Secure Futures LLC to start selling 1.1-MW of solar to Albermarle County schools via 20-year PPA
Written By: Stratton Report
October 20, 2016
On October 20, Secure Futures LLC announced the installation of a 1.1-MW solar PV system for the Albemarle County Public Schools. The firm described the project, installed on six Albermarle schools as the largest solar system on a public school system in Virginia.
According to Secure Futures, the 20-year PPA, Secure Futures builds, owns, operates and maintains the solar photovoltaic system, and sells the solar electricity to ACPS, and required zero capital investment by ACPS. The solar developer stresses that the project should provide annual savings projections of $3,800 in the process of providing 22% of the annual electricity requirements for the six schools.
Dr. Tony Smith, CEO of Secure Futures observed:
“We are thrilled to work with ACPS, as the school district charts new territory in the Commonwealth. This collaboration not only benefits the schools in energy savings and curriculum enhancement, but it also creates a positive precedent for other school systems to follow. We’re very thankful to the U.S. Department of Agriculture for the $500,000 REAP grant that made financing for this project possible with City National Bank and Virginia Community Capital.”