REgeneration Finance LLC has initiated construction on 3.26 MW of photovoltaic solar installations for the Buckeye Elementary School District in Buckeye, Ariz.
Project partners GV Enterprises, a local project management firm, along with CORE Construction Services of Arizona Inc., a national construction company with a regional office in Buckeye, and solar consultant Natural Power & Energy, began installation of the systems earlier this month. The project's seven sites consist of six schools and one district office.
Under the agreement with the school district, REgeneration Finance will develop, own, operate and maintain the solar project while selling the electricity generated by the photovoltaic installations to the district. REgeneration Finance will also take full financial responsibility for the construction and operation of the project, and will serve as the long-term owner of the photovoltaic systems.
The project is made possible by a utility rebate from Arizona Public Service as part of its Renewable Incentive Program. It will use locally made PowerOne inverters and be built with local labor provided by Core Construction.
