Upstate New York is receiving another jolt of solar energy with a new community solar acquisition. Catalyze Holdings, LLC. recently announced that it would be taking over two facilities developed to provide solar power to the community. The Boulder-based renewable energy provider purchased the duo of installations for an undisclosed amount of money.
Catalyze’s new community solar acquisition was for a pair of facilities that could hold a total of 13-megawatts. As with most community solar projects, the two installations were designed to generate clean solar energy for homeowners and small businesses throughout unspecified bureaus of upstate New York. The generation of renewable energy will be pumped into the local grid and used to power homes and businesses at a lower cost. Catalyze’s announcement also specified that towns and larger institutions could take part in the community solar.
Catalyze CEO Steve Luker explains that the community solar acquisition is an example of how the clean energy producer works to hasten the development of new projects. He stated that the company’s operations software, REenergyze, is a cornerstone of the acquisition as it provides all involved parties the ability to log onto one site and access analytics. REenergyze also provides detailed economic models and a means of automatically developing proposals.
Once the community solar acquisition is finalized, Catalyze Holdings will man the 13-megawatts of community solar and start bringing in local subscribers. These subscribers will sign up to a unit of the facility, typically broken up into energy used. For being part of the program, they will receive a monthly credit toward their utility bill that typically reduces the cost by around 10%.
Community solar facilities have shown across the nation that they serve an economic and environmental purpose. The new facilities in New York will help Governor Cuomo achieve the goal he set to achieve completely carbon-free power by 2040.