qualify to buy bonds issued by the Co-op to serve the Co-op’s business interests. These interests lie in developing more and more solar projects to serve our members and share in the energy and environmental savings that come with solar and energy efficiency.
Ready to get started?
You will find more information and instructions. If you have any questions at all, please contact us.