Jesse MC Daniel, owner of MB Reps
Join Jesse, owner of MB Reps, in the company’s transformative journey towards greener operations. Backed by a 50% US Department of Agriculture Grant (USDA) MB Reps is evolving from an auto-mechanic shop into a business powered by the sun. Based in Nashville, GA, MB Reps is a long-standing business keen on joining the renewable energy revolution.
Your support can turn their vision into reality: funding a 22.78 kW solar system and 61.44 kWh battery storage. This project is more than renewable energy; it’s a major step in reducing carbon emissions, equivalent to potentially offsetting 495.19 Metric Tons of CO2 equivalent. Invest today to support MB Reps in moving towards a cleaner, greener future.
Incentives: Tax Credits & Government Grants
Shifting Gears to Solar has secured a 40% Investment Tax Credit (ITC) (available after construction begins) and the 50% USDA Renewable Energy for America Program (REAP) grant (available after 1 month of production data). Both percentages are based on the project’s total cost, $170,571.00, and are equal to $68,228.40 and $82,285.50 respectively.
They are working with Ovanova, the developer of this project, to raise funds to complete the solar and storage project and unlock the incentives that allow repayment for project backers.
Key Project Details
A 22.78 W solar installation designed to power MB Reps sustainably.
A 61.44kW of battery storage to ensure uninterrupted operations during local power outages.
Over its lifetime, the project is forecasted to have the same environmental impact as avoiding 1,269,719 miles of car travel.
Having secured the USDA’REAP grant showcases the project’s commitment to supporting rural businesses in adopting renewable energy solutions.
Offering Terms
Raise: $143,280; $10 minimum investment
10% Annual Interest
2 Year Term
Available until March 25, 2024 – please note that the project might close earlier
10% annual interest based on the number of months elapsed. The investor will receive payment of principal and interest in 2 installments upon completion of:
- Milestone 1: Monetization of the ITC.
- Milestone 2: Receiving REAP grant.
Completion of the milestones may happen anytime between 3/25/2024 and 3/25/2026. 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.
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 Jessee, owner of MB Reps on his quest for a sustainable and resilient future. Your investment in the Shifting Gears to Solar project isn’t just a financial commitment; it’s a contribution to a cleaner, greener, and more sustainable community. With Ovanova and MB Reps, you can support rural businesses transition to solar energy, and contribute to a more sustainable tomorrow.
Financial Disclosure
Content is based entirely upon Ovanovas’s 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.
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