Eastport Installation
New Solar Opportunities Through Maine’s Community Solar Program
NT Solar’s first investment with Prometheus Power Group will serve residential and commercial subscribers through Maine’s Community Solar program.
Energy Tax Credits
$43.1 Million
Megawatts
45.845
Total Project Value
$112.6 Million
Project Partner
United States Solar Corporation
Impact
Sustainability
Project Details
Affordable Clean Energy Solutions
In partnership with the United States Solar Corporation (US Solar), a developer, owner, operator, and financier of solar generation and storage projects with a focus on emerging markets and community solar programs, NT Solar provided an equity investment in the $43.1 million in Solar Investment Tax Credits (ITC) generated by the development of the solar sites located across Colorado.
Impacts
Environmental Sustainability
The 45.845 MW installations will generate an estimated 89 million kilowatt-hours (kWh) annually, which:
8,300 Homes Annually
Creates enough electricity to power nearly 8,300 homes each year.
49 Million Pounds of Coal
Offsets CO2 emissions generated from burning nearly 49 million pounds of coal annually.
44,000 Acres of Forest
Sequesters the same amount of carbon from the atmosphere as over 44,000 acres of forest.
5 Million Gallons of Gasoline
Offsets the CO2 emissions generated from 5 million gallons of gasoline annually
About United States Solar
Partnership at Work
United States Solar Corporation (US Solar) was founded in 2014 and focuses on developing and operating distributed solar in key Community Solar markets in Minnesota, Illinois, and Colorado. US Solar has originated over 235 million annual kWhs of community solar subscriptions with nearly 100 commercial/municipality
customers and over 4,000 residential customers. US Solar has over 150 MWs of community solar under construction or in operation. As of December 2023, US Solar has produced 562 million kWh of clean energy.
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Eastport Installation
New Solar Opportunities Through Maine’s Community Solar Program
NT Solar’s first investment with Prometheus Power Group will serve residential and commercial subscribers through Maine’s Community Solar program.
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Benn High is the sustainable redevelopment of a former school building into a vibrant community hub and housing.
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The Phillips Packing House on Maryland’s Eastern Shore is now a state-of-the-art LEED Gold hub of workforce development and aquaculture.
Want to Discuss Your Next Project? Talk With Our Team Today.
We bring clear insight, deep experience, and strategic focus to every project, whether you're structuring complex capital or shaping long-term, legacy-driven development.
Energy Tax Credits
$3.3 Million
Megawatts
1.31
Total Project Cost
$8.6 Million
Project Partner
Prometheus Power Group
Impact
Sustainability
Project Details
Affordable Clean Energy Solutions
In partnership with the Prometheus Power Group, a Michigan-based developer with a focus on Community Solar initiatives, NT Solar provided an equity investment in the $3.3 million in Solar Investment Tax Credits (ITC) generated by the development of the solar site in Eastport, Maine. This is NT Solar’s first investment with Prometheus Power Group and ninth collaboration with investor PeoplesBank.
The Eastport project will serve a mix of residential and commercial subscribers through Maine’s Community Solar program, offering a 15% fixed discount on all allocated bill credits. The project also qualifies for the 10% Domestic Content adder under the Inflation Reduction Act, supporting U.S.-based manufacturing by utilizing domestically manufactured panels.
Impacts
Environmental Sustainability
The 1.36 MW installations will generate an estimated 1.77 million kilowatt-hours (kWh) annually, which:
135 Homes Annually
Creates enough electricity to power nearly 135 homes each year.
860,000 Pounds of Coal
Offsets CO2 emissions generated from burning nearly 860,000 pounds of coal annually.
784 Acres of Forest
Sequesters the same amount of carbon from the atmosphere as over 784 acres of forest.
87,000 Gallons of Gasoline
Offsets the CO2 emissions generated from consuming 87,000 gallons of gasoline annually
About Prometheus Power Group
Partnership at Work
Prometheus Power Group is a developer and operator of community solar projects in the Northeastern, Mid-Atlantic, Midwestern, and Mountain West of the United States. The team has 150 MW in projects developed or in their near-term pipeline.
Prometheus led the acquisition of the Eastport project from the original project developer, MidCoast Solar LLC, to their operating venture, Nugenics Solar LLC. To learn more about Prometheus Power Group, click here.
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Want to Discuss Your Next Project? Talk With Our Team Today.
We bring clear insight, deep experience, and strategic focus to every project, whether you're structuring complex capital or shaping long-term, legacy-driven development.