Albuquerque Academy $5 Million Solar Array Project Gallery

Albuquerque Academy Solar Panel System

PROJECT OVERVIEW:

  • The Albuquerque Academy Solar Array is the culmination of a $5 million dollar 90-day project consisting of over 5,000 panels.
  • It will provide over 2 million kilowatt hours of electricity to the school annually, about 25% of the schools energy use.

Financing

  • As a non-profit organization, Albuquerque Academy isn’t eligible for many of the renewable energy tax credits. Instead they are acting as a “solar host” for the array, which is actually financed and owned by third parties who are eligible for these credits.
  • The school provides the land for the array and promises to purchase the low cost energy for 20 years while the other companies put up the $5 million necessary to pay for the system.
  • This mutually beneficial collaboration will result in a dramatic reduction in the school’s energy costs and carbon footprint, all without cutting into the school’s operating budget.
  • What’s even better is that, as the price of traditional energy rises, the school’s annual savings will increase.
  • After 20 years, Albuquerque Academy will assume ownership of the array.