Energy Tax Credits
$12.4 Million
Megawatts
11.7
Total Project Cost
$33.6 Million
Project Partner
Summit Ridge Energy
Impact
Sustainability
Project Details
Community Solar Development
In partnership with Summit Ridge Energy, a national leader in Community Solar development, NT Solar financed over $12 million in solar tax credit investments for a portfolio of two community solar installations located in Maryland and Illinois. This is NT Solar’s second investment with Summit Ridge Energy and was made possible through NTCIC/NT Solar’s newly established Climate Impact and Revitalization Fund (CIRF). At 9.2 MW DC, the Bomber site will be the largest rooftop solar installation in Maryland
The community solar installations will provide renewable energy to thousands of residential users, each saving up to 10% of traditional energy providers. The installations are anticipated to generate 11.7 Megawatts (MW) of power.
Impacts
Environmental Sustainability
The installations will generate an estimated 574 gigawatt-hours (GWh) over the life of the project, which:
49,000 homes
Take 49,000 homes off the grid
450 Million Pounds of Coal
Offset burning 450 million pounds of coal
499,000 Acres of Forest
Sequester same amount of carbon as over 499,000 acres of forest
45 Million Gallons of Gas
Offset emissions from 45 million gallons of gas annually
About Summit Ridge Energy
Partnership at Work
Summit Ridge Energy is the leading owner-operator of U.S. community solar projects. The team has been a strong force within the U.S. commercial solar market for years and was instrumental in creating “virtual” solar power purchase agreements and associated financing structures. Summit Ridge Energy has leveraged this
experience to launch Summit Ridge Capital, a dedicated funding platform that acquires pre-operational projects within the rapidly growing community solar energy sector. Follow Summit Ridge Energy on LinkedIn and Twitter for updates, or learn more at srenergy.com.
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