Social Solar Solcor V

This campaign aims to finance a photovoltaic plant for self-consumption at the elderly center Centro Social de Alferrarede (for daytime care and activities).

The installation and operation of the solar panels will be installed and operated by the campaign promotor: Solcor Portugal, a company specializing in the development and operation of solar photovoltaic installations. 

Alferrarede social center's mission is to provide social activities that benefit children and the elderly. Recently, the institution committed further to this purpose by installing solar panels with a power of 21.6 kWp for its elderly center. The project will reduce the institution's costs by 62% thanks to the 53% self-sufficiency offered by the photovoltaic plant. This way, the center will be able to invest even more in activities that benefit its community, such as the Day Center and the Home Support Service.

Meeting the needs and expectations of the beneficiaries is the organization's main priority. The team is committed to constantly improving the services provided in four areas of social action. The commitment to offer high-quality services is mirrored in the institution's certification in accordance with the Portuguese NP EN ISO 9001 standard.

This campaign offers a longer-than-average loan term for Goparity standards. This means you will receive your capital back and gain interest over a more extended period of time. The rental agreement associated with the self-consumption photovoltaic installation foresees a low monthly payment by the beneficiary, who enjoys savings without initial financial investment to purchase the solar panels. Therefore, since the supply company’s payback period is longer, the payment plan is also extended (8-15 years). In this project, the beneficiary is a social solidarity private institution, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the social institution to maintain its focus on the community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. The savings generated by the solar plant for the beneficiary can be invested in social impact projects, where they make a difference. A solar panel can be used for about 30 years, making it a safe, profitable investment with relevant environmental impact. Impact investing in this type of project is a commitment to cleaner, safer, decentralized, and democratic energy systems.