lancaster solar - cmrpc...lancaster solar. presentation overview • background information • why...
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Lancaster Solar
Presentation Overview
• Background Information• Why Solar?• Site Selection • Site Details• Ownership model• Management• Next Steps
Background 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
Why Solar?
• No wind!
• Incentives Available for Solar-Congressional Earmark
- Net Metering- SRECs
• LandAvailable
Easy Permitting
Site Selection
• Feasibility Study- All rooftops- All Municipal land
• Rooftops- Not enough load capacity(have structural engineer available)
• Landfill was best Municipal Land- 72 acre parcel- Abutters are far- Zoned Appropriately
Site Details• 72 acre parcel• 10 acre cap• Capacity: 0.5 MW
- 610,000 kWh/yr (Goal was 680,000 kWh/yr)
Ownership 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)
• 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
Management
Results: project accountability & simplified success and failure tracking• Town is authoring guidance on allowable enterprise expenses and revenues
PROCURE (Current)• Equipment• Installation Services• Permits
Next Steps
BUILD (March 2012)• Site Preparation• Panel Install• Interconnection
Questions & Discussion