Peninsula Clean Energy plans 1.7-MW of new IRA-assisted solar installments

• As one of the initial public agencies nationwide to utilize recently increased federal renewable energy incentives, Peninsula Clean Energy has actually reached innovative agreements with nine cities as well as the County of San Mateo to install solar as well as future battery storage space on public buildings.

Peninsula Clean Energy is executing 20-year power purchase agreements to mount 1.7 MW of solar energy on 12 public buildings in San Mateo County and also the City of Los Banos.

The agreements consist of solar power systems at the San Mateo County Human Services Agency Center in Redwood City; Atherton Town Hall; Brisbane Mission Blue Center; Colma Community Center; Hillsborough Public Works Yard; Los Banos Community Center; Los Banos Wastewater Plant; Millbrae Town Center complex; Millbrae Recreation Center; Pacifica Community Center; San Bruno Aquatics Center; and the San Carlos Youth Center. On top of that, a minimum of three communities will certainly be adding battery storage space to give backup power.

The solar energy setups are anticipated to be operational by the end of 2023 and deliver an estimated $17 million in lifetime energy savings to getting involved cities and also San Mateo County.

Peninsula Clean Energy is providing the building and construction resources and is among the initial to utilize the direct pay benefits included in the federal Inflation Reduction Act. This allows qualified tax-exempt project programmers to straight claim the full value of the 30% federal Investment Tax Credit without needing to share the worth of the credit with a tax equity companion. The result is a lower PPA cost and also higher energy savings for the cities as well as county facilities where these projects will certainly be installed.

" Climate adjustment is real and also it's impacting us currently especially. It's vital to our community and also the environment to broaden renewable resource projects as well as slash energy costs," said San Mateo County Board of Supervisors Vice President Warren Slocum, whose district includes the county's Human Services Agency Center. "The identification as well as coordination of these public industry projects are a practical demonstration of the benefits Peninsula Clean Energy brings to our communities."

" We wish to do everything we can to bring more renewable power online. With this innovative program, we take the concern of solar as well as storage space project development off of city and county personnel and also accomplish cost reductions with range," Peninsula Clean Energy CEO Jan Pepper stated. "This is a win for our customers as well as a win for Peninsula Clean Energy in remaining to execute on our public agency mission. Congress as well as the Biden administration have offered us a valuable tool with 'direct pay' under the Inflation Reduction Act."

A second round of the program is additionally currently underway, with Peninsula Clean Energy having actually completed styles and also interconnection applications for greater than 40 sites to set up approximately 15 MW of solar and also potentially battery storage systems across its service territory.