Solect Energy to Head PowerOptions Small Scale Solar Initiative

by | Oct 9, 2015

solectPowerOptions, an energy-buying consortium in Massachusetts, has chosen Solect Energy to head its Small Systems Solar program.

The program is a follow on to the Large Scale Solar program. According to PowerOptions, the new program offers nonprofits and governmental entities pre-negotiated, competitively priced solar power deals structured to take advantage of existing tax incentives. The targeted projects are less than 300 kW.

Solect Energy is a full service solar photovoltaic project developer and installer based in Hopkinton, MA. The program is consistent with the state’s goal to encourage organizations between residential and large commercial businesses to take advantage of solar options based on 20-year power purchase agreements.

A report from the U.S. Department of Energy’s Lawrence Berkeley National Laboratory says that the utility-scale solar sector is closing in on the natural gas industry on cost. The study, “Utility-Scale Solar 2014; An Empirical Analysis of Project Cost, Performance, and Pricing Trends,” was reported upon at Energy Dive. It found that the median price of a PPA was $3.10/watt (AC) last year, which was 50 percent lower than the price in the 2007-2009 time frame and 37 percent lower than in 2020.

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