Southern Illinois Healthcare Turns to Nexamp for Community Solar Savings and Enhanced Sustainability
Southern Illinois Healthcare has signed a new long-term community solar agreement with Nexamp to save an estimated $119,000 per year while directly supporting the growth of clean energy on the grid.
Southern Illinois Healthcare (SIH), a multi-hospital system based in Carbondale, Ill., is raising the stakes on its commitment to sustainability through new long-term community solar agreements with Nexamp. The organization will save an estimated $119,000 per year while directly supporting the growth of clean energy on the grid. SIH is subscribing to three of Nexamp's community solar farms in Illinois: Pope Creek Solar in Aledo, Mound City Solar in Mound City, and Percy Renewables 1 in Percy. SIH's energy advisor, E4, presented the opportunity as a cost-effective way to advance the health network's mission.
The Nexamp solar farm will generate bill credits for every kilowatt-hour of energy produced. These credits will be applied to SIH electricity accounts in the Ameren service territory, offsetting its costs dollar for dollar. Each credit will be sold at a guaranteed fixed discount for the life of the agreement, providing predictable savings year over year.
"We see how important it is today for healthcare institutions to manage costs, but at the same time we are hearing how important sustainability is in their long-term strategies. This agreement with SIH gives them another tool they can use to maintain a leadership position in the region. Patient care is the top priority and we are pleased we can help our healthcare clients focus on what matters," said Joe Fiori, Director of Energy Sales, Nexamp.
Entities or businesses interested in learning more about commercial offtake should visit https://www.nexamp.com/power-purchase-agreements/.