Secure Solar Capital LLC, (the “Company”), a Virginia based limited liability company founded in 2017, is an operating company for its parent company, Secure Futures LLC, which has been operating since 2004. As an innovative market leader in the Virginia solar industry, Secure Futures and the Company develop affordable solar power solutions for non-tax paying entities. Secure Futures LLC is a Certified B Corp, meaning that doing good for our employees, our community, and our earth is part of our DNA. We are inviting individual and institutional investors to join the solar transformation. For the first time in Virginia’s history, we are implementing a solar investment crowdfunding campaign, giving investors the opportunity to join our Solar Bond™ program to help fund solar projects for a group of Virginia-based non-profits.
****************************Note: Please disregard the “Target” of $40,000. It’s really a minimum to get this crowdfund initiative rolling, in compliance with Securities Laws. Our goal for this initial portfolio of projects is to raise at least $468,000, and our aspiration is to raise $1 million. Thanks for helping us to meet our goals!
Financial Summary
Previous Fundraise Summary
Security Type | Loan | |
---|---|---|
Investor Eligibility | All Investors | |
Minimum Investment | $1,000 | |
Interest Rate | 2.50% | |
Term | 66 months | |
Payment Frequency | Annually | |
Loan Collateral | Unsecured | |
Seniority | Junior |
Security Type | Loan | |
---|---|---|
Investor Eligibility | All Investors | |
Minimum Investment | $1,000 | |
Interest Rate | 2.85% | |
Term | 99 months | |
Payment Frequency | Annually | |
Loan Collateral | Unsecured | |
Seniority | Junior |
Offering Materials
Financials
Financial projections are subject to certain risks of the business and may not be achieved. Projections only contemplate projected cash flows, are unaudited and may not be formulated in accordance with US Generally Accepted Accounting Principles. Consult the investment materials for more information on business specific risks and a discussion of the key risks that may impede the achievement of the revenue forecasts presented. There is no guarantee that an investment may achieve any level of return. Review our Risks of Investing before making an investment decision.
This is an overview of the previous and planned financings of the business, including the capital needs the business is looking to cover in the current financing.
Funding Uses for Target Raise ($40 k)
Description | Equipment for the first project |
---|---|
Timing | A one-time payment 1 month after investments close. |
Description | Labor for the buildout and installation of the first project |
---|---|
Timing | A one-time payment 1 month after investments close. |
Description | Soft costs such as engineering, loan origination costs, interconnection fees, permitting, developer fee, etc, for the first project |
---|---|
Timing | A one-time payment when investments close. |
Funding Uses for Max Raise ($1.1 mil)
In addition to target raise
Description | Equipment for additional projects |
---|---|
Timing | A one-time payment when investments close. |
Description | Labor for the buildout and installation of additional projects |
---|---|
Timing | A one-time payment when investments close. |
Description | Soft costs such as engineering, loan origination costs, interconnection fees, permitting, developer fee, etc, for additional projects |
---|---|
Timing | A one-time payment when investments close. |
Remaining funding uses include cash buffer and Localstake Marketplace fees. See offering materials for full details.
$2,167,048 from Other Financings
Source | Bank |
---|---|
Structure | Debt |
Date Closed | October 31, 2019 |
Source | Outside Investors |
---|---|
Structure | Equity |
Date Closed | October 31, 2019 |
Q&A
Team

Eric Hurlocker
Eric is a principal at GreeneHurlocker, PLC in Richmond, where he has practiced since July 2012. With over twenty years of experience in practicing and advising clients in the areas of energy law, commercial transactions and general corporate work, Eric brings a legal perspective to Secure Futures, LLC.
Eric works closely with renewable energy development companies and has appeared on behalf of clients before the Virginia State Corporation Commission. He is a former partner in the Richmond, Virginia offices of Williams Mullen and former senior in-house corporate and energy attorney at PPL Corporation in Allentown, Pennsylvania, and at Virginia Power in Richmond, Virginia.

Matt Ferguson
Matt Ferguson is an investor, attorney and strategic research and management consultant. He invests in clean infrastructure companies and assets. He represents organizations in securing financing agreements in his law practice. His research and consulting is on operating and governance structures that are optimally capitalized and function as intended.
Prior to Matt’s present activity he was Counsel at Kilpatrick Townsend & Stockton (KTS) advising clients on the tax aspects of transactions and business activities in the energy innovation, infrastructure and creative sectors. Before KTS, he was the Founder of the Renewable Energy Practice at CohnReznick and served as the firms National Practice Leader. He has served on the Boards of Directors of the American Council on Renewable Energy (ACORE), Smart Electric Power Alliance (SEPA) and the Solar Electric Industry Association (SEIA). He continues to be active in the broad spectrum of the developing and evolving clean energy economy.

Cal Redekop
Cal brings a lifetime of academic and business leadership experience, including positions as a professor, dean and vice president at numerous American and Canadian colleges and universities, and the successful development of farm equipment and solar companies. Growing up in Montana during the Dust Bowl (1930-1937) instilled in Cal a deep appreciation of the power of nature and faith, addressed in his (2000) publication of Creation and the Environment: An Anabaptist Perspective on a Sustainable World (Center Books in Anabaptist Studies) and Enchantment and Despair: Montana Childhood Stories, 1925 – 1937.

Brown Edwards
Brown, Edwards & Company is a regional accounting and business consulting firm formed in 1967 through the merger of the accounting firms of Fred P. Edwards Company and C. A. Brown & Company, whose histories date back to the 1920’s. Today, the firm has 24 partners, 18 directors, and over 170 associates, with offices located throughout Western Virginia and West Virginia. Each of their service areas offers complete accounting, assurance, tax, and management advisory services to clients. Brown, Edwards, & Company provides information technology consulting, business valuation services, and an array of consulting and business support services.

Greene Hurlocker
GreeneHurlocker, PLC, located in Richmond, Virginia, was founded in 2012 by Brian R. Greene and Eric W. Hurlocker, who together have nearly 40 years of experience practicing law. The firm provides a broad range of litigation, energy law, administrative/regulatory law, and corporate services. The firm represents clients before state and local agencies, state commissions, the Federal Energy Regulatory Commission, and state and federal courts in Virginia, Maryland, and Washington, D.C., and around the United States.

City National Bank
City National Bank is a company built on rich tradition. For over 125 years, City National Bank has provided quality financial services to the communities we serve.

Virginia Community Capital
Virginia Community Capital is a Certified B Corporation with a mission to support housing and community development ventures, increase jobs, and build sustainable communities by offering flexible financial products and advisory services.

Park View Federal Credit Union
Park View Federal Credit Union partners with its members, as owners, to achieve and maintain financial stability throughout life stages by providing excellent personalized service, sound financial products and innovative solution. Park View Federal Credit Union is a thriving, member-centered financial cooperative empowering individuals, businesses and partner organizations to cultivate financial stability and growth.

McMackin CPA
Providing businesses with the expertise and knowledge to advise in the use of accounting, tax preparation, year-end payroll, monthly bookkeeping and software products such as QuickBooks. Kris has extensive training and experience in technology and accounting, putting a powerful tool at your disposal.

M&T Bank
The Manufacturers and Traders Trust Company (M&T) is the seventeenth largest commercial bank holding company in the United States. Based in Buffalo New York, M&T has been in operation since 1856. M&T Bank serves as the key investor in Secure Futures’ 205 kW project at the University of Richmond.
About Secure Solar Capital
Company Updates
Last Day to Express Investment Interest
January 17, 2020
Thank you to all of our investors so far who have contributed to raising sufficient capital for our 5 solar crowdfunding projects! We are leaving the solar crowdfunding campaign open until Friday, January 31st to allow a chance for our interested investors to participate.
Investment timeline:
Friday, January 17th: Last day to express interest in Solar Bonds on LocalStake.
Friday, January 24th: Last day to complete and sign your investment documents.
Monday, January 27th: Last day to mail checks or approve ACH transfers.
Friday, January 31st: Virginia’s first solar crowdfunding campaign officially closes.
In the meantime, we are working with Senator Edwards and Delegate Kilgore to seek extension of the Virginia Crowdfunding legislation, through SB 542 and HB 1339, respectively. If you would like to see more solar crowdfunding opportunities in Virginia, please communicate your support for extending that legislation which would otherwise sunset effective July 1, 2020.
Pictured: The Insurance Institute for Highway Safety's second phase of solar installations, partially financed through Solar Bonds.
Closing Fund on Friday, January 31.
January 14, 2020
We're thankful that our first foray into crowdfunding has succeeded in helping us to raise sufficient capital for two of our Virginia solar projects. Shenandoah University and Insurance Institute for Highway Safety were financed and placed into service in December 2019. We have also raised sufficient other capital for the remaining three projects in the portfolio, including Temple Rodef Shalom, Eastern Mennonite School, and Caritas. We thank our non-profit collaborators, including LEAP in Charlottesville, Interfaith Power & Light, and the Faith Alliance for Climate Solutions, for helping to get the word out about our Fund.
We are now only accepting investments from individuals who have a) already expressed interest on this portal by close of business on Friday, January 17, b) who complete and sign their investment documents by close of business on Friday, January 24, and c) who either mail their checks or approve ACH transfers by the following Monday. Our Fund will officially close on Friday, January 31st.
We sincerely thank those who have already invested in the Solar Bond crowdfund, the first such crowdfund in Virginia. We are working with Senator Edwards and Delegate Kilgore to seek extension of the Virginia Crowdfunding legislation, through SB 542 and HB 1339 respectively, if you care to communicate your support for extending that legislation, which would otherwise sunset effective July 1, 2020.
Monday Dec 23rd deadline for your 2019 investment
December 21, 2019
We see several interested and committed investors who have not yet completed their documentation for their investments. Very likely in the holiday rush you may have overlooked the documents you need to sign electronically, including banking information.
If you want to take advantage of the 2019 Virginia tax benefits offered to investors, as detailed in a previous announcement, we encourage you to cross the finish line this weekend, or Monday latest, so you can be assured of having your investment count towards 2019. There is a mandatory 5 day waiting period before your funds would be transferred into the escrow account, and from there, into Secure Solar Capital.
Funds are scheduled to be transferred on Friday, December 27, and that is why Monday is the very last day for completing your investment for 2019.
Happy holidays!
Give the Gift of Solar this Holiday
December 18, 2019
The holidays are fast approaching, and everyone is scrambling to get their loved ones a thoughtful and unique gift. A Solar Bond investment is the gift that keeps on giving. Beneficiaries receive both a great investment and the knowledge that they’re paving the path to a clean energy future – and there’s no better gift than peace of mind during the holidays!
Here is how you can go about giving Solar Bonds as a gift:
If the beneficiary is over 18 years old: The beneficiary needs to have the investment under their name, and would need to create an account and complete the investment process. The giftor would either provide them with the capital to invest themselves, or the giftor would transfer the funds for the investment amount directly to escrow.
If the beneficiary is under 18: These investments would need to be held in a trust or similar custodial account (provided by another institution, not Localstake) with the minors named as the beneficiary. Then the giftor, as the trustee, would make the investment through that trust account. The trust documents need to allow for this type of investment (e.g. 'private placements') to be held in the trust. If there is already a trust in place, you can create an investment account for the trust on LocalStake under your login and complete the investment(s) using your account.
We wish you a bright and sunny holiday season,
Tony Smith
CEO and Manager
Risk Mitigation Strategy
December 15, 2019
Some prospective investors have asked about our risk mitigation strategy for repayment of principal on the Solar Bonds. We refer investors to the Pitch Deck Investment Overview on the web portal, pages 10 and 11, that describe in detail the risk mitigation measures and project cashflow.
Regarding repayment of principal on the Solar Bond notes, we have built into the project cashflow sufficient funds to cover all operating expenses, bank debt service, and Solar Bond principal repayments (see page 11 cashflow in the Investment Overview).
Under the terms of the Operating Agreement for Secure Solar Capital, Secure Futures LLC, the parent company, and its management team owner-members, are individually and collectively guaranteeing any and all debt obligations of Secure Solar Capital.
Discussion
Risks & Disclosures
Company Updates
Last Day to Express Investment Interest
January 17, 2020
Thank you to all of our investors so far who have contributed to raising sufficient capital for our 5 solar crowdfunding projects! We are leaving the solar crowdfunding campaign open until Friday, January 31st to allow a chance for our interested investors to participate.
Investment timeline:
Friday, January 17th: Last day to express interest in Solar Bonds on LocalStake.
Friday, January 24th: Last day to complete and sign your investment documents.
Monday, January 27th: Last day to mail checks or approve ACH transfers.
Friday, January 31st: Virginia’s first solar crowdfunding campaign officially closes.
In the meantime, we are working with Senator Edwards and Delegate Kilgore to seek extension of the Virginia Crowdfunding legislation, through SB 542 and HB 1339, respectively. If you would like to see more solar crowdfunding opportunities in Virginia, please communicate your support for extending that legislation which would otherwise sunset effective July 1, 2020.
Pictured: The Insurance Institute for Highway Safety's second phase of solar installations, partially financed through Solar Bonds.
Closing Fund on Friday, January 31.
January 14, 2020
We're thankful that our first foray into crowdfunding has succeeded in helping us to raise sufficient capital for two of our Virginia solar projects. Shenandoah University and Insurance Institute for Highway Safety were financed and placed into service in December 2019. We have also raised sufficient other capital for the remaining three projects in the portfolio, including Temple Rodef Shalom, Eastern Mennonite School, and Caritas. We thank our non-profit collaborators, including LEAP in Charlottesville, Interfaith Power & Light, and the Faith Alliance for Climate Solutions, for helping to get the word out about our Fund.
We are now only accepting investments from individuals who have a) already expressed interest on this portal by close of business on Friday, January 17, b) who complete and sign their investment documents by close of business on Friday, January 24, and c) who either mail their checks or approve ACH transfers by the following Monday. Our Fund will officially close on Friday, January 31st.
We sincerely thank those who have already invested in the Solar Bond crowdfund, the first such crowdfund in Virginia. We are working with Senator Edwards and Delegate Kilgore to seek extension of the Virginia Crowdfunding legislation, through SB 542 and HB 1339 respectively, if you care to communicate your support for extending that legislation, which would otherwise sunset effective July 1, 2020.
Monday Dec 23rd deadline for your 2019 investment
December 21, 2019
We see several interested and committed investors who have not yet completed their documentation for their investments. Very likely in the holiday rush you may have overlooked the documents you need to sign electronically, including banking information.
If you want to take advantage of the 2019 Virginia tax benefits offered to investors, as detailed in a previous announcement, we encourage you to cross the finish line this weekend, or Monday latest, so you can be assured of having your investment count towards 2019. There is a mandatory 5 day waiting period before your funds would be transferred into the escrow account, and from there, into Secure Solar Capital.
Funds are scheduled to be transferred on Friday, December 27, and that is why Monday is the very last day for completing your investment for 2019.
Happy holidays!
Give the Gift of Solar this Holiday
December 18, 2019
The holidays are fast approaching, and everyone is scrambling to get their loved ones a thoughtful and unique gift. A Solar Bond investment is the gift that keeps on giving. Beneficiaries receive both a great investment and the knowledge that they’re paving the path to a clean energy future – and there’s no better gift than peace of mind during the holidays!
Here is how you can go about giving Solar Bonds as a gift:
If the beneficiary is over 18 years old: The beneficiary needs to have the investment under their name, and would need to create an account and complete the investment process. The giftor would either provide them with the capital to invest themselves, or the giftor would transfer the funds for the investment amount directly to escrow.
If the beneficiary is under 18: These investments would need to be held in a trust or similar custodial account (provided by another institution, not Localstake) with the minors named as the beneficiary. Then the giftor, as the trustee, would make the investment through that trust account. The trust documents need to allow for this type of investment (e.g. 'private placements') to be held in the trust. If there is already a trust in place, you can create an investment account for the trust on LocalStake under your login and complete the investment(s) using your account.
We wish you a bright and sunny holiday season,
Tony Smith
CEO and Manager
Risk Mitigation Strategy
December 15, 2019
Some prospective investors have asked about our risk mitigation strategy for repayment of principal on the Solar Bonds. We refer investors to the Pitch Deck Investment Overview on the web portal, pages 10 and 11, that describe in detail the risk mitigation measures and project cashflow.
Regarding repayment of principal on the Solar Bond notes, we have built into the project cashflow sufficient funds to cover all operating expenses, bank debt service, and Solar Bond principal repayments (see page 11 cashflow in the Investment Overview).
Under the terms of the Operating Agreement for Secure Solar Capital, Secure Futures LLC, the parent company, and its management team owner-members, are individually and collectively guaranteeing any and all debt obligations of Secure Solar Capital.
Discussion
Team Secure Futures,
I'm starting to work on my taxes and wonder where I can get the form if any to claim the 5.75% of my investment as deduction (or a credit)? Please advise as my tax software doesn't bring up the VVCA and I couldn't find online where to input it. I looked under "announcements" on this site and couldn't find additional instructions.
Thanks, Chris
Team Secure Futures,
I'm starting to work on my taxes and wonder where I can get the form if any to claim the 5.75% of my investment as deduction (or a credit)? Please advise as my tax software doesn't bring up the VVCA and I couldn't find online where to input it. I looked under "announcements" on this site and couldn't find additional instructions.
Thanks, Chris