THE JFSI FUND

JFSI is structuring an investment vehicle, the JFSI Fund (working title), that will raise both tax credit equity (by selling the federal solar tax credits to tax credit investors) and debt capital to finance the installation of a minimum of 1.5MW of solar energy generating capacity.

The key to JFSI's ability to provide cost effective solar energy to its partner facilities is, in a word, scale. Through scaling JFSI can spread development costs and achieve economic advantages that are unavailable to facilities if they decide to go solar on their own.

Depending on the size requirements of each facility’s solar energy system, JFSI is seeking to partner with 15 to 30 Jewish facilities in order to reach the minimum generating capacity of 1.5MW. The number of facilities involved in JFSI's first fund will depend on the size of the systems that are designed for each facility. If each of the systems is about 50kW(enough for a typical "medium" size synagogue) then JFSI needs to sign up at least 30 facilities. If each of our systems is 100kW (enough for a typical "large" size synagogue) then JFSI would only need to sign up at least 15 facilities to reach our minimum scale threshold. The actual number of facilities that can participate will depend on the size of the systems that is required for each facility.

Assuming we can identify 1.5MW of aggregated solar energy to install, JFSI will work with each partner facility to design a solar system that is appropriate for the particular characteristics of the facility. If JFSI is not able to identify at least 1.5MW of solar energy generating capacity to install then none of our partners will get a solar system through JFSI. Each of the facilities that commit to work with JFSI thus are also enabling each other to go solar in a cost effective way.