SolSolution – Solar Energy 4 Education
SolSolution, an interesting not for profit venture helps schools take control of electric costs by providing solar power systems at no upfront cost to a school, through a power purchase agreement (PPA). A PPA is a contract between a organization and investor to install a solar power plant on the schools roof for no upfront cost in return for a lower electric rate per kWh then the school would receive from the utility company. Schools can instantly lower their electric rates and save hundreds of thousands of dollars to reinvest the savings back into their students.
A great solution for the american school system! According to the SolSolution Website:
“SolSolution’s innovative, nonprofit business model allows us to:
• Increase the quality of education in schools by providing them with additional financial resources.
• Generate clean, renewable, carbon-free electricity.
• Support the solar installer industry.
Many school districts spend anywhere from $1 million to $60 million per year for electricity. We enable a massive shift in the use of these funds. For underprivileged schools with limited educational resources, such a shift in funds can make a world of difference! Imagine your local school creating a new art studio, a science and engineering lab, and hiring additional teachers (or paying the great ones what they’re worth!).”
I spoke to Soren one of the Directors of SolSolution today, Sorren Harrison who is very passionate about SolSoltions’s initiative said the non-profit organization has selected their first school in which are raising funds and awareness about helping Big Bear High School in California control their electric expenses through solar power. A pre-analysis and financial feasbility study has been completed and now the group is looking for donations and support from the community to get this project completed sucessfuly.