The Malden YMCA was founded in 1881. Governed by a 23 member Board of Directors, the Malden YMCA employs 217 staff and 60 volunteers and provides services to over 10,000 individuals each year.
Nonprofit organizations like the YMCA strive to maximize their budget to provide the best services possible to their communities. Rising and fluctuating energy costs have made powering their facility increasingly more challenging as the years go by.
By taking advantage of their relationship with PowerOptions, the Y was able to secure and finance a solar array through a Power Purchase Agreement (PPA) with Solect Energy.
$16,000 annual reduction of electricity costs
It is estimated that the array will cover approximately 15% of the YMCA’s energy needs, and is expected to generate approximately $400,000 in savings over the 25 year agreement.