$0 down financing enables WestGate Church to be cash-flow positive from day one
SANTA CLARA, Calif., July 30, 2014 – Vista Solar today announced the completion of a 153-kilowatt solar power system for WestGate Church.
The system, which was designed and installed by Vista Solar, is expected to offset WestGate's electricity bill by nearly 95 percent, and generate more than 250,000 kilowatt-hours of clean energy each year, the equivalent of powering 24 homes.
Vista Solar secured a $0 down, 15-year power purchase agreement (PPA) which allowed WestGate to be cash-flow positive from the start and is expected to save the church nearly $16,000 annually.
"Solar was a smart move for us financially, a no-brainer," said Executive Pastor Dan Perkins of WestGate. "The savings we are realizing provides another way for us to help tip the scales toward generosity as we increase our bottom line."
With more than 2,500 congregation members at two South Bay area locations, savings generated by the high efficiency SunPower solar system will help WestGate continue to run its annual "local compassion" programs and pursue its goal to give away 50 percent of the church's budget, according to Perkins.
As part of the PPA agreement, Vista Solar will monitor the system for 15 years to ensure it is performing at or above expectations. Since the system sits on two pitched rooftops at the church's San Jose facility, Vista Solar is using state-of-the-art online monitoring software which enables detailed visibility of both arrays from one platform, and provides system performance alerts.
"Vista Solar was an excellent partner," said Perkins. "We were extremely impressed with their professionalism and efficiency. I would highly recommend them to anyone considering solar."
The solar energy components for this system included SunPower X-Series solar panels delivering efficiencies of 21.5 percent, SMA Tri-Power inverters, Locus monitoring software, and a ProSolar racking solution.
About Vista Solar
Vista Solar is a California commercial solar electric design and installation firm, which specializes in analyzing commercial and agricultural utility rate structures and optimizing solar system designs to generate the maximum energy bill savings for our clients. With over 100 solar installations and +9 megawatts of solar power systems installed across California, Vista Solar has a demonstrated ability to deliver solar solutions that generate dependable energy production and significant long-term financial benefits. For more information, visit http://www.vista-solar.com.
About WestGate Church
As a rapidly growing church with two campuses in the Silicon Valley, WestGate is a non-denominational Christian church that engages deeply within the community it serves. You can find out more about WestGate's beliefs, views and programs by visiting their website at http://www.westgatechurch.org.