Firm helping Maine towns catch some rays
In the News | April 24, 2013 |Posted by Fred Greenhalgh
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The Portland Press Herald reports on our program offering power purchase agreements to municipalities:
A Windham fire station is the latest of several municipal buildings in southern Maine that soon could be powered by solar panels through a collaboration with a renewable energy company.
ReVision Energy, which is based in Maine and New Hampshire, has been working with several towns to install solar panels on public buildings at no upfront cost.
On Tuesday, the Windham Town Council will hear a proposal by the company to install solar panels on the East Windham Fire Station on Falmouth Road — a project expected to generate enough electricity to power both that building and the North Windham Fire Station on Route 302.
Fortunat Mueller, co-owner of ReVision Energy, said solar power is a natural match with municipalities because they tend to stay in the same buildings for long periods of time and, thus, can realize savings.
But, unlike private companies that can recoup about half of the cost of installing solar panels through tax credits, municipalities don’t get any tax incentives because they don’t pay taxes, Mueller said.
“Towns effectively pay double” what private companies pay for the projects, he said, and because of that, they’re resistant to them.
That’s where ReVision comes in.
Since last year, the company has been forming agreements with municipal governments and not-for-profit groups in which ReVision installs, owns and operates solar projects on their buildings and sells the power to them.
Because ReVision is a private company, it gets reimbursed through tax credits. When the credits from the project stop coming in, the company will sell the system to the building’s owner for the remainder of the cost.
Full article available at: http://www.pressherald.com/news/firm-helping-towns-catch-some-rays_2013-04-23.html
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