Solar for Congregation Ahavas

Solar for Congregation Ahavas

105.6 kWdc behind the meter solar project

105.6 kWdc behind the meter solar project

Overview

Raised to Date: Raised: $280,100

Total Commitments ($USD)

Platform

Climatize

Start Date

07/17/2023

Close Date

10/12/2023

Min. Goal
$10,000
Max. Goal
$420,000
Min. Investment

$5

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

8.00%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/26/2023

Days Remaining

16

% of Min. Goal

2,801%

% of Max. Goal

67%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,945

# of Investors

20

Momentum
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Year Founded

2022

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

PLYMOUTH, Massachusetts

Solar for Congregation Ahavas is raising funds on Climatize. It is a 105.6kW dc behind the meter solar project owned by Trex Solar, LLC. The project aims to provide substantial electricity bill savings of about 50% for Congregation Ahavas Achim, a synagogue in New Jersey. Solar for Congregation Ahavas was developed collaboratively by Bright Sun and Associated Energy Developers and will help to avoid more than 2,400 metric tons of carbon dioxide equivalent. Dr. Lawrence W. Chan founded Trex Solar in June 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $420,000. The campaign proceeds will be used for investment in the project, legal and accounting fees, and reserves.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,520

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$35,986

$0

Accounts Receivable

$0

$0

Total Assets

$1,163,986

$0

Short-Term Debt

$485,452

$0

Long-Term Debt

$100,000

$0

Total Liabilities

$585,452

$0

Financials as of: 07/17/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Solar for Shakespeare Theater 10/12/2023 Climatize - $325,900 Debt Active RegCF
Solar for Congregation Ahavas 10/12/2023 Climatize - $280,100 Debt Active RegCF
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Solar for Congregation Ahavas on Climatize 2023
Platform: Climatize
Security Type: Debt

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