Project Expected to Cut Operational Costs, Set Educational Standard for Energy Future
LOUISVILLE, Colo., April 26, 2013 -- RGS Energy, the
Smart Energy Capital (SEC), are helping Church Farm School in Exton,
Pennsylvania save hundreds of thousands of dollars in utility costs, while
significantly reducing their greenhouse gas emissions, with the installation
of a 1.1 megawatts (MW) solar array to power its campus.
The $3.2 million project was paid for in part by a grant of $1.19 million
from the Pennsylvania Department of Environmental Protection.
The remaining balance of the system is being financed with a power purchase
agreement (PPA) through SEC. RGS Energy will maintain and monitor the array.
The photovoltaic solar system, comprised of over 3,500 solar panels, is
expected to produce nearly 1.5 million kWh of electricity per year. The
clean power generated from the ground mount system, installed on five acres
of school land, will supply approximately 75% of the school's electrical
needs and provide Church Farm students and faculty an on-site source of
renewable energy and exposure to best practices in sustainability.
"Our students have a real life laboratory to explore and learn more about
their energy future," said Head of School, The Reverend Edmund K.
Sherrill. "That we reduce our energy costs along the way is an added bonus
since it will redirect dollars spent on energy to our school's mission that
provides such a great education at little to no cost."
According to RGS Energy General Manager Tim Seamans: "Church Farm School's
solar installation sets a standard for other schools and businesses to
follow. Solar energy is a truly cost effective way to reduce operating costs
while reducing environmental impact."
Over the system's lifetime, the school will reduce its greenhouse gas
emissions by over 46 million pounds of CO2, which is the approximate
equivalent of planting half a million trees or taking 52 million miles of
automobile traffic off the road (according to the EPA calculator).
RGS Energy has designed and installed over 50 MW of solar power on schools,
universities and colleges across the nation.
About Church Farm SchoolThe Church Farm School is a private secondary school
in Exton, Pennsylvania and is a designated historic district on the National
Register of Historic Places. The Church Farm School prepares a diverse group
of boys with academic ability and good character to lead productive and
fulfilling lives by making a college preparatory education financially
About Smart Energy CapitalSmart Energy Capital, LLC
(www.smartenergycapital.com) is a leader in the financing and development of
solar energy projects for commercial, government and utility customers. The
Company manages the development, financing, installation and operations of
distributed power plants throughout the United States. The Company maintains
extensive relationships with a wide range of lenders and investors.
About Real Goods Solar and RGS EnergyReal Goods Solar, Inc. (RSOL) is one of
the nation's pioneering solar energy companies serving commercial,
residential, and utility customers. Beginning with one of the very first
photovoltaic panels sold in the U.S. in 1978, the company has installed more
than 14,500 solar power systems representing over 100 megawatts of 100%
clean renewable energy. Real Goods Solar makes it very convenient for
customers to save on their energy bill by providing a comprehensive solar
solution, from design, financing, permitting and installation to ongoing
monitoring, maintenance and support. As one of the nation's largest and most
experienced solar power players, the company has 15 offices across the West
and the Northeast. It services the commercial and utility markets through
its RGS Energy division. For more information, visit RealGoodsSolar.com or
RGSEnergy.com, on Facebook at http://facebook.com/realgoodssolar and on
Twitter at http://twitter.com/realgoodssolar.
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