Lancaster Solar
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This document provides an overview of Lancaster Solar, a proposed solar energy project for the town of Lancaster, Massachusetts. It discusses selecting a 10-acre site on a 72-acre municipal landfill as the best location. An ownership model is proposed using a Renewable Energy Enterprise that would isolate the project's debt and revenues from the town's operating budget. The next steps outlined are to procure equipment and installation services, obtain permits, and build the 0.5 MW solar array projected to generate 610,000 kWh per year, helping Lancaster meet its goal of offsetting 100% of non-enterprise energy consumption.
Lancaster Solar
- 2. Presentation OverviewPresentation Overview • Background Information • Why Solar? • Site Selection • Site Details • Ownership model • Management • Next Steps
- 3. Background InformationBackground 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
- 4. Why Solar?Why Solar? • No wind! • Incentives Available for Solar - Net Metering - SRECs • Land Available
- 5. Site SelectionSite Selection • Feasibility Study - All rooftops - All Municipal land • Rooftops - Not enough load capacity • Landfill was best Municipal Land - 72 acre parcel - Abutters are far - Zoned Appropriately
- 6. Site DetailsSite Details • 72 acre parcel • 10 acre cap • Capacity: 0.5 MW - 610,000 kWh/yr (Goal was 680,000 kWh/yr)
- 7. Ownership ModelOwnership 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)
- 8. • 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 ManagementManagement Results: project accountability & simplified success and failure tracking • Town is authoring guidance on allowable enterprise expenses and revenues
- 9. PROCURE • Equipment • Installation Services • Permits Next StepsNext Steps BUILD • Site Preparation • Panel Install • Interconnection
- 10. Questions & DiscussionQuestions & Discussion