Blue Sky Power

Solar Energy

SolarSolar cells (also called photovoltaics, “PV”) absorb sunlight and convert it directly into electricity, and can be installed on a wide range of structures. PV panels are fast becoming the most prevalent way for institutions and businesses to tap into clean energy.

Solar panels are arranged into an array of multiple panels that, when combined with a DC-to-AC current inverter and other system components, delivers electricity to a business’s or institution’s electric distribution system. These types of solar arrays are known as “net-metered” or “distributed generation” PV systems. Blue Sky Power has extensive experience as an advisor and a project owner/operator in developing distributed generation solar arrays. More specifically, Blue Sky has developed numerous PV projects under the power purchase agreement (“PPA”) financing structure, whereby Blue Sky and its financing partners build, own, operate and maintain the project on a host’s rooftop, parking area or ground, while the host purchases the power produced by the system at substantial savings from utility electricity prices.

In addition to the savings of purchasing less power from the utilities, several states offer rebates and/or Solar Renewable Energy Certificates (SRECs) to individuals, corporations and institutions for electricity generated by the PV systems they install. These credits can be worth hundreds of dollars each on the various state SREC exchange markets.

Learn more about solar PV and how installing it could benefit your institution.


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