FAQ
What is New Haven Community Solar?
New Haven Community Solar is an inclusive growth project finance company. New Haven Community Solar financed a 9.24 kW and an 11 kW community solar project located in New Haven, Connecticut. The lot on Button Street is the site of the 2018 annual Jim Vlock First Year Building Project and the lot on Plymouth Street is the site of the 2019 annual Jim Vlock First Year Building Project – a partnership between the Yale School of Architecture (YSoA) and Columbus House.
What is Columbus House?
Columbus House is a nonprofit organization based in New Haven that serves people who are homeless or at risk of becoming homeless by providing shelter and housing and by fostering their personal growth and independence.
What is the Jim Vlock First Year Building Project?
The annual Jim Vlock First Year Building Project which began in 1967, gives Yale students an opportunity to design and build a house in an economically challenged neighborhood in New Haven. The program is mandatory for all first-year graduate students in YSoA, many who arrive at Yale with a special interest in socially responsible design.
How do I invest?
New Haven Community Solar conducted two crowdfunded offerings under Reg CF. At the moment, we don’t have a live raise, but if you sign up for our newsletter we will be sure to let you know next time we’re raising.
What is Reg CF?
Regulation CF is the set of rules and forms that will implement securities crowdfunding in the United States. The SEC was required to adopt these rules under the provisions of Title III of the JOBS Act of 2012.
Who is the team behind NHCS?
Franz Hochstrasser, Matthew Moroney, and Kwasi Ansu, recent graduates of the Yale School of Forestry and Environmental Studies, founded NHCS to help the Columbus House install solar through a new kind of investment: green private equity for non-accredited investors. Their business model won the 2018 Aetna Foundation Prize for Health Equity Innovation.
Why is this important?
Climate change already impacts every sector of the economy and every region. The most vulnerable people bear the brunt, but we all experience the consequences. The World Health Organization estimates that air pollution kills almost 9 million people every year, more people than live in New York City. Moreover, the need for an additional $1 trillion per year in clean energy investment to limit global temperature rise to below 2 degrees Celsius and avoid the worst impacts of climate change. Lastly, Connecticut has some of the highest energy costs in the country. NHCS helps to chip away at all of the issues.
What are the risks?
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.