CHICAGO, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Verde Solutions, LLC, a full-service renewable energy development firm based in Chicago, is thrilled to announce a partnership with the Village of Minooka, IL, for a solar array at the Minooka Wastewater Treatment Plant. This solar project will reduce the energy expenses for the village while saving more than 20,000 metric tons of carbon emissions over its lifespan.
To finance the system, the Village of Minooka is entering a power purchase agreement (PPA) and will buy power at a discounted rate compared to grid power. Thus, the solar installation will result in instant savings for the village, yet it will make no capital investments into the project.
Verde Solutions brought together the team needed to make this project possible. For example, it secured a third-party investor to monetize the federal tax incentives for the solar system because the village is not eligible for them. Over the lifespan of the project, the town will save an estimated $533,549 over the 20-year agreement, lowering the operating costs of the wastewater treatment plant and saving residents' dollars.
"The municipal team and the Village of Minooka board saw that going solar was a great way to reduce expenses from the wastewater treatment facility," says Christopher Gersch, founder and CEO of Verde Solutions. "The Purchase Power Agreement structure allows communities like Minooka to show their commitment to sustainability and save money from day one of operation. Minooka was one of the first communities to take advantage of this great private-public partnership, but it will not be the last. Solar in Illinois for communities just makes sense."
The Village of Minooka is a southwest suburb of Chicago and has over 11,000 residents. Its wastewater treatment plant is energy-intensive due to the need to move millions of gallons of water before it is safely released into the environment. The treatment plant is also a prime location for a solar system because it has vacant land adjacent to it and is in full sun. Verde Solutions, a community leader in sustainability, designed the solar project with an access path and landscaping buffer consisting of native trees, to blend in with its surroundings.
"The Village Board, President and staff at Minooka are dedicated to achieving a more energy-efficient footprint for the benefit of our residents and the environment we share," says Barry Thompson, the Village of Minooka's Chairman of Public Works. "We began by replacing incandescent lighting in our buildings and streetlights with modern LED fixtures, reducing energy consumption and generating a substantial cost savings. Looking ahead, adding solar technology will deliver an even more robust, clean-energy footprint, while further reducing costs for village residents."
The Minooka solar project was made possible with collaboration between Verde Solutions, Fresh Coast Solar, BA Solutions, and the Village of Minooka municipal team led by Ryan Anderson. Fresh Coast Solar plans to install the solar array in the summer of 2022.
"The ability to use natural sunlight to save the Village money for the next 25 years is, may I suggest, a no-brainer," says Ric Offerman, Mayor of Minooka. "Don't forget your sunscreen."
About Verde Solutions:
Verde Solutions partners with businesses, municipalities, and educational centers across the country to develop comprehensive efficiency and renewable energy solutions. With more than 1,900 projects in 48 states completed, the turn-key energy consulting firm offers a customized set of solutions for each clients' needs including solar, HVAC, LED lighting, and cogeneration. Verde Solutions' passion for sustainability is shared by many of its Fortune 100 clients. Thus, it is proud to partner with these organizations to achieve significant and lasting improvements in environmental and social outcomes.
Media Contact: Nicole Ciesla, NiKnack Marketing, nicole@niknackmarketing.com
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Image 1: Verde Solutions Logo
Verde Solutions
Image 2: The Village of Minooka
The Village of Minooka
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