Upon the completion of PowerOptions’ RFP process, the company advised that SunEdison had been chosen to help the company develop and launch a new solar energy program for non-profit institutions in Massachusetts, including hospitals, universities, municipalities and other members of PowerOptions. The solar program will be similar to the model PowerOptions’ debuted for its electricity and natural gas supply programs, which will see the terms and conditions, as well as a pricing formula for each project, already in place.
“We are pleased to partner with one of the leading solar energy companies to bring the benefits of solar energy to our members in a seamless, cost-effective manner,” said PowerOptions President and CEO Cynthia Arcate. “Our members are eager to take advantage of this first-of-its kind program and we are confident they will see best-in-class pricing, conditions and advice as they get started.”
Additionally, the solar program will allow nonprofit organizations to benefit from tax incentives by having the developer share the benefits of the tax incentives with the nonprofits in the form of reduced electricity pricing. PowerOptions advised that it has been discussing the program with its members with several ready to take part in the program.