Municipal Solar

Public entities are in a unique position to embrace a leadership role in support of clean energy. Buildings such as town halls, police and fire stations, and schools typically have unused roof space which can be leveraged to deploy solar energy solutions.  Additionally, unused town land or capped landfills can also be good candidates for solar energy installations.

 Municipals will benefit from solar energy in many ways:

Electricity rates are volatile – continuing to go up over time but doing so in an inconsistent manner – making it difficult to budget this line item year over year. With solar energy, a reduced, more stable and predictable electricity rate can be achieved. This is critical for municipalities that need to maintain fixed operational costs.
Solar energy is clean, renewable and abundant. Unlike fossil fuels, solar energy does not generate harmful carbon emissions and other greenhouse gases that are known to contribute to global warming. By deploying solar energy, you significantly reduce your ecological footprint, prevent further environmental damage, and decrease overall dependence on fossil fuels such as oil and natural gas.
Being “Green” is attractive to many municipalities that want to be part of the renewable energy revolution. Whether their reasons are financial, driven by a reduced carbon footprint, or purely philosophical, the demand is real and growing. Towns, schools and universities are using their green clout to educate the public, students and staff about the benefits of clean energy.

 

Solar Financing Solutions for Municipalities

The most common way that a city or town can benefit from solar is by entering into a Power Purchase Agreement (PPA). Under a PPA, a third party owner will install a solar system at no cost to the city or town and provide an electric rate that is predictable and significantly lower than the rate the local utility offers.  In return, the city/town will provide a viable roof(s) or land to “host’ the solar system. This solution works best since the city/town does not pay federal taxes and therefore cannot benefit from the current tax incentives.  The town, however, still benefits from a reduced and predictable electric rate, which not only saves them money, but also makes budgeting this line item much easier.  Alternatively, a city or town could access capital funds or apply for grants to purchase a solar system directly.

Interested municipalities can also benefit from Solect’s new partnership with energy consortium PowerOptions, the Small Systems Solar Program. This program brings on-site solar PPAs to small to mid-sized commercial nonprofit solar arrays up to 300kW, allowing eligeable institutions to enjoy substantial savings, and avoid lengthy RFP processes with no capital outlay.

Solect will work with you during the feasibility assessment to determine which financial solutions are most appropriate for your long-term success.