ROCKVILLE, Md.—October 25, 2018 — Six sites along the I-70 corridor in Colorado – including several towns, school districts and housing authorities (low income residents) – will benefit from a 10.3 megawatt (MW) portfolio of community solar, thanks to the collaboration between Pivot Energy and Standard Solar, two leading national solar companies.
“When Pivot Energy approached us with this portfolio of community solar projects, we were thrilled to partner with them and be a part of advancing Colorado’s leadership in community solar,” said Scott Wiater, president and CEO of Standard Solar. “Community solar is one of the great opportunities to bring solar to people who might not otherwise be able to put solar on their own roofs. It’s an exciting, yet underserved, segment of the industry. We’re aiming to change that reality.”
Standard Solar will finance, own, and maintain the six community solar gardens that Pivot Energy developed and constructed. Comprising both ground mount and rooftop arrays, the solar projects are expected to produce 18,644,960 kWh of energy. That is equivalent to offsetting the greenhouse gas emissions from 2,971 passenger vehicles driven for one year and CO2 emissions from 15,181,506 pounds of coal burned.
COmmunity solar is a fast-growing form of distributed generation (DG) solar that enables multiple subscribers to purchase a portion of the power produced and receive a credit on their electric bill. It has the ability to serve an estimated 50 to 75% of U.S. consumers who do not have access to conventional rooftop installations but want to reap the benefit of solar energy.
Four of the solar gardens are already 100% subscribed:
- 100 kW: located on land owned by Garfield Housing Authority, Parachute, Colo.
- 1 MW: located west of Silt, Colo.
- 2 MW: located on south side of Palisade, Colo.
- 2 MW: located in an industrial area in Grand Junction, Colo.
The projects in Parachute and Palisade are currently under construction while the Silt and Grand Junction sites will begin construction before the end of the year.
Two additional community solar projects located in Silt and Grand Junction are currently seeking subscriptions and will be built in 2019.
“There is strong customer demand for community solar because it saves money, generates clean local energy, and creates local jobs,” said Rick Hunter, CEO of Pivot Energy. “Many of our customers are municipalities and school districts that are balancing tight budgets and want to benefit from the savings provided by subscribing to our projects. Money they are saving by choosing solar can then be applied to budgets and can lead to additional teachers being hired, public parks being upgraded, or other useful benefits to the community.”
According to the Colorado Energy Office, Colorado leads the nation with nearly 70 community solar projects in operation generating more than 50 MW, with many more in development.
About Standard Solar
Standard Solar, Inc. is a leading solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions. With more than 100 megawatts installed, financed and maintained, Standard Solar is one of the most trusted and respected solar companies in the US. Owned by Énergir, a leading energy provider with more than $5.8 billion US in assets, Standard Solar operates nationally and is headquartered in Rockville, Md. For more information, please visit www.standardsolar.com
About Pivot Energy
Pivot Energy is a Denver-based solar energy company that is focused on helping accelerate the rapid transition taking place in the energy industry to a more decentralized and cleaner approach to power generation. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full commercial solar ecosystem, including retail customers, project developers, system operators, utilities, and financiers. The company develops, finances, builds, and manages community and commercial solar projects around the country. Pivot operates on a triple bottom line basis, measuring success by the positive impact to people, planet, and profit. Learn more at pivotenergy.net.
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