4/28/2012 5:27:00 PM Prescott Valley officials to mark completion of solar project
Wilson Electric workers install some of the 8,000 solar panels at the tank farm site on the North end of Prescott East Highway in Prescott Valley Tuesday afternoon.
Photo courtesy Les Stukenberg
Prescott Valley Tribune
Town officials plan to mark the completion of a project that generates electricity for the water Tank Farm and the sewer plant by flipping on the switch Tuesday.
They scheduled a ribbon-cutting ceremony for 2 p.m. Tuesday at the Tank Farm, 3820 N. Prescott East Highway. The sewer plant is located off East Lakeshore Drive.
Town officials broke ground on the project this past Nov. 15 with a ceremony featuring its private-sector partners: Wilson Electric of Tempe and Prescott Valley; and Wilson's financial arm, Smart Energy Capital, with offices in San Francisco and New York City.
The town financed the installation of 13,524 solar panels at the Tank Farm and sewer plant through the renewable energy incentive program that www.aps.com">Arizona Public Service offers. The program offers financial incentives to customers who add renewable energy systems to their homes or businesses.
Smart Energy Capital joined with INDU Solar Holdings LLC of De Pere, Wis., and Wilson Electric to build the approximately 1.5-megawatt, ground-mounted fixed-tilt systems, a news release from the town states.
Smart Energy Capital financed the development phase of the project, and a project company that INDU Solar owns financed the installation.
Under the terms of a 25-year power purchase agreement with APS, the project company that INDU owns will sell 100 percent of the electricity that the panels generate to the town at a fixed rate.
The solar panels will produce 2.7 million kilowatt-hours of solar power within the first year, according to Smart Energy Capital. Smart Energy and town officials have estimated that the panels will cut the town's energy bill by $1.5 million over a 25-year period.