Energy Tax Credits
$7 Million
Megawatts
11.5
Total Project Cost
$25.5 Million
Project Partner
Lodestar Energy, LLC
Impact
Sustainability
Project Details
Solar for the Community
In partnership with Lodestar Energy, one of the most established Independent Owner Operators in the Northeast United States, NT Solar financed over $7 million in solar tax credit investments generated by the development of two community solar installations across Massachusetts and Connecticut. This is NT Solar’s 6th investment with Lodestar Energy.
Reaching mechanical completion in April of 2023, the combined 11.5-Megawatt ground-mount solar and solar plus battery storage systems will provide renewable energy to the City of Hartford along with six public housing authorities across Massachusetts which are responsible for nearly 3,000 affordable housing units.
The second installation, located in North Canaan, Connecticut, will participate in the CT Virtual Net Metering program and will supply electricity to the City of Hartford, CT, providing monthly electricity cost savings to the city while reducing the city’s reliability on fossil fuels.
Impacts
Environmental Sustainability
The combined 11.5 megawatt installations will generate an estimated 9 gigawatt-hours (GWh) over the life of the project, which:
1200 homes
Generates electricity to take 1200 homes off the grid
7 Million Pounds of Coal
Offsets burning nearly 7 million pounds of coal
7,000 Acres of Forest
Sequesters same amount of carbon as over 7,000 acres of forest
45 Million Gallons of Gas
Offsets emissions from 45 million gallons of gas annually
About Lodestar Energy, LLC
Partnership at Work
Founded in 2014, by Jeff Macel and Jaime Smith, Lodestar Energy’s goal is to develop great solar energy projects that are environmentally, socially, and financially successful. Since that time, Lodestar has successfully completed more than 30 projects with a
combined value of more than $200 million dollars, which offset more than 53,000 tons of CO2 and power the equivalent of more than 13,000 homes annually. To learn more about Lodestar Energy, click here.
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