Learn more about the Neighbor Benefit Fund
Where does the funding for the Neighbor Benefit Fund come from?
Neighborhood Sun has made a commitment to contribute 1% of our revenue to the Neighbor Benefit Fund, effective April 2020, and continuing on a quarterly basis. As our company acquires additional community solar subscribers, we will see the fund grow. Going forward, we intend to expand the fund and we are exploring the possibilities of formalizing it as a 501 (c)(3) charitable organization so our partners and subscribers will have the opportunity to contribute as well.
How can I apply for assistance?
In June, 2020, we will open the Fund for applicants. There will be a simple form on our web-site under the SHARE program page. We will divide up the grants for assistance according to the number of applications we receive each quarter, pro-rated by the number of people in the household. As we grow and acquire more community solar subscribers, we will be able to provide more applicants with greater financial packages.
Are there qualifications to apply?
While anyone can apply, we will prioritize assisting our SHARE program subscribers. We understand that there are numerous challenges throughout life and we want to help support our neighbors during these times. If you apply, we will honor your word and work to support you–no questions asked.
How will applicants be chosen to receive assistance?
Each quarter, we will award grants to every valid application, though the amounts of the grants will vary based on the number of people in the household and whether the applicant is a SHARE program subscriber.
How long will the Neighbor Benefit Fund last?
Providing our community with a supporting fund has been a goal of Neighborhood Solar on our list since the day we were founded, and we’re proud that we are now in a position to contribute a portion of our revenue to the Neighbor Benefit Fund. We intend to grow and expand this fund as much as possible so that we can continue supporting our neighbors through any difficult times that may lie ahead.
When can I expect to receive financial assistance?
If your application is approved during the review period at the end of the quarter, we will notify you via email and adjust your next community solar bill accordingly.
How much will the Neighbor Benefit Fund cover?
This is all dependent on the number of applicants for that month, and how much revenue we earn–which is directly related to how many new community solar customers we acquire. In some cases, we may be able to cover your entire community solar bill, and other times we might cover a portion of the bill. Our commitment is to cover as much as we can, for as many customers as we can.
Can I contribute to the Neighbor Benefit Fund?
While we are not at this stage yet, we do plan to grow the fund and maintain it as a 501 (c)(3) charitable organization. Once we achieve this, you will be able to donate to the fund and write it off as a tax deduction.
If you’re interested in contributing to the fund in the future, we have created a temporary GoFundMe page to collect donations until the fund is an established 501 (c)(3) organization. Additionally, you can contact Matty Guerin at email@example.com for more information. Thank you for your interest in supporting your neighbors.
My question is not answered here. Who should I contact?
Please contact Matty Guerin at firstname.lastname@example.org and we will work to get you the information you need about the Neighbor Benefit Fund.