Social Solar Solcor VIII

This campaign aims to finance a photovoltaic plant for self-consumption at the association Associação Sócio-Cultural, Recreativa e Educativa da Cumieira e Circunvizinhas (ASCRECC).

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. 

ASCRECC is an institution with over 20 years of activity. They offer services in the area of health and well-being for the elderly population, with disabilities or impairments. In addition to providing an Elderly Home, Home Support Service, and Day Center (CD) services, ASCRECC carries out a variety of activities throughout the year, such as monthly excursions for beneficiaries and various cultural activities.

Recently, ASCRECC took the sustainable initiative of installing solar panels on its building. The project, which will have 74 photovoltaic panels, will have a capacity of 36.3 kWp, allowing the association to be 35% self-sufficient in energy and reduce its energy costs by 51%.

This initiative benefits the institution and its beneficiaries since it allows a more conscious and sustainable use of energy resources and reduces dependence on non-renewable energy sources.

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.