Idea
A marketplace to buy solar tax credits without owning the building
Shaan pitches a two-sided marketplace where investors deploy capital into solar installs on schools, farms and factories (like Chevron does), getting the solar tax credit plus recurring lease income, while the property gets free solar and a lower utility bill.
“So I was thinking, why isn't there a marketplace where I can— I don't have to buy a building and like do this whole solar plan, but I just say, dollars, please invest that into the solar projects for me and give me my tax credits back and give me my kind of monthly recurring income from this.”
Steal thisMatch capital that wants solar tax credits with buildings that want cheaper power; you keep the credits plus lease income.
Idea
A marketplace pairing buildings that want solar with companies that want tax write-offs
Shaan describes how firms like Chevron buy solar for schools, take the installation cost as a tax write-off, and lease it back; the school gets lower utilities with no upfront cost. He pitches a one-button marketplace matching solar-wanting entities (schools, churches) with companies hunting tax write-offs.
“So I think there's a business to be built basically pairing up the two sides of the marketplace, a physical building like a school or whatever that needs— that wants solar and doesn't want to pay any money, it doesn't want to do any work, and a company that's looking for tax write-offs that is willing to go give that school solar in exchange for the tax write-off.”
Steal thisBuild a two-sided marketplace matching tax-write-off-hungry corporates with cash-strapped buildings that want subsidized solar.