News about solar power in Arizona has recently been dominated by and . But, this week’s Arizona solar headline goes to the, which has recently that it isinstalling at its municipal water pumping stations and wastewater treatment plant. The project, which will consist of four separate systems,will be Prescott Valley’s largest solar energy project to date.
With a total capacity of 1.48 megawatts (MW), the four systems are expected to generate 2.7 million kilowatt-hours (kWh) of electricity per year,saving the town an estimated $1.5 million in electrical costs over the next 25 years.
The project is being financed by , a solar energy development firm that specializes in financing solar projects for governments, commercial real estate developers and utilities. Prescott Valley will purchase 100 percent of the electricity generated by the systems fromSmart Energy Capitalat a fixed rate, under a 25-year power purchase agreement.The systems will be built and maintained by of Tempe, Ariz.
image via Smart Energy Capital
According to Kim Moon, Capital Projects Coordinator for the Town of Prescott Valley; the project is also made possible, in part, by , which provides a production-based incentive for solar energy systems over 30 kilowatts (kW).
We are excited to help Prescott Valley to simultaneously achieve its sustainability objectives and reduce their electricity costs, without having to risk their own capital, said Smart Energy Capital Managing Partner Brian Weisman. “Smart Energy and Wilson Electric are proud to be supporting the town’s renewable energy efforts.”
