We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The ground-mounted, 500-kilowatt system can produce 725,000 kilowatt-hours of energy per year, according to a press release from the university. It is the largest array on campus and CU’s first ground-mounted system.
The array was developed and built by Panasonic Eco Solutions North America with local support from Boulder-based Lighthouse Solar Inc., the release said. Financing was provided by a combination of Colorado Amendment 37 rebates and incentives via Xcel Energy Inc. (NYSE: XEL), as well as federal tax credits and third-party financing.
CU-Boulder will be able to purchase the panels in seven years and will be able to sell power back to Xcel Energy.
In total, panels on the CU-Boulder campus generate about 1,000 kilowatt-hours of energy, which is enough to power about 200 average-size houses.