We would be so grateful if you would take a moment to vote!
To vote you can visit Solar Builder Magazine
The story of Saranac Lake begins over 20 years ago when a local investor Lee Keet bought a parcel of land to prevent the entry of a ‘big box’ retailer he feared would damage the small merchant economy and rural character of the region. When community solar became possible in New York State, this provided a logical solution. Ensuring this project could benefit as many stakeholders as possible was a top priority. The anchor tenant (40 percent) is a local hospital, and the remaining capacity is allocated to local households and small-business subscribers, especially low to moderate-income individuals, in the form of a 10% energy discount. In addition, RER and Sunvestment sourced 10 local and affiliated investors for the tax equity investment as purely financially motivated investors would not have been willing to make an investment at a level that facilitated the community benefits.
Developer: RER Energy Group Sunvestment and Lee Keet | Contractor: RER Energy Group | Modules: Heliene | Inverters: CPS | Mounting: Terrasmart
About RER Energy Group
RER Energy Group is an industry leader in providing cost-effective, high-quality solar systems throughout the United States and Latin America. The company has developed more than 55 megawatts of solar energy, obtaining over $30 million in grant proceeds for commercial, industrial, agricultural, municipal, and non-profit customers. For more information, visit www.rerenergygroup.com.