NE Firms Renew Partnership to Develop Solar Projects

Hopkinton, MA – Solect Energy, a full-service commercial-scale solar developer and installer in Massachusetts, and PowerOptions, an energy-buying group in New England, announced the renewal of their multi-year partnership.

Solect will continue to lead PowerOption’s Small Systems Solar program, providing savings and certainty for local communities, state owned buildings, and not for profits. The completed projects to date are estimated to save $20 million for PowerOptions members.

The Small Systems Solar program provides competitively priced and pre-negotiated contract terms for solar systems less than 300 kilowatts (kW), and reflects the benefits of leveraging the potential for multiple projects across the consortium made up of more than 400 nonprofit and public entities. The program will provide savings for members and a hedge against future cost increases over the life of the 20-year solar power purchase agreements (PPA).

The partnership is well timed to help public and non-profit organizations across Massachusetts as the Commonwealth rolls out its new solar energy incentive program (named SMART) with specific “adders” that significantly lower electric costs for the end customer, and it includes additional incentives for public entities. In addition, these organizations can take advantage of state grant opportunities like the Massachusetts Department of Energy Resources Leading by Example (LBE) grant program which delivers further incentive and direct savings for state entities that commit to clean energy initiatives.

Solect is also a certified prime contractor for energy management for the Massachusetts Division of Capital Asset Management and Maintenance (DCAMM).

You may also like