News from Your Amicus PPA Partner
As the preferred PPA partner of Amicus, you’ll be hearing from us quarterly with project updates and useful industry information. Read on for a recent success story with a fellow Amicus member, as well as other exciting initiatives underway at IGS. If you have any questions or feedback, I’d love to hear what you think.
—Patrick Smith, VP of IGS Solar
Partner Spotlight: Church at the Gateway, Staten Island, NY
Advancing Solar Production with IGS Solar
Church at the Gateway contacted Advanced Solar Products (ASP) for their ministry’s power needs. The last project component that was needed was customer financing. That’s when they partnered with us.
“It has been a great experience working with IGS Solar and Advanced Solar Products. Using clean energy and being environmentally responsible were important goals of our church, and with the team’s expertise, we’ve been able to make that happen. Our entire congregation is very pleased with the project.”
–Reverend Tim Mercaldo, Church at the Gateway
With a calling to be good stewards of the environment, the Church at the Gateway came to fellow Amicus partner, Advanced Solar Products, who reached out to IGS Solar for customer financing. A large array would be required to power the Church’s needs so a 17,000 square-foot solar canopy was constructed over their parking lot to combine covered parking with solar power generation.
IGS Solar was able to manage the client’s non-profit financials and establish a payment program that fit with the church’s vision. Our PPA made the entire process seamless and efficient while we also supported the project with marketing, press coverage, and customer relations.
At completion, there were nearly 1,300 solar panels on the canopy. This array will provide over 500,000 kWh per year—meeting nearly 80% of the power needed for the church.
Good To Know: Solar Financing
Differentiating PPAs from Solar Leases
A Power Purchase Agreement (PPA) is a powerful tool for making solar viable to an increasing percentage of the market. Due in part to state programs, tax incentives, and a growing market interest in going solar without the upfront expense, IGS Solar has built a significant presence in the third-party owned market. IGS is excited to expand this offering to a growing number of Amicus members.
Read on to learn how a PPA differs from a solar lease, and the advantages of a PPA for your customers.
It’s all about the customer
In simple terms, the PPA is an agreement to pay only for the power the system produces, rather than paying for—or leasing—the system itself. With a typical lease, the solar customer pays a flat monthly rate regardless of the power the system generates. However, with a PPA the owner of the system only charges for what power is produced. Therefore, if the system is not performing optimally under a PPA, the return on the system owner’s investment is impacted, not the customer.
Because the contract is performance-based, it’s in the PPA provider’s best interest to maintain the system to produce the maximum output and maintain the system at a high level. This will make most solar customers feel much better about their decision to enter into the agreement, as they understand their PPA partner shares the same commitment as they do. At IGS, we believe this model of shared incentives is the most consumer-friendly, flexible, and easy to understand.
Why PPA’s with IGS Solar
Working with us, your customers gain all the benefits of solar, including:
- No upfront costs for purchase or installation
- No ongoing maintenance costs
- Opportunity to acquire the asset at certain times of the contract
- Pricing stability with pre-defined rates for the life of the PPA
- Playing a part in creating a sustainable energy future
IGS News: Making an Impact
IGS Impact brings positive change
IGS Solar is an affiliate of the larger IGS brand-which comes with some really great perks. IGS Impact was launched at the end of 2015 as part of an employee-centric philanthropic initiative. We are looking forward to great things as we empower our employees to engage in causes they care about.
Giving back to the communities we serve can yield exponential results when we band together for a better future.
Year In Review
Projects of Interest
Below is a sampling of projects we completed in the last few months with fellow solar developers. We currently have projects online and in progress across the Northeast and are excited for what this year will mean for our customers and partners.
Cotting School, Lexington, MA
Pioneering as the first of its kind in the nation, this private, non-profit school for students with special needs is working with IGS Solar to finance, own, and operate a 364 kW solar array to provide for the institution’s power needs.
Proctor Academy, Andover, NH
Students at this private, co-ed, day and boarding school pushed for more sustainable energy on their campus. IGS Solar was instrumental in bringing 250 kW of solar power to 5 different buildings on their property.
Sturgis Charter Public School, Hyannis, MA
Located in Hyannis, Massachusetts, this tuition-free high school accepts students through a public lottery regardless of past academic records or individual challenges. Now, thanks to IGS Solar, the school’s two campuses are partially powered by solar. On a yearly basis, the East system will generate 136,000 kWh and meet 85% of East’s power needs while the West system will provide 160,000 kWh and deliver 52% of their power yearly.
Sussex County Fairgrounds, Augusta, NJ
IGS Solar financed, owns, and operates a 564 kW solar array across seven of the Fairground’s structures, which provides for the majority of the complex’s power needs.