Renewable energy company Green Lantern Solar has completed the construction of a 150-kW solar array in Bristol, Vermont. Bristol will be the off-taker of net metering credits generated by this array, providing a direct benefit to the town’s bottom line by reducing its electricity bills.
“The Bristol South project is a great example of how solar can be an integral part of Vermont’s working landscape,” said Ralph Meima, Green Lantern director of development. “The landowner operates a gravel pit on one part of the property and grows crops on other parts. The solar array is located on land that was unsuitable for either use, but perfect for local renewable power generation.”
Green Lantern has completed nearly 90 projects in Vermont, adding almost 40 MW of new in-state solar power to Vermont’s grid. Green Lantern’s projects are located in 66 towns throughout the state.
Most of these projects have been constructed through Vermont’s net-metering program, and directly benefit the school districts, towns and major employers throughout Vermont who use the net metering credits from these projects to save on their electric bills.
Aside from clean energy, these projects also generate lease payments for the property owners and tax payments to the state, and contribute to the burgeoning renewable energy sector, which according to state statistics, has generated thousands of quality, high-paying jobs across the state.
The array, known as the “Bristol South GLC Solar” project, was constructed on less than an acre of property off Route 116 owned by longtime Bristol residents, who have entered into a long term lease with Green Lantern.
“The Bristol Energy Committee was excited about the opportunity to offset a portion of our municipality’s electric bills by participating in the net metering program, which directly encourages local generation of solar power,” said Sally Burrell, chair of the Bristol Energy Committee. “We also appreciated that Green Mountain Power would retain the Renewable Energy Credits and they’d count towards Vermont’s goals.”
Based on current industry assumptions, according to Burrell, the credits are expected to save the Town about $4,000 annually on electric bills for at least 20 years with no cost to Bristol.
News item from Green Lantern Solar