Kingspan Solar Project to Save Town Over $40,000 a Year for 20 Years

Kingspan Energy, with financing from the Connecticut Green Bank, has commissioned nearly one Megawatt of rooftop solar at Carmen Arace Middle and Intermediate School in Bloomfield, Conn. completing its largest project in North America to date.

Kingspan installed 2,926 Hyundai panels on the roof of the school. The building covers approximately 170,000 square feet and is the largest energy consumer in the school district. Carmen Arace houses two schools under one roof, serving more than 500 students in grades 5-8.

The solar system will offset more than 80 percent of the school’s electrical use. The power purchase agreement (PPA) will provide a discount of more than 60 percent over the current electric rate and the PPA has a fixed 25-year term. Wayne Casper, Director of Facilities at Bloomfield Public Schools, said the project is expected to save more than $40,000 annually in energy costs and $1.1 million over 25 years. Casper said the district currently spends nearly $250,000 annually in energy costs at Carmen Arace.

“This project proves how schools and municipalities can utilize state funding sources to realize savings through solar energy, at zero cost to the end-user,” said Gavin Blower, Kingspan Energy General Manager. “We have seen considerable electricity rate increases in recent years so we are especially pleased that due to everybody’s work, the district will realize significant operating cost savings on its energy bills and avoid future energy price volatility with a low, fixed cost of electricity”.

The sustainability of solar energy along with the rising cost of electricity makes the cost of a solar-powered energy system equal to or less than that of traditional energy sources. This fact, coupled with growing concern over pollution from other energy sources, has made clean and renewable energy an increasingly attractive option for many consumers, including many school districts.

“The Connecticut Green Bank is excited to have worked with Kingspan Energy and the Bloomfield Public Schools to bring this project to fruition,” commented Connecticut Green Bank President and CEO Bryan Garcia. “Not only will the solar PV system on the Carmen Arace School provide significant cost savings but it also serves as a great example of how renewable energy is increasingly being embraced by municipalities and businesses across the state.”

Kingspan started working on the project in early June near the end of the school year, and workers wrapped up the project in late July. Casper gave high grades to Kingspan for its communication during the project.

“Kingspan was also great about providing status updates,” Casper said. “With some projects, it can be very hard to get information. Kingspan was terrific about providing continual feedback on timelines and updates to the project.”

About the Connecticut Green Bank
The Connecticut Green Bank was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut. The Green Bank’s success in accelerating private investment in clean energy is helping Connecticut create jobs, increase economic prosperity, promote energy security and address climate change. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.

About Kingspan Energy
A subsidiary of Ireland-based Kingspan Group, plc. The Kingspan Group operates in over 90 countries and has 10,000 employees worldwide. Kingspan Energy is the Group’s turnkey provider of rooftop solar PV systems and provides LED lighting solutions. The company provides end-to-end service – from design and engineering to construction and financing. Kingspan Energy’s customer portfolio includes projects that span a variety of sectors including mid- and large-sized commercial, non-profit and faith-based organizations, as well as municipal buildings and multifamily residential housing. For more information, visit www.kingspanenergy.us.

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