St. Louis-based Microgrid Solar and U.S. Bancorp Community Development Corp. (USBCDC), the community development subsidiary of U.S. Bank, are financing the installation and operation of up to 120 solar photovoltaic systems to benefit 56 nonprofit organizations.
Microgrid says each 25 kW solar installation will produce approximately 30 MWh of electricity a year, enough to save the nonprofits tens of thousands of dollars in reduced utility bills. St. Louis-area institutions receiving PV systems under the program include St. Louis University High School, New City School, the St. Louis Area Foodbank, the Missouri History Museum, Washington University and Paraquad.
The solar installations are taking place at additional participating nonprofits through December. The program is closed to new participants, but may re-open in the future.
‘This project totals 3 MW of solar power capacity that is being installed at some of the most well-known nonprofit organizations and schools in the St. Louis area,’ says Rick Hunter, CEO of Microgrid Solar. ‘We think this will have a major impact, not only for the organizations, but for improving awareness and education around solar in the St. Louis area generally.’
USBCDC says it works with solar installers around the U.S. to help businesses and homeowners add PV systems to their offices and homes. Microgrid has also installed solar power systems on 20 area USBCDC branches.
‘Reliable solar is a great investment for businesses, communities and financiers alike,’ says Dan Siegel, vice president of USBCDC.