We started AIRE with the belief that private investors using tax incentives should help public and tax exempt organizations finance solar. After almost a decade of research, experimentation, project development, and critical reflection, we’ve concluded that the conditions required to utilize tax incentives to optimize public benefit are extremely limiting. Fortunately, the price of solar has dropped 62% over the past five years and almost 25% in the past year alone (according to GTM Research), making solar cheaper than electricity from the grid. This opens additional modes of solar finance in tax exempt settings. It also offers new possibilities for local economic development through value chain formations and similar strategies.
AIRE works with organizations on single or phased renewable energy projects. We also work with intermediary organizations who wish to integrate community-based renewable energy in their economic development and community wealth-building work in urban and rural settings. AIRE can also provide impact investor funds, foundations, charitable donors and other financial entities with a variety of related research and analysis. We are also interested in scholarly research collaborations in our field. Our work includes:
- Critical Research, Analysis & Decision Support
- Pre-Development Project Consulting
- Project Development
- Project Finance
- third-party tax equity
- public finance options
AIRE works with nonprofits in a variety of ways with regard to fees. The first thing we want to do is clearly understand your organization’s needs and how we can help. We then want to work together to determine how we can maximize our value to you.