The Town of Hartford, Vermont, hosts the solar project at their Wastewater Treatment Plant and will see long-term savings and energy price stability. The Town will receive all of the Renewable Energy Certificates from the project, so Hartford is using clean, renewable energy and reducing its greenhouse gas emissions as a result.
As is typical of municipal solar energy development, the Town of Hartford was unable to directly receive the benefit of the generous 30% Federal Investment Tax Credit (ITC), making the Solar Service Agreement (SSA) an effective financing solution. In a Solar Services Agreement, the system purchaser uses their tax equity position to leverage the 30% ITC and other tax benefits and incentives to own the system and share the savings through a discounted energy rate to the Town. At various predetermined times during the contract, the Town of Hartford has the options to purchase the system at significant savings at the then fair market value.
Norwich Solar Technologies Scope
We provided full scope Engineering, Procurement and Construction (EPC). Norwich Solar Technologies also worked directly with town administrators and Select Board members from initial, conceptual planning stages through final installation. Norwich Solar Technologies played a key role in securing a solar investor, incentives, and working with the local utility to ensure optimal production and return on investment. Norwich Solar Technologies will perform all operations and maintenance of the system.
Anticipated Production: 101,300 kWh in Year One.
Approximately $7,000 in savings in the first year.