SolarCity Corp (SCTY) Starts 1-Megawatt Solar System Project In CT Today
SolarCity Corp (NASDAQ:SCTY) has started building a 1-megawatt solar system project for the South Central Regional Water Authority in Hamden, CT. The ground-mounted solar system will include over 4,000 solar panels, which makes this project one of the largest in the state. The Regional Water Authority (RWA) will save money by paying less for the solar power than they’re currently paying for utility power. This will also help reduce pollution and water use.
“This solar photovoltaic system, one of the largest of its kind in Connecticut, will allow the Authority to be more efficient and lower our energy costs. These savings are passed on to our customers in the form of reduced rate increases,” stated Larry Bingaman, the Regional Water Authority’s President and CEO.
SolarCity has operations in Rocky Hill, Connecticut already and they will install, finance, and maintain the panels there. The 1-megawatt (mW) ground-mounted system will provide over 1.4 million kilowatt-hours (kwh) of energy each year, which will give enough power to support over 120 average-sized Connecticut homes.
“The South Central Connecticut Water Authority’s use of clean energy is not only saving money for rate payers, it’s also saving water by offsetting dirty energy sources that use water as part of the electricity generation process,” added Leon Keshishian, SolarCity’s East Coast Regional Vice President. “Solar makes sense for all types of businesses, municipalities and homeowners here in Connecticut.”