THE PROJECT
The Massachusetts Groundmount project generates clean power for a variety of offtakers, including a large hospital complex and more than 100 small commercial entities. The 20 year Net Metering Credit Agreements signed by each offtaker result in at least 15% savings against existing rates. The ground mount fixed-tilt portfolio utilizes virtual net metering to deliver electricity credits from remote locations to contracted offtakers and leverages the SREC II program. The anchor offtakers provide access to solar to entities that might otherwise represent insufficient demand to sign a stand-alone offtake agreement.
The renewable energy created by this solar installation:
- Creates enough electricity to take nearly 550 homes off the grid for the next 25 years
- Is the equivalent of burning over 3.4 million pounds of coal
- Sequesters the same amount of carbon from the atmosphere as 3,700 acres of forest
- Offsets the CO2 emissions generated from consuming 360,000 gallons of gasoline annually
For more information, please contact Karin Berry at kberry@ntcic.com