Scotts Valley, CA (PRWEB) May 03, 2012
Session Solar, a leading solar distributor, specialist in solar project development, and manufacturer of Creotecc Solar Mounting Systems, today announced that its installation partner, Elite Solar of Chico, CA, has broken ground on a 501 kW solar project for the Thermalito Water and Sewer District in Oroville, CA. It is expected to save $3.8 million in electricity costs over 25 years.
"Thermalito Water and Sewer District is excited for this solar project to be under way. The District is not viewing this as a revenue source it is viewing this as a cost avoidance tool. This is one way that the District can provide a reliable and safe domestic water and wastewater service at the same time, control its rising cost of electricity that it is burdened with," said Jayme Boucher, General Manager of Thermalito Water and Sewer District.
When completed, there will be a total of two individual solar systems installed at separate locations: a 481kW ground mount at the treatment facility and a 20kW roof top at the District office. The project being installed by Elite Solar, will utilize the innovative Creotecc Mounting System featuring an advanced insertion rail which secures modules without clamps and dramatically reduces the installation time of projects. The ground mount will consist of American made products including 2,048 SCHOTT Solar modules on a CREOTERRA mounting system and PV Powered inverters. The system will be monitored by Solar-Log and span across 2 acres of open space at the TWSD plant. The 481kW system is designed to eliminate 100% of the electricity bill and generate enough electricity to power approximately 100 single family homes.
“The Thermalito Water and Sewer District investment in solar will yield positive cash flow from day one. Expected PG&E savings will far outweigh the payments from the tax-exempt municipal lease used by the district to finance the project,” says Cale Garamendi, Project Developer of Session Solar.
While Elite Solar is responsible for constructing and maintaining the solar facility, Session Solar secured financing for the project, prepared the feasibility study, and sourced the equipment. Additionally, Elite Solar was able to help the District secure a performance-based California state incentive which is expected to provide the district with a total of more than $280,000 spread over the first 5 years of operation. Most importantly, the system is expected to completely eliminate the District’s electricity bill. A combination of PG&E savings, California Solar Initiative rebate revenues, and low-interest municipal financing will result in more than $3.8 million of positive cash flow over the 25 year life of the system.
“Working with TWSD and Session Solar to bring this project together has been a great experience. The commitment by all parties involved to bring a top notch solar project to fruition was evident throughout the process,” said Kirk Short, Owner of Elite Solar.
The TWSD project was made possible by combining Elite Solar’s extensive installation experience with Session Solar’s access to high-quality solar equipment and affordable project financing. Session Solar offers a project partnership program as a service to contractors working to bring projects to the finish line. The TWSD solar project is just one example of the success of Session Solar’s project partnership model.
About Session Solar
Session Solar is a leading wholesale distributor of solar photovoltaic (PV) products, project partner, and manufacturer of the Creotecc Solar Mounting Systems. Founded in 2007, Session Solar is supported by parent company Wurth Solar, a global pioneer in CIGS thin film technology, European wholesaler and project developer.. For further information, please visit Session Solar's website at http://www.sessionsolar.com.
About Elite Solar
Installing over 1.2 megawatts in combined residential and commercial projects since its start in late 2009, Elite Solar has quickly become one of Northern California’s leading solar installers. Its owner, Kirk Short, the sales team and the installation crew bring a combined 20 plus years of professional experience to the industry. A privately held company, Elite Solar is dedicated to providing exceptional energy solutions to its customers. Visit our photo gallery of completed projects online at http://www.elitesolarca.com.
About Thermalito Water and Sewer District
Thermalito Water and Sewer District formally known as Thermalito Irrigation District was established in 1922. The District delivered irrigation water to its customer located NW of Oroville, California. Since that time, the District has evolved into a domestic water and wastewater collection service provider. In 2008, the District changed its name to Thermalito Water and Sewer District to better identify its services to which it provides. TWSD is a public agency which employs 11 full-time employees and has a Board of Directors consisting of 5 elected officials voted in by their Division. Currently the District provides service to a population of just under 10,000.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as "expected," "will" and similar expressions to identify forward-looking statements in this press release, including forward-looking statements regarding (a) Thermalito’s expected ownership of the completed power system; (b) expected cost savings of the power system; and (c) Elite Solar building and operating and maintaining the power system. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) construction difficulties or potential delays, including obtaining land use rights, permits, license, other governmental approvals, and transmission access and upgrades, and any litigation relating thereto; (ii) increasing competition in the industry and lower average selling prices, and impact on gross margin; (iii) timeline for revenue recognition and the impact on the company's operating results; (iv) the risk of continuation of supply of products and components from suppliers; (v) unanticipated problems with deploying the system on the site; and other filings with the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.