SolarFlair Case Studies

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Gois Solar Farm

OVERVIEW

Gois Broadcasting had this 1 MW solar farm in Ashland, MA designed and built by SolarFlair Energy, Inc so they could cover their own electric bills and still have enough left to provide others with clean energy. The farm is tied to the utility grid and converts light from the sun into clean, reliable electricity. This is an innovative way to lower operating costs, help reduce dependency on fossil fuels, and showcase current and future opportunities for clean energy technology.

This project has an estimated return on equity of 16% and a payback period of four years. Federal and state incentives, namely the ARRA Federal Stimulus 1603 Treasury Grant and the Massachusetts Solar Renewable Energy Certificate (SREC) program, combine to dramatically improve the payback period and return on investment. The 1603 Grant covered 30% of the project cost and the SRECs are sold to electric utilities for $285-$500 for every 1,000 kWh the system produces. The utilities purchase these in order to meet state renewable energy mandates.

The installation includes Suntech STP-290 solar panels and one SGI 500 inverter manufactured by Massachusetts based Solectria Renewables. These products are among the most efficient in the industry. Over the next thirty years, this farm will produce over 30 million kilowatt hours (KWh) and displace more than 1,800 tons of carbon dioxide emissions. This is the equivalent energy needed to power 112 homes for 30 years or driving 5.8 million miles in a sedan.