Vermont utility Green Mountain Power, financial services firm National Life Group and renewable energy developer Green Lantern Capital have completed four community PV installations located throughout Vermont.
The projects were installed at the Poor Farm in Rutland, Vt.; Cold Hollow Cider Mill in Waterbury, Vt.; Woods Market Garden in Brandon, Vt; and a location in Williston, Vt. In all, the solar projects, funded through combined resources from the various parties, total 600 kW in output.
AllEarth Renewables, manufacturer of the dual-axis AllSun Tracker, also worked with the host customers.
‘This represents a new paradigm for solar financing in Vermont,’ says Luke Shullenberger, founder and CEO of Green Lantern Capital. ‘With incentive programs drying up, innovative financing will become increasingly important to solar vendors and host customers. And by pooling funds at this kind of scale, we greatly improve the economics of solar.’