Join Ovanova as they pioneer green energy through a select portfolio of solar and storage initiatives in the vibrant regions of Colorado, North Carolina, and Tennessee. The portfolio, comprised of 5 different projects includes the innovative Wooden Nickel Farm and Pulliam Trucking and Farm LLC, is poised to redefine sustainable agriculture and logistics for their local economies. If this portfolio reaches full funding, 6,372 Metric Tones of Carbon Dioxide can be avoided through its lifetime. See the complete portfolio and loan balance agreement in the project summary below.
Incentives: Tax Credits & Government Grants
- Countryside Solar Portfolio has secured a 40 – 60% Investment Tax Credit (ITC) (available after construction ends)
- Countryside Solar Portfolio is in review for a 50% USDA Renewable Energy for America Program (REAP) grant (available after one month of production data, pending acceptance).
The businesses in this portfolio are working with Ovanova, the project developer, to raise funds to complete the solar and storage project and unlock the incentives for repayment for project backers.
Offering Terms
Minimum Raise: $100,000
Maximum Raise: $885,000
$10 minimum investment
10% Annual Interest
2 Year Term
Available until May 27, 2024 – please note that the project might close earlier
Key Project Details
14.74kW DC solar installation with 92.16kWh of battery storage installation designed to power La Finca Naturals LLC.
- 30.82kW DC solar installation with 92.17kWh of battery storage installation designed to power Wood Nickel Farms.
- 34.84kW DC solar installation with 138.24kWh of battery storage installation designed to power Rocky Acres Farm.
A 96.48kW DC solar installation with 322.56 kWh of battery storage for a local agricultural trucking and transport business, Pulliam Trucking and Farm LLC, operating since 1987.
- A 116.25kW DC solar installation with 737.28kWh of battery storage for a local market, Elephant Cloud Inc.
Payout Information
Investors receive 10% annual interest accruing monthly for 2 years. The investor will receive payment of principal and interest in 2 installments upon completion of:
- Milestone 1: Monetization of the Investment Tax Credit (ITC) which becomes available after the project is installed .
- Milestone 2: Receiving the US Department of Agriculture’s (USDA) Rural Energy for America Program (REAP) grant after showing one month of electricity production data.
Completion of the milestones may happen anytime between 05/27/2024 and 05/27/2026. The expectation is that both milestones will happen during the 1st year & within 1-2 months of each other.
If you’re interested, download the Climatize App today.
*Every investment involves risk, please read risk disclosures
- Payout Example Below you will find 3 examples of Loan Amortization making the following assumptions:
Hypothetical initial investment amount of $10,000. - The time between achieving Milestone 1 and Milestone 2 is estimated to be within 1
to 3 months. For simplicity, 2 months have been considered. - Assumption that 50% of principal and interest will be repaid upon achieving milestone 1 and 50% upon achieving milestone 2.
Ovanova’s Commitment to Excellence
Ovanova, a trusted General Contractor specializing in solar and storage, is the developer behind the project. Their reach spans 22 states and over 60 utilities. Led by founder John Carey, Ovanova’s expertise and commitment to excellence make them the ideal partner to bring this solar vision to life.
Conclusion
Join Ovanova, on their journey to supporting a sustainable and resilient future across the US. Your investment in the Countryside Solar Project Portfolio isn’t just a financial commitment; it’s a contribution to a cleaner, greener, and more sustainable community through the solar-harvested energy of the project. With Ovanova, you can support countryside businesses’ transition to solar energy and contribute to a more sustainable tomorrow.
Financial Disclosure
Content is based entirely upon Ovanovas’ representations. Prior results do not guarantee future success. It’s important to note that investing in renewable energy projects through crowdfunding carries financial risks and may not be suitable for everyone. As with any investment, there is a possibility that you may lose some or all of the money you invest. It’s important to note that this article should not be considered investment advice. The information provided is for informational purposes only and is not intended to be a recommendation or endorsement of any particular investment strategy. The information provided in this article is for informational purposes only and should not be considered financial or investment advice. It’s crucial to do your own research and consult with a financial advisor or professional before making any investment decisions, especially when it comes to investing in renewable energy projects through crowdfunding, which carries financial risks and may not be suitable for everyone.
Copyright@ Climatize Earth Inc 2023.