Solar for Debra’s Family Farm
Solar project
Overview
Raised: $29,965
Total Commitments ($USD)
Platform
Climatize
Start Date
02/21/2024
Close Date
03/29/2024
Min. Goal
$50,000
Max. Goal
$60,000
Min. Investment
$5
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
2.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$832
# of Investors
51
Momentum
Funded
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Year Founded
2023
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Solar for Debra’s Family Farm is raising funds on Climatize. The project is aimed at the deployment of a solar system at Lockard’s Produce. Lockard’s Produce is a third-generation family-owned farm in Ripley, Tennessee, that plans to install an 8.04 kW solar array and a 30.72 kWh battery storage system to meet its energy needs. Solar for Debra’s Family Farm will help the farm decrease its operating costs and allow for proper environmental conditions for optimal production. John Carey founded Solar for Debra’s Family Farm in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $60,000. The campaign proceeds will be used to fund the solar and storage project.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$500,037 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$500,037 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/21/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Solar for Liberty Hill Farms | 07/27/2024 | Climatize | - | $309,500 | Debt | Active | RegCF |
| Countryside Solar Portfolio | 05/03/2024 | Climatize | - | $886,000 | Debt | Funded | RegCF |
| La Finca’s Solar Energy Project | 04/18/2024 | Climatize | - | $100,000 | Debt | Funded | RegCF |
| Solar for Debra’s Family Farm | 03/28/2024 | Climatize | - | $29,965 | Debt | Funded | RegCF |
| Solar Harvest for Howle Farms | 03/13/2024 | Climatize | - | $309,200 | Debt | Funded | RegCF |
| Shifting Gears to Solar | 03/03/2024 | Climatize | - | $144,400 | Debt | Funded | RegCF |
| Light Up Rural America | 12/28/2023 | Climatize | - | $310,000 | Debt | Funded | RegCF |
| Solar Resilience for Farmer’s Hardware | 12/22/2023 | Climatize | - | $264,100 | Debt | Funded | RegCF |
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