Energy Tax Credits
$4.89 Million
Megawatts
6
Total Project Cost
$16.3 Million
Project Partner
Kearsarge Energy
Impact
Sustainability
Project Details
From Landfill to Solar Site
Located in Montague, MA, the project was developed by Kearsarge in partnership with the Town of Montague, the Town of West Springfield, MA, and United Bank. As part of the project, both towns will receive energy credits offsetting their electricity costs by an average of 15% over the next 20 years. The project is located on a landfill site and is expected to garner tax revenues on otherwise unproductive land over the life of the project.
Incorporating almost 15,000 individual solar panels, the site is situated on roughly 40 acres of underutilized land, an exceptional example of State, Municipal, and private sector collaboration. NTCIC invested in the 4.89 million Solar Investment Tax Credits (ITC) generated by the project.
Impacts
Environmental Sustainability
The 6 MW installations, which will generate an estimated 7,330,000 kilowatt-hours (kWh) per year of renewable energy annually which will generate enough energy to:
600 homes
Take 600 homes off the grid over the next 25 years
5.7 Million Pounds of Coal
Offset burning nearly 5.7 million pounds of coal
6,700 Acres of Forest
Sequester same amount of carbon as over 6,700 acres of forest
583,000 Gallons of Gas
Offset emissions from 583,000 gallons of gas annually
About Kearsarge Energy
Partnership at Work
Kearsarge Energy, based in Boston, Massachusetts, is New England’s fastest-growing renewable energy project development, finance, and renewable asset owner, with a dual mission to help build a more sustainable world and to provide superior returns for stakeholders and the environment. Having successfully developed and financed 150
MW and $450 million of solar since 2011, Kearsarge is focused on creating long-term value by working with local communities to meet the growing demand for commercial and utility-scale renewable energy projects. To learn more, visit kearsargeenergy.com.
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