Empowering Angela and John’s Dream: Join the Farmer’s Hardware Solar Revolution
Meet Angela and John, the heart and soul behind Farmer’s Hardware, a resilient family-owned business in Somerville, TN that has been serving the community since 1954. For decades, they have been the go-to destination for locals seeking quality hardware and home furnishings. However, Angela and John have a dream that goes beyond the walls of their establishment – they envision a future powered by clean and sustainable energy.
Their dream takes the shape of a solar-powered revolution that aims to not only cut costs for their business but also ensure resilience in the face of local power outages, a challenge many small businesses in rural areas often face.
Angela and John’s vision has received a significant boost through a grant from the US Department of Agriculture’s Rural Energy for America Program (REAP). This grant, intending to cover 50% of the project’s cost, is a stepping stone towards the construction of a state-of-the-art 53.6 kW solar installation complemented by 122.88 kWh of battery storage.
Incentives: Tax Credits & Government Grant
Angela and John’s project is stated to qualify for a 50% Investment Tax Credit (ITC) (available after construction begins) and 50% USDA REAP grant (available after 1 month of production data).
They are working with Ovanova, the developer of this project, to raise funds with the purpose to: complete the solar and storage project and unlock the incentives that allow repayment for project backers.
Invest in Angela and John’s Dream
Now you have the opportunity to be a part of Angela and John’s journey towards a greener and more resilient future. The crowdfunding campaign for the Farmer’s Hardware solar project is your chance to contribute to a project that extends beyond potential financial returns. Your investment will not only support the construction of a solar installation but will also play a role in fostering sustainability in rural America.
John Sanders, one of the owner’s of Farmer’s Hardware
Key Project Details
- A 53.6 kW solar installation designed to power Farmer’s Hardware sustainably.
- 122.88 kWh of battery storage to ensure uninterrupted operations during local power outages.
- The project aligns with USDA’s REAP program, showcasing its commitment to supporting rural businesses in adopting renewable energy solutions.
Offering Terms
- 10% Annual Interest
- 2 Year Term
- Available until February 27, 2024 – please note project might close earlier
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).
- Milestone 2: Receiving US Department of Agriculture’s (USDA) Rural Energy for America Program (REAP) grant.
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 Angela and John in their quest for a sustainable and resilient future. Your investment in the Farmer’s Hardware solar project isn’t just a financial commitment; it’s a contribution to a cleaner, greener, and more sustainable community. Together, we can support rural businesses, embrace solar energy, and contribute to a more sustainable tomorrow.
If you’d like to get started, check the Climatize App.
Angela & John signing the “Request for Obligation of Funds” with the USDA.
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.
Copyright@ Climatize Earth Inc 2023.