News: Northern New England

ReVision Energy helps school with $250,000 rooftop solar array project

Rooftop solar array at East Rochester School - Rochester, NH Rooftop solar array at East Rochester School - Rochester, NH

Rochester, NH East Rochester School is partially powered by the sun, thanks to a rooftop solar array installed by ReVision Energy. The $250,000 project was financed through SunRaise Investments at no upfront cost to the school district. Local investors will own and operate the array through a Power Purchase Agreement (PPA).

The 86.8-kilowatt solar photovoltaic array became operational in September. It will generate approximately 81,345 kilowatt hours annually, providing 44% of the elementary school’s electricity needs.

The PPA gives the district the option to save money while offsetting its carbon footprint. Under the terms of the agreement, the district will buy solar power for six years at the same market rate as electricity from traditional fossil fuel sources. After the first six years of the agreement, the school may continue purchasing solar power through the PPA, or it may purchase the array at its fair market value and generate solar power at no cost.

Purchasing the system at year seven would result in a 20-year projected savings of approximately $53,000. Over a 40-year period, projected savings would total $442,000. The array has a lifespan of 40 years or more.

A flat-screen monitor will eventually be installed in the school’s lobby. It will track the performance of the array and serve as a real-time educational tool that will display solar electricity production and the positive environmental impact of the system.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary