HVAC Breaking News / News

Dec. 13, 2012: School District to Save $300,000 Annually with Solar Energy

HEMET, Calif. — Representatives from the Hemet Unified School District, Tioga Energy, Johnson Controls, De Lage Landen, and Wells Fargo & Co. gathered in Hemet, Calif., to celebrate the completion of 17 solar electric systems for area elementary, middle, and high schools that are expected to save the district approximately $300,000 in utility costs annually.

The 4.4 MW of solar electric canopies now provide shade for approximately 1,400 parking spaces and nine playgrounds across the district. Tioga Energy, a leading provider of renewable energy services to commercial, government, and nonprofit institutions, financed each of the 17 systems through its SurePath® Solar power purchase agreements (PPAs). Tioga developed and will operate and maintain the systems, selling the generated electricity to the Hemet Unified School District over 20 years at rates lower than the local utility.

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 asset-based financing products and supporter of sustainable clean technology. Additionally, Wells Fargo & Co. 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.

“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.”

For more information on Tioga Energy’s SurePath Solar power purchase agreement, go to www.tiogaenergy.com/annotated-ppa-index.php.

Publication date: 12/10/2012

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: Matt Barga

Matt Barga, portfolio manager — a/c and coils, Ingersoll Rand, discusses how the company is working to comply with the new energy conservation standards for heat pumps and air conditioners that go into effect on Jan. 1, 2015. Posted on Dec. 19.

More Podcasts

ACHRNEWS

NEWS 12-22-14 cover

2014 December 22

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

HVAC TECHNICIAN SHORTAGE

In order to bring more people into the trade and produce more technicians, what should the industry do?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con