Just five months after breaking ground, Prescott Valley, Ariz., along with several project partners, celebrates the completion of two major solar projects that have been designed to serve them solar energy for many years to come.
Town officials and participating builders and investors will be on hand for a ribbon cutting ceremony Tuesday, May 1. They will officially flip the switch, providing the town with an affordable, long-term energy source. The event will be held at the Tank Farm solar facility.
The installation was facilitated in part by the Arizona Public Service Renewable Energy Incentive Program. This program offers financial incentives to customers who add renewable energy systems to their homes or business. It is funded by APS customers and approved by the Arizona Corporation Commission.
Smart Energy Capital, a leading solar development and finance company, partnered with INDU Solar Holdings LLC and Wilson Electric of Tempe, Ariz., to build the approximately 1.5-MW DC ground-mount fixed tilt systems. The 13,524 solar modules, housed at the town’s water pump stations and wastewater treatment plant, will provide a significant amount of solar-generated power over the life of the projects.
“We are excited to celebrate the completion of the development and construction phase of Prescott Valley’s large solar energy projects and look forward to continuing to support solar development in Arizona,” said Smart Energy Capital Managing Partner Brian Weisman. Smart Energy funded the development phase of the projects and a project company owned by INDU Solar funded the installation. Under the terms of a 25-year power purchase agreement, the project company owned by INDU Solar will sell 100 percent of the electricity that the facility generates to the town of Prescott Valley at a fixed rate.