Monday, July 12, 2010

ETS looking to score a 1.8 on its solar energy project

 ETS logo       Sunpower T5 Solar Roof

The organization that tests just how bright college-bound students are just got a bit brighter itself with the installation of a 1.8 megawatt solar energy system.

Educational Testing Service and SunPower Corp. have announced that the installation of a solar system on the roofs of ETS's Lord and Messick halls in Princeton, NJ and Z Building in nearby Ewing, NJ will be complete next month.

According to a joint press release, “the T5 Solar Roof Tile is the solar industry's first non-penetrating rooftop product that combines a high-efficiency SunPower solar panel, frame and mounting system into a single pre-engineered unit.

“The systems at ETS were financed through a SunPower power purchase agreement with Wells Fargo Bank. Under the agreement, ETS will host the systems and buy the electricity from SunPower at prices below retail rates, providing not-for-profit ETS with a long-term hedge against rising power prices with no initial capital investment. Wells Fargo owns the solar renewable energy credits and environmental benefits associated with the systems.”

ETS expects that the 1.8-megawatt installation will generate the equivalent of 10 percent of current electricity demand at the sites, delivering $1.5 million in cost savings over the next 20 years.

Several miles north of the ETS facilities, in South Brunswick, NJ, Sun Power Corp is installing a 4.1 megawatt solar roof system at Dow Jones' corporate offices on Route 1.

That system will comprise a rooftop installation with 522 kW capacity and 3.6 MW of elevated solar panels installed above parking areas. Once completed next year, this system is likely to produce the equivalent of 15% of the present electricity requirements for Dow Jones’s 200-acre campus.
The project is partially financed by means of the Solar Loan Program of PSE&G, through which PSE&G provides loans meant for solar energy.

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