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School District to Save $300,000 Annually Thanks to Solar Shade Canopies
The Hemet Unified School District will save $300,000 annually in utility costs thanks to the construction of 17 solar electric systems provided by Tioga Energy.
Hemet USD elementary, middle, and high schools will benefit from 4.4 megawatts of solar electric canopies over parking spaces and playgrounds across the district.
Tioga developed and will operate and maintain the systems as they sell the generated electricity to Hemet USD over the next 20 years at rates much lower than local utility rates, saving the school district approximately $300,000 per year.
“Tioga Energy’s expertise and unswerving dedication were critical to making this project possible,” said Vince Christakos, Assistant Superintendent, Business Services for the Hemet Unified School District. “From securing the very last of the best available incentives to providing an on-site presence at every installation site, the Tioga team worked hard to ensure our needs were being met.”
“The Hemet Unified School District does an excellent job with monitoring its energy consumption, and its vision for further managing costs with solar was clear from the beginning,” said Paul Detering, CEO of Tioga Energy. “Because of the District’s dedication, it is able to focus school resources on the ultimate prize: quality student education.”
These systems are the first to be developed under a master financing agreement between Tioga Energy and De Lage Landen (DLL), a global provider of high-quality asset-based financing products and supporter of sustainable clean technology. Additionally, Wells Fargo & Company participated in the projects as a construction lender and tax equity investor alongside DLL’s tax equity investment to further broaden the scope of the Tioga-DLL financing facility. Johnson Controls delivered all engineering, procurement, and construction (EPC) solutions for the project.
Source: Tioga Energy
Image Source: Hemet Unified School District
2012-10-22 10:42:30
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