Colorado: Nonprofits find ways to pay for renewable energy
DENVER – Schools and other nonprofits who want to start using renewable energy don’t always have the money to buy solar panels or build wind turbines.
That’s where companies like Boulder, Colo.-based NexGen Energy Partners come in.
The companies build and maintain onsite wind and solar systems for customers, sparing them construction and maintenance costs. Using renewable energy grants and credits to defray costs, the companies make money selling power to customers over long-term contracts.
NexGen erected two 100-kilowatt wind turbines for the Upper Scioto Valley School District in Ohio. Assistant Superintendent Jim Bowser says the district spent $35,000 in upfront costs but expects to save about $1.7 million over 15 years on its utility bills.