SMART ENERGY FOR SCHOOLS
We Make Going Solar Energy Easy & Affordable
Solar Photovoltaic (PV) projects provide schools with important learning opportunities as well as significant savings and long-term energy cost predictability. Students, teachers, parents, and community members get a firsthand opportunity to learn about clean technology through streaming data from their array. PV arrays can be installed on school roofs, unused campus grounds, and offsite in many cases, allowing school administrators a range of options for adopting renewable energy.
Additionally, data from solar PV arrays can be readily integrated into the educational curriculum, and are easily coordinated with STEM (science, technology, engineering, and mathematics) initiatives. Norwich Solar Technologies also provides, free of charge, a video display system for tracking your PV array’s energy production while measuring your savings and environmental impact.
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The Revolution in Affordable Solar Energy Gives Your School:
- Protection from Electricity Market Volatility
- New Revenue Streams and Improved Cash Flows
- Educational Benefits
- Live streaming data from your PV system is readily available for educational curriculum and STEM programs.
Norwich Solar Technologies Offers Expert Guidance In:
- Renewable Energy Incentives
- Virtual Net Metering and Shared Solar Options
- No Capital Investment Options
- Regulations and Utility Programs
Why Partner With Us?
The team at Norwich Solar Technologies includes science and engineering educators from university and secondary school settings. We provide a range of educational assistance and displays to our academic clients, both interactive and online, integrating data and information from your solar array as part of classroom analysis and education.
We have developed structured finance solutions to reduce and stabilize a school’s energy costs without capital investment, while simultaneously adding an invaluable educational opportunity to their curriculum.
Norwich Solar Technologies provides end-to-end services to commercial solar electric customers including Development, Design, Engineering, Procurement, Construction, No Capital Cost Power Purchase Agreements (aka Solar Service Agreements), Structured Financial Solutions, and Operations and Maintenance.
No Capital Cost Power Purchase Agreements
Solar Power Purchase Agreements (PPAs) have facilitated deployment of more than 100 megawatts (MW) of solar on school campuses around America. Norwich Solar Technologies provides expert guidance to public and private schools and universities on the process of using PPAs and how they can make economic sense for campus solar. See the National Renewable Energy Laboratory document to the right for more information on financing academic solar projects.
Power Purchase Agreements Defined
A Power Purchase Agreement (PPA) is a financial mechanism that allows a solar purchaser or “offtaker,” as they are called in the industry, to obtain many of the benefits of solar photovoltaic (PV) power without buying a PV system. In a PPA, a solar purchaser buys power from a project developer at a predetermined rate for a specified length of time without responsibility for system ownership or operation and maintenance.
The project developer procures, builds, operates, and maintains the system. The solar PV system may be located on the purchaser’s property (onsite PPA) or remotely (offsite PPA). In both situations, The PPA offers the financial benefits, and sometimes the environmental benefits, of solar power to the offtaker whether or not the electricity provides the offtaker’s power needs directly.
How a PPA Works
1. The offtaker buys power at a negotiated PPA rate ($/kWh) for a predetermined term without owning the solar PV system. (This PPA rate is usually significantly less than their current utility rate.)
2. The solar project developer or a tax equity investor owns the system.
3. The developer has responsibility for all permitting, installation, maintenance, and decommissioning.
4. PPA contracts generally are for 20 to 25-year terms, approximately the anticipated lifespan of solar PV modules. PPA contracts generally stipulate the offtaker’s options at the end of the contract, which usually includes contract termination and system removal, contract renewal, or the option to purchase the system at fair market value. (Offtakers are often given the option to purchase the system at various times before the end of the contract.)