Third Party Ownership
Est. Annual Savings:
A private, four-year liberal arts and sciences college in upstate New York approached Solomon Energy to review the potential for a solar facility on school-owned property.
rnWith 23 acres of unused land adjacent to the college’s intramural athletic fields, the school wanted to use the land for a solar facility to help offset their $650k annual electric bills.
rnAfter fully analyzing the school's bills and the available land surrounding the campus, Solomon Energy proposed a 2.7 MW system design to be built on unused land next to the college's soccer fields. Solomon continues to work on acquiring engineering permits from the local utility and finalizing a decision on PPA bids it received from three solar developers. The PPA contract will provide the school between $1.5 and $2.7 million in electricity savings depending on the finalized terms of the agreement.