Massachusetts Groundmount – Housing Offtakers

Western Massachusetts
Total Eligible Credits
  • $17.0 million
NTCIC Sourced Financing
  • $6.4 million
shutterstock_401490898 [Converted]Megawatts
  • 7.3
# of Sites
  • 2
Investor
  • Regional Bank
Structure
  • Partnership Flip

THE PROJECT

  • Generates clean power for a variety of offtakers including four 4 MA public housing authorities, a health care provider, and two private housing developers with a focus on senior communities. The 20 year Net Metering Credit Agreements signed by each offtaker result in at least 30% savings against existing rates.
  • The ground mount fixed-tilt portfolio utilizes virtual net metering to deliver electricity credits from remote locations to contacted offtakers. The portfolio leverages the SREC I program and is expected to qualify as CRA for the Investor.
  • Each of the offtakers has strong financials, and the state of MA further back-stops utility payments for public Housing Authorities.
  • Experienced developer and well capitalizedEPC contractor. Independent Engineer, Appraiser, Accountant, and Counsel are industry respected, experienced providers.
  • Site control through long-term leases on various rural and suburban locations in Massachusetts.

 

For more information, please contact Karin Berry at kberry@ntcic.com