Green Street Solar Power, a solar sales, finance and installation company located in the Bronx, NY, has begun construction on a 4.1-megawatt high efficiency PV system in West Bridgewater – the largest single rooftop installation in Massachusetts. The system will be used to offset the electric bills for the entire public school system in Attleboro, Massachusetts. Green Street Solar Power plans to own and operate the system long term.
“We are thrilled about going solar with Green Street,” said Marc Furtado, Director of Finance for the Attleboro Public Schools. “Not only will the district save millions over the life of the system, but we’re having a positive impact on the environment, and setting a great example for our nearly 6,000 students.”
As one of the largest roof-top commercial solar installations in the country on record, the system’s clean energy is projected to save Attleboro more than $3.5 million over 25 years, while the environmental benefits are equivalent to taking 18,850 cars off the road or preserving 700 acres of forest.
Scott Kerner, Green Street’s CEO, notes that “it’s projects like West Bridgewater that remind us why we got into the solar business. It’s incredibly rewarding to know that ultimately this project is benefitting kids, and we’re honored that the project will provide Attleboro schools with clean, reliable power for a generation.”
Financing for the project was provided by Seminole Financial Services, which focuses on originating debt and equity investments for renewable energy and multi-family real estate projects nationwide. Seminole’s finance programs include: short term (construction) and long term (mini-perm) loans for multi-family real estate and renewable energy; project-based equity for multi-family real estate; and tax credit equity for renewable energy transactions.
Chris Diaz, principal at Seminole stated, “The West Bridgewater Solar System is an excellent example of the positive impact solar can have on local schools and municipalities. Seminole is proud to be a part of this project with a great developer like Green Street.”
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