Intuit Announces Innovative, Multiyear Fund to Support Solar Power and Provide Educational Opportunities
15 Março 2023 - 9:30AM
Business Wire
Program Will Offer Competitive Grants to
K-12 Public Schools and Community Colleges in Virginia and West
Virginia to Fund Campus Solar Arrays and Support Workforce
Development in Partnership Between Intuit, The NEED Project, and
Secure Solar Futures
Intuit Inc. (Nasdaq: INTU), the global financial technology
platform that makes TurboTax, Credit Karma, QuickBooks, and
Mailchimp, today announced the launch of the Coalfield Solar Fund.
The fund is a partnership between Intuit, The National Energy and
Education Development (NEED) Project, a nonprofit educational
organization, and Secure Solar Futures, a provider of on-site clean
energy and educational programs to schools and colleges. Together
with its partners, Intuit will create new career pathways and
educational opportunities in the solar industry, while also helping
to reduce carbon emissions.
The Coalfield Solar Fund is an innovative partnership that
provides multiyear grant funding to help bring solar power, job
training, and hands-on student learning opportunities in the solar
energy industry to communities in Virginia and West Virginia.
Intuit is building off the success of its earlier collaboration
with Secure Solar Futures on a solar project in Wise, Virginia—an
Intuit Prosperity Hub location—with the Coalfield Solar Fund. The
program provides incentive grant funding opportunities for public
K-12 and community colleges to apply for solar energy systems and
equipment at no upfront cost, while simultaneously arming local
workforces with valuable and vital skills for clean energy careers.
The Coalfield Solar Fund establishes in-classroom, educational
opportunities on STEM and clean energy, and delivers a hands-on
learning curriculum for high school students—bolstered by Intuit’s
financial literacy and design thinking tools—while also providing
economic savings for schools on their energy bills.
Intuit is a founding partner and key funding contributor, and
grants will be distributed by The NEED Project. Awards will range
from $50,000 to $150,000 per campus to qualifying and successful
K-12 public school and community college applicants to allow them
to deploy solar power solutions and prepare local students for
careers in renewable energy.
“As part of our Climate Positive Commitment, Intuit has teamed
up with Secure Solar Futures and The NEED Project to sustainably
power prosperity in the coalfields regions of Virginia and West
Virginia that have been powering the US for hundreds of years,”
said Debbie Lizt, Head of Sustainability at Intuit. “We’re excited
to help create new career pathways and educational opportunities in
underserved communities, while also helping reduce carbon emissions
in the transition to 21st century energy sources.”
To qualify for the grant program, applicants must agree both to
obtain on-site solar power systems through a power purchase
agreement (PPA) with Secure Solar Futures and to partner with the
company to start and operate a program to train solar installers
locally.
“One of the best ways to bring solar power to a community is to
start with public schools and community colleges,” said Ryan
McAllister, CEO of Secure Solar Futures. “Schools have large flat
rooftops suitable to host larger solar arrays and can greatly
benefit from the financial savings and educational opportunities
that solar power offers. Best of all, schools and colleges can now
go solar much more affordably than in the past thanks to newly
available PPA structures.”
For the first phase of funding, applicants must submit a brief
notice of interest form through the program’s website,
www.coalfieldsolarfund.org, by April 17, 2023. Secure Solar Futures
will then evaluate each application to assess solar feasibility. If
selected for the final round, additional application steps will be
required for submission by July 1, 2023. Awards will be announced
at the start of the new school year this fall. Applicants not
awarded grants in the first phase will be entered on a waiting list
for subsequent rounds of funding.
Interested schools and colleges can learn more about the program
by attending two informational webinars scheduled for April 6 and
April 12, 2023. Applications, webinar details and signups, along
with more information about the Coalfield Solar Fund, can be found
at the program’s website: www.coalfieldsolarfund.org.
About Intuit
Intuit is the global financial technology platform that powers
prosperity for the people and communities we serve. With more than
100 million customers worldwide using TurboTax, Credit Karma,
QuickBooks, and Mailchimp, we believe that everyone should have the
opportunity to prosper. We never stop working to find new,
innovative ways to make that possible. Please visit us at
Intuit.com and find us on social for the latest information about
Intuit and our products and services.
About The NEED Project
NEED, the National Energy Education Development Project, is a
national nonprofit organization that focuses on solar education for
public schools and teachers, and has a history of working with
Secure Solar Futures in providing educational training services for
solar schools and also working as a grant fund administrator. They
will be serving as the grant administrator for the Coalfield Solar
Fund.
About Secure Solar Futures
As a market and policy leader, Secure Solar Futures builds,
owns, manages and funds affordable Resilient Solar Solutions® for
hospitals, schools and businesses. With offices in Virginia, West
Virginia and South Caroline, the company combines state-of–the-art
solar technology with an innovative business model to make
commercial-scale solar power readily affordable in the Mid-Atlantic
and Southeast, helping customers to realize the economic,
environmental and community benefits of solar energy. In 2017,
Secure Solar Futures became a Certified B Corporation®. Find the
company online at www.securesolarfutures.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230315005261/en/
Bruce Chan, bruce_chan@intuit.com
Intuit (NASDAQ:INTU)
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