California District To Save $18 Million with Solar

The Journal

The William S. Hart Union High School District in Santa Clarita Valley, CA is building a photovoltaic (PV) solar system designed to produce between $18 and $20 million in energy savings over 20 years.

PsomasFMG is providing the turnkey solar solution to help reduce energy consumption for nine of the district’s junior and senior high schools. The Huntington Beach, CA company arranged for project financing free of upfront costs to the school district and is managing installation of a 7 megawatt system of 30,400 PV panels that are expected to deliver more than 80 percent of the district’s energy needs. The ongoing construction schedule calls for the system to be completed and operational by the 2012-2013 school year, when the school district will begin to realize the cost savings of a 20-year Power Purchase Agreement with PsomasFMG, the partners said.