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Here are the top 3 reasons schools across the U.S. What are the benefits of schools or universities installing solar panels?įor those still wondering why their school should switch to solar power, there are a number of practical reasons beyond the desire to help the environment and reduce carbon footprint.
#Solar contractor expenses install
For a small or medium sized institution, it will make the most sense to install on-site – the school’s roof and surrounding grounds should provide ample space for a rooftop or ground mount installation. For large educational institutions that house thousands of students and provide offices for faculty, installing off-site is the best way to build a solar array that can generate power to meet a significant portion of electricity needs. Schools also need to decide whether to install an on-site or off-site system, which is determined by how much energy is needed and how suitable the school or university’s roof is for solar. However, depending on the contractor you work with, the economics could still make more sense to purchase the system in the end. As a result, the majority of school installations tend to use lease or PPA options to finance the system.
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Most schools are nonprofit institutions, which means they can’t take advantage of solar tax breaks.
#Solar contractor expenses how to
In terms of how to pay for solar, the primary debate is between buying the system outright or contracting with a third party owner using a lease or power purchase agreement (PPA). The stakeholder in charge of the request for proposal (RFP) for the solar installation will first need to review the options for both financing and installation.
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Depending on whether the switch to renewable energy is handled by an Office of Sustainability or general facilities and operations, there will likely be a committee designated to research and review solar bids and determine if the project is economically viable. When it comes to a major financial decision for an institution like a school, one thing is certain: the process will not be simple. How does the process work for schools and universities installing solar? Thus big entities like schools stand to save the most with solar.
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Various analyses such as our latest Marketplace Intel Report revealed that larger solar systems earn a bigger ROI. In this article, we’ll focus on schools and universities, explain why many educational institutions across the country are installing solar, how much solar costs for schools and detail how the process works.įor schools considering installing solar panels, the reality is that any big educational institution will have major utility costs. There’s already a strong case for residential rooftop solar, but you can make an even more convincing argument for solar in the commercial sector where prices are lower and overall savings can be dramatic. As solar has entered the mainstream in the past decade, corporations and institutions with massive energy bills have started to realize how much money they can save by switching to solar power.