lancaster solar - cmrpc...lancaster solar. presentation overview • background information • why...
TRANSCRIPT
![Page 1: Lancaster Solar - CMRPC...Lancaster Solar. Presentation Overview • Background Information • Why Solar? • Site Selection • Site Details • Ownership model • Management •](https://reader033.vdocuments.us/reader033/viewer/2022051810/6018a7a202070174e310c0b4/html5/thumbnails/1.jpg)
Lancaster Solar
![Page 2: Lancaster Solar - CMRPC...Lancaster Solar. Presentation Overview • Background Information • Why Solar? • Site Selection • Site Details • Ownership model • Management •](https://reader033.vdocuments.us/reader033/viewer/2022051810/6018a7a202070174e310c0b4/html5/thumbnails/2.jpg)
Presentation Overview
• Background Information• Why Solar?• Site Selection • Site Details• Ownership model• Management• Next Steps
![Page 3: Lancaster Solar - CMRPC...Lancaster Solar. Presentation Overview • Background Information • Why Solar? • Site Selection • Site Details • Ownership model • Management •](https://reader033.vdocuments.us/reader033/viewer/2022051810/6018a7a202070174e310c0b4/html5/thumbnails/3.jpg)
Background Information
• Lancaster – Worcester County; population 7,026
• Lancaster becomes a Green Community in 2010- Reduce energy consumption by 20%
• Additional Goal: offset 100% non-enterprise consumption
- 680,000 kWh/year
• Many innovative measures already taken to improve efficiency
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Why Solar?
• No wind!
• Incentives Available for Solar-Congressional Earmark
- Net Metering- SRECs
• LandAvailable
Easy Permitting
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Site Selection
• Feasibility Study- All rooftops- All Municipal land
• Rooftops- Not enough load capacity(have structural engineer available)
• Landfill was best Municipal Land- 72 acre parcel- Abutters are far- Zoned Appropriately
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Site Details• 72 acre parcel• 10 acre cap• Capacity: 0.5 MW
- 610,000 kWh/yr (Goal was 680,000 kWh/yr)
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Ownership Model
REVENUE: $173,000 /yr (SREC sales at $285)
- SRECs paying the bond• Net metering avoided cost is profit (est. $85,400 /yr)• Taking advantage of low hanging fruit
COST: $2.5 Million• Received Congressional earmark of $0.5 Million• Town voted to borrow $2 Million
- Bond Cost: $171,000 /yr(Principal and Interest)
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• Renewable Energy Enterprise (MGL c.44, SS 53F1/2)
• Separate budget & accounting:• SRECs• Net Metering
• Isolate debt service from general fund• Isolate revenue from Town operating budget
Management
Results: project accountability & simplified success and failure tracking• Town is authoring guidance on allowable enterprise expenses and revenues
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PROCURE (Current)• Equipment• Installation Services• Permits
Next Steps
BUILD (March 2012)• Site Preparation• Panel Install• Interconnection
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Questions & Discussion