Saint Joseph of the Palisades High School of West New York, N.J., part of the Archdiocese of Newark, has contracted with WorldWater to purchase electrical energy for 10 years generated by a solar electric system.
The solar panel array will be installed on the school’s roof. Under WorldWater’s Alternative Clean Energy Services (ACES) plan, St. Joseph’s will not incur any start-up costs for the installation and the school will receives a 10% discount on their cost for power compared to their electric rate. The installation of the solar energy system at the school guarantees that the school will save money on electric costs immediately and on a long-term basis. The construction value of the project is $1.3 million.
WorldWater & Power Corp. will design, install, own and maintain the solar energy system on St. Joseph’s roof. The school will remain connected to the electric grid and will receive power from both the utility and its solar rooftop unit.
“We expect our solar power will offset approximately 50% of the school’s electricity and they will be buying that solar power at a 10% discount below their utility rate. Over the next 10 years, they will save a significant dollar amount for the school to put to other beneficial uses,” said Quentin T. Kelly, Chairman of WorldWater & Power Corp.
In New Jersey, customers of electrical utilities can generate their own on-site solar power and receive kilowatt-hour for kilowatt-hour “net metering” credits for the power they return to the utility company. School buildings are particularly well suited for solar installations, because they usually have large, flat roofs and the solar panels used by WWPC can be installed to optimize solar energy collection — turning an empty spot into a revenue producing asset.
With WorldWater’s ACES plan the customer assumes no risks, no start-up costs and no membership fees. The ACES plan guarantees the customer savings from the first day of service and every day thereafter for a minimum of 10 years. At the end of that term, the customer has the option of continuing to buy solar power at a discounted rate or buying the solar system at a reduced price to reap even more savings on electric cost. The ACES Plan allows customers to choose clean reliable solar energy instead of settling for traditional utility power and increasing utility rates.
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