East Rochester School is partially powered by the sun, thanks to a rooftop solar array recently 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 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.
Full article available here: http://www.solarnovus.com/revision-energy-helps-new-hampshire-school-save-with-solar_N9372.html#atop
