A falling stock market was harming charitable endowments, shrinking or killing portfolios. So, Dave Chrestensen and his partners latched onto a business model in which wealthy individuals can own wind or solar power generation systems, take the tax benefits, and sell the electricity at below-market rates to a charity or nonprofit for long-term contracts, reports the
Dayton Daily News.
Now, three west central Ohio school districts have allowed Chrestensen's company to build arrays of solar panels on their buildings, representing 1.7 megawatts of power and a total of $8.5 million.
Read the full story
here.