SolarFlair Case Studies
Westborough Solar Farm
SolarFlair Energy, Inc. teamed up with Forrestall Enterprises, Inc. to build this 240 KW Solar Farm in Westborough, MA. Over a three month period they transformed an under-utilized lot of land into a renewable energy generation plant. The system is connected to the utility grid and will convert the natural energy of the sun to clean reliable electricity. The energy generated will be applied to company owner Bruce Forrestall’s utility accounts for the businesses and residential developments he owns in the area. This is an innovative way for commercial businesses to lower their operating costs, help reduce our dependency on fossil fuel, and educate the community about the current and future opportunities for clean energy technology.
This project has an estimated return on equity of 16.5%. Forrestall Enterprises will benefit from the ARRA Federal Stimulus 1603 Treasury Grant and the Massachusetts Solar Renewable Energy
Certificate (SREC) program. The 1603 Grant will cover 30% of the project cost and will be paid within 60 days of project completion. In addition, for each KWh produced by the PV system, Forrestall will earn a Solar Renewable Energy Certificate (SREC) which can be sold to electric utilities needing to meet state renewable energy mandates. Over the next 10 years the SREC market projects to add between 30 cents and 60 cents to the value of each KWh of electricity produced by solar, dramatically reducing payback periods and improving the return on investment for solar system owners. The system will generate over $5,000,000 in savings and revenue over its 30 year expected life.
- 856 Suntech STP-280 solar panels
- oneSGI 266 invertersystem will produce
- 8.28 million kilowatt hours (KWh)
- displacing 7.5 million pounds of carbon dioxide
- equivalent to powering 45 typical homes for 30 years
- or driving 400,000 miles in an SUV.