The Anchor Center for Blind Children, Colorado’s solely nonprofit devoted to serving younger youngsters who’re blind or visually impaired, has taken a significant step towards sustainability and monetary resilience with the completion of a 128-kWDC rooftop photo voltaic array in Denver.
The flush-mount photo voltaic system, designed and put in by Namaste Solar is projected to avoid wasting the not-for-profit $1,055,393 over its 30-year lifespan. These financial savings will immediately help the Anchor Middle’s nationally acknowledged packages from early intervention to remedy and household teaching.
The undertaking’s funding mannequin features a $244,000 grant from the Metropolis of Denver’s Renewables and Resiliency program, $139,356 in Renewable Power Credit from Xcel Power, $14,550 from Xcel’s Photo voltaic Rewards program for nonprofits, and roughly $110,000 in federal elective pay tax credit made attainable by the Inflation Discount Act. Moreover, it’s calculated that the photo voltaic array will yield $547,487 in complete utility financial savings over the system’s 30-year estimated helpful life. Thanks to those mixed financial savings and incentives, the group breaks even on its funding in yr one and stays money move constructive for the lifetime of the system.
“This undertaking is about a lot greater than photo voltaic panels. It’s about guaranteeing that extra youngsters obtain the life-changing providers they want,” mentioned Meghan Klassen, government director of Anchor Middle for Blind Kids. “With the help of Metropolis of Denver grant funding, federal Elective Pay, and Namaste Photo voltaic’s experience, we’re in a position to put money into clear power and put vital financial savings again into our mission.”
The undertaking additionally supplied a lift to Colorado’s clear power financial system, supporting over 15 native, good-paying jobs throughout set up.
“As an area, mission-driven cooperative, we consider photo voltaic power ought to empower the communities we dwell and work in, and this undertaking is an ideal instance,” mentioned Rachel Mountain, co-owner and director of economic gross sales at Namaste Photo voltaic. “Anchor Middle is reworking lives, and we’re proud to be their associate in creating long-term financial savings by means of renewable power.”
Information merchandise from Namaste Photo voltaic
