Location: Malden, MA
Founded in 1881 and governed by a 23-member board of directors, the Malden YMCA comprises 217 staff and 60 volunteers and provides services to over 10,000 individuals annually.
Nonprofit organizations like the YMCA strive to maximize their budget to provide the best services possible to communities. Rising and fluctuating energy costs made it challenging for the YMCA to power its facility, leading it to consider solar as the solution.
Leveraging its relationship with PowerOptions, Malden YMCA signed a Power Purchase Agreement (PPA) with Solect Energy and installed its much-needed solar project.
A $16,000 annual reduction in electricity costs
The array is estimated to cover approximately 15% of the YMCA’s energy needs and generate approximately $400,000 in savings over the 25-year agreement period.