An unprecedented alignment of financial benefits exists now for water districts to significantly cut energy costs through large scale solarenergy development.
Projects up to 1 megawatt (MW) can be developed now with little or no money out of pocket for your water district. However the fuse isshort! On 12.31.11 this window closes.
Industry veteran, Mo Rousso, will address water district management at an upcoming “Lunch and Learn” at the Bakersfield Marriott Hotel, May 18 at noon, hosted by HelioPower, a leading California solar development firm.
"Water districts and agencies have a tough job. Their directors andconstituents mandate cost containment and rate caps, while requiringservice levels to remain high,” said Mo Rousso, Founder and ChiefTechnology Officer at HelioPower. “Energy has always been a significant operating cost water companies struggle to manage, especially as theelectric utilities raise rates each year.”
Mr. Rousso, a renewable energy veteran and engineer with more than 20 years of experience helping utilities and water districts make their organizations more cost efficient while preserving service levels, will be the featured speaker at the May 18th “Water Districts & Solar” event.
His expertise will assist water district management to understand how easily renewable energy can be integrated into their operations and how they can leverage solar to cut one of their largest operating costs,energy.
Mo’s presentation is designed to help attendees understand thecurrent financial and regulatory environment and how they can leveragethis soon-to-expire opportunity.
“Fortunately, there are ways to mitigate energy costs and increasesand keep more money in the your (water districts”) annual operatingbudgets,” Rousso continued. “Affordably generating some or all of yourown energy in a low risk and reliable manner is available to you. Iwelcome you to join me for lunch as we begin to discuss your options."
HelioPower financing gives empowers water districts to leverage twokey financial incentives they would not normally be able to exercise tooffset the cost of solar:
- The Federal ITC 1603 Treasury Grant in Lieu 30% offset which expires 12.31.11.
- MACRS (Modified Accelerated Cost Recovery System) 5 year, 85% depreciation schedule for solar.
Large scale solar installations can now offset electricity bills fordispersed meters. CA AB 2466 allows water districts to develop up to 1MW of solar power and offset multiple location meter bills throughvirtual net metering.
For more information about the event go to the HelioPower “Water Districts & Solar” event page.
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