PVBuzz – Ameresco Signs $12.7M Contract on Housing Energy Projects that Include a 2.4 MW in Solar Power Generation
Massachusetts — Ameresco, and the New Bedford Housing Authority (NBHA), a high-performing Housing Authority on the South Coast of Massachusetts, announced the execution of a $12.7 Million Energy Performance Contract (EPC) that is expected to provide $19.6 Million in energy and water cost savings over its sixteen-year term.
The project involves 15 of NBHA’s public housing developments encompassing close to 1,500 households.
It will focus on roof-top mounted solar installations in conjunction with significant incentives available from the Commonwealth’s Solar Massachusetts Renewable Target, or “SMART” Program. Upon completion of construction over the next 15 months, the solar installations at 11 of the 15 developments will result in 2.4 megawatts of power generation, significantly reducing NBHA’s electric consumption.