Details on the solar farm: The 1 megawatt solar array holds 5,040 solar panels on a 5 acre field. The single-axis tracking system follows the sun throughout the day to maximize electricity production. The electrons generated flow straight into the utility grid to provide clean renewable energy from a local source for customers of Progress Energy (talk about a win-win!)
The solar array is estimated to provide power for approximately 150 - 200 homes. The system eliminates more than 1,600 tons of CO2 per year, and is equivalent to eliminating CO2 emissions from the consumption of more than 167,000 gallons of gasoline. (Wow!)
SAS sells the power back to Progress Energy through a power purchase agreement (typical agreements are for 20 years, but
Interesting trivia:
- Solar electric is not a new concept.
- The 5 acre, 1 MW solar farm only took 3.5 months to construct and begin producing electricity
- SAS has a herd of sheep to keep the grass trimmed in its open fields. How VERY cool! Saves on emissions, and is a much more natural way to keep the grass short and the weeds to a minimum.
- The constructed cost was less than $10 million, with a payback period of less than 10 years
Southern Energy Management works as a partner in these installations by helping clients make decisions based on the economics. SEM creates rigorous financial models for its clients to determine payback period, ROI, IRR, and other tools to help companies interested in solar energy determine a system that fits their specific financial needs. Bob Kingery was flush with detailed information on tax credits, ARRA grants, tax depreciation, RECs and other information (read: you should include your favorite accountant in any decision regarding a solar installation)
SAS should really be commended as a leader in business and in the area for making this investment and figuring out how they could make an impact on the environment. Other sustainability-focused activities at SAS:
- Green initiatives that engage and empower employees
- Corporate social responsibility program that gives back to the community
- Advanced recycling programs on campus (can you believe some companies still don't recycle paper?!)
- Composting program that diverts the food waste generated from the multiple cafes on campus out of the waste stream. Interested employees will get free compost from the program
- Waste cafe cooking oil is converted into biodiesel
- Low flow shower heads, toilets and fixtures
- Irrigation systems that reduce water use
- Committed to green building
Another item of interest is SAS is constructing its first LEED building on campus, Building C. They are pursuing LEED Silver and will have some remarkable features such as green roofs, and nearly 80% open space. And, for your inner HVAC geek, they are estimating a 19.7% energy efficiency ratio. Incredible! Stay tuned for more information on Building C.
SAS should really be recognized for their commitment and investment in becoming a sustianably-focused business. Thank you to all, especially our tour guides from Southern Energy Management.
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