Albuquerque Academy project is complete
If you are interested in viewing a slideshow of the system’s construction click here. Here is some information about the system taken from an earlier post:
This array is the culmination of a three year long project, it consists of over 5,000 panels and will provide over 2 million kilowatt hours of electricity to the school annually, about 25% of the schools energy use. As a non-profit organization Albuquerque Academy isn’t eligible for many of the renewable energy tax credits. Instead they are acting as a “solar host” for the array, which is actually financed and owned by third parties who are eligible for these credits.
The school provides the land for the array and promises to purchase the low cost energy for 20 years while the other companies put up the $5 million necessary to pay for the system. This mutually beneficial collaboration will result in a dramatic reduction in the school’s energy costs and carbon footprint, all without cutting into the school’s operating budget. What’s even better is that as the price of traditional energy rises the school’s annual savings will increase and after 20 years Albuquerque Academy will assume ownership of the array.
For more information check out Albuquerque Academy’s article on the installation.