Palo Alto Goes Solar

Deep in the heart of Silicon Valley is the city of Palo Alto, where solar recently became the cheapest in the country.

 

A municipal utility recently approved 80 megawatts in solar power purchase agreements (PPAs) to meet approximately 18 percent of the city’s load, and essentially provide power for all 65,000 Palo Alto residents. The price is 6.9 cents power kilowatt-hour for the 30-year PPA.

 

“The price compares to the typical market price referent and would seem to be able to take on prices paid for natural gas or wind. The projects still include the 30 percent federal Investment Tax Credit.”

The three solar projects selected will come on-line in 2017, and Palo Alto will generate almost half of its electricity from renewables.

Source: Green Tech Media

By Gaylen Davenport

This entry was posted in Blog, Renewable Energy and tagged , , on by .

About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.