Debra, a 3rd Generation Farmer and Owner of Lockart’s Produce
Meet Debra, the owner of Lockard’s Produce, a third-generation family farm. Debra proudly carries on the farming legacy that her parents and grandparents nurtured during the challenging times of the Depression era. Inspired by their resilience and determination, Debra is committed to cultivating healthy produce. Now, she’s taken her mission one step further by going solar.
Thanks to a grant from the US Department of Agriculture, Debra’s dream of integrating solar energy into Lockard’s Produce is becoming a reality. With your support, we can help fund a 8.04 kW solar system coupled with 30.72 kWh battery storage.
Incentives: Tax Credits & Government Grants
Lockard’s Produce has secured a 40% Investment Tax Credit (ITC) (available after the project is installed) and the 50% USDA Renewable Energy for America Program (REAP) grant (available after one month of production data). They 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.
Key Project Details
-
A 8.04 kW solar installation designed to power Lockard Produce sustainably.
-
A 30.72 kWh 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 448,136 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: $60,000; $10 minimum investment
-
10% Annual Interest
-
2 Year Term
-
Available until May 21, 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 04/30/2024 and 04/30/2026. 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 Debra, owner of Lockard’s Produce, on her journey to supporting a sustainable and resilient future. Your investment in Solar for Debra’s Family Farm 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 and Debra’s Family Farm, 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.De
Copyright@ Climatize Earth Inc 2023.