UMASS UTILIZES CON EDISON SOLUTIONS FOR SOLAR POWER.
The University of Massachusetts Amherst has retained ConEdison Solutions (CES), for a campus-wide solar power initiative expected to reduce university electric bills by $6.2 million over the next twenty years.
ConEdison Solutions will own, operate and maintain 15,576 photovoltaic panels at eight sites across the UMass campus. The photovoltaic (PV) systems will collectively generate annual electricity equivalent to that used by 900 typical Massachusetts homes. Installation is scheduled for completion by the end of this year.
The PV systems will provide 5.3 megawatts (MW) of clean, renewable power, while reducing greenhouse gas emissions by an amount equal to 31,000 non-metric tons of carbon dioxide annually.
The eight installations six on rooftops and two above existing asphalt parking lots will be engineered and constructed by Brightergy, a national solar company. Brightergy worked with Sol Systems to arrange for project finance, ownership and ongoing operations and maintenance of the solar systems by ConEdison Solutions for up to 20 years. The university will buy all of the electricity from the $16 million project for direct use on campus through a power purchase agreement with ConEdison Solutions.
The project will require no up-front costs to the university. ConEdison Solutions sells the electricity to the university at a rate that is below the current market price. The solar arrays will save the university $89,000 on electricity in the first year. UMass Amherst projects that savings will grow to an average $310,000 per year.
About ConEdison Solutions
ConEdison Solutions is an energy services company that provides renewable energy, sustainability services, cost- effective energy efficiency solutions, demand response, and energy performance contracting. The company serves commercial, industrial, residential and government customers, including universities, public school districts, and hospitals nationwide. The company is based in Valhalla, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Falls Church, Virginia; Tampa, Florida; Overland Park, Kansas, Nashville, Tennessee; and Bloomington, Minnesota. The firm's team of energy professionals delivers a broad range of energy solutions. ConEdison Solutions offers programs and services designed to help customers achieve their individual energy objectives and is accredited as an Energy Services Provider (ESP) by the National Association of Energy Service Companies (NAESCO). ConEdison Solutions is a subsidiary of Consolidated Edison, Inc. (NYSE: ED).
For more information, visit www.conedsolutions.com or call 888/210-8899.
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|Date:||Nov 1, 2016|
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