Taxpayer Savings Through Solar

On February 28th, 2012 Skyline Innovations LLC and WGL Holdings Inc. announced plans to finance and install solar water heating systems on 11 public housing buildings in the U.S. state of Maryland.

“This clean, reliable system will save funds for the HACA by providing a fixed discount on its utility rate for water heating,” said Skyline Innovations CEO Zach Axelrod.

Savings are being created for taxpayers while helping members of the community who are in need.

Skyline will build the solar water heating systems on the public housing developments Harbor House and Glenwood High-rise in Annapolis, Maryland. The company will also provide monitoring and maintenance services for the plants over the 10-year contract term.

Skyline notes that its sales model is unlike a traditional power purchase agreement since is does not provide electricity at a specific price per unit of energy delivered, but instead provides energy at a fixed 30% discount to utility rates.

In 2011 Maryland extended the eligible technologies in its renewable portfolio standard to solar thermal technologies, which will allow the system to also earn renewable energy credits.