Project Overview
“Statewide Renewable successfully negotiated a power purchase agreement (PPA) with local utility Magic Valley Electric Coop (MVEC) on a 20-year basis. MVEC is particularly interested in this project as a pilot. Along with other Texas utilities, MVEC wants to engage renewables as a way to alleviate costs, hedge market volatility, and provide members with clean, renewable energy.
The site utilizes Array Technologies’ DuraTrack HZ v3 single-axis solar trackers, procured and installed by RPCS, Array’s trusted DG partner. Array’s mounting technology keeps the modules following the sun on its course throughout the day, ensuring up to a 20 to 25% increase in energy production over fixed-tilt systems. RPCS designs and installs Array tracker systems throughout the country, with hundreds of projects completed to date in the utility and distributed generation markets.”
Project Specs
Year 1 Electric Cost Savings
$128,000
Estimated Tax Credit
$1,310,000
Estimated Payback
6.5 Years
Property
Type: Commercial
Location: McAllen Texas
Size: XX,000 sq Ft
Financials
Tax Credits: $1,310,000
Year 1 Savings: $128,000
Estimated 25 Year Savings: $3,850,000
Estimated Payback: 6.5 Years
Technology
Type: Solar PV with Rapid Shut Down
Installed: 12/30/2022 (completed)
Size of System: 812kW
Purpose: Achieving Scope 3, Reduce Carbon Footprint, Annual Savings,
Additional Details
Products / Suppliers: Rexel USA, Qcells, Chint, APsmart, IronRidge
Installation Start Date: 11/15/2022
PTO Date: 1/15/2023
Axis Solar SFP Certified?: Yes