Social Solar Solcor

This campaign aims to finance a photovoltaic plant for self-consumption at Santa Casa da Misericórdia de Alpedrinha.

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

Santa Casa da Misericórdia de Alpedrinha (SCMA) is an IPSS (social solidarity private institution) founded in 1501 in Alpedrinha, Fundão in the Portuguese district of Castelo Branco. 

SCMA offers several social services to its community, focusing on children, the elderly, and people with disabilities. SCMA owns and manages an elderly home, a children's daycare center, and a social canteen.

Solcor's project involves installing 83 photovoltaic panels, amounting to a total power of 40.67 kWp.

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 longer 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.