Can I deduct my purchases on Renewables.org as a donation?
Backing projects on Renewables.org is not a donation, it’s a 0% interest loan that’s repaid over five years – so no charitable tax deduction can be claimed.
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Once you back a project on Renewables.org, you earn repayments monthly, over five years. Since cash can be withdrawn or redeployed, this does not constitute a charitable donation and therefore is not tax deductible.
Renewables.org does offer a tax deductible Donor Edition which allows tax deductible project backing for Global South solar projects, distributions from Donor Advised Funds, and employee donation matching programs.
- Panels on Renewables.org pay you back, so they are not tax deductible donations
- Your purchase amount is repaid in full over five years.
- Renewables.org does offer a tax-deductible product intended for donor advised funds and large gifts. Click here to learn more.