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UMass Amherst Taps ConEdison Solutions For Large-Scale Solar Power Initiative

October 13, 2016

Campus-Wide Solar Installations Expect To Generate $6.2 Million In Cost Savings Over 20 Years

AMHERST, MA – October 12, 2016: The University of Massachusetts Amherst has retained ConEdison Solutions (CES), one of America's leading energy services companies, for a campus-wide solar power initiative expected to reduce university electric bills by $6.2 million over the next twenty years.

ConEdison Solutions will own, operate and maintain 15,576 photovoltaic panels at eight sites across the UMass campus.  The photovoltaic (PV) systems will collectively generate annual electricity equivalent to that used by 900 typical Massachusetts homes. Installation is scheduled for completion by the end of this year.

The PV systems will provide 5.3 megawatts (MW) of clean, renewable power, while reducing greenhouse gas emissions by an amount equal to 31,000 non-metric tons of carbon dioxide annually.

"America's college campuses often help point the way to the future when it comes to sustainability and renewable energy," said Mark Noyes, President and CEO of ConEdison Solutions, which is based in Valhalla, NY.  "As an energy supplier to UMass over the years, we are proud to now be helping the University of Massachusetts Amherst reinforce its commitment to clean energy and a greener tomorrow."

"UMass Amherst prides itself on being a sustainability leader, serving as a model for campuses and communities across the country," said Shane Conklin, Associate Vice Chancellor for Facilities and Campus Services.  "We are very excited to be moving forward with what we view as an economic, environmental and educational win for our entire community."

The eight installations – six on rooftops and two above existing asphalt parking lots – will be engineered and constructed by Brightergy, a national solar company.  Brightergy worked with Sol Systems to arrange for project finance, ownership and ongoing operations and maintenance of the solar systems by ConEdison Solutions for up to 20 years.  The university will buy all of the electricity from the $16 million project for direct use on campus through a power purchase agreement with ConEdison Solutions.  

The project will require no up-front costs to the university.  ConEdison Solutions sells the electricity to the university at a rate that is below the current market price.  The solar arrays will save the university $89,000 on electricity in the first year.  UMass Amherst projects that savings will grow to an average $310,000 per year.

About ConEdison Solutions

ConEdison Solutions is a leading energy services company that provides renewable energy, sustainability services, cost-effective energy efficiency solutions, demand response, and energy performance contracting.  The company serves commercial, industrial, residential and government customers, including universities, public school districts, and hospitals nationwide. Offering innovative products, financial stability, and a commitment to customer service, the company is based in Valhalla, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Falls Church, Virginia; Tampa, Florida; Overland Park, Kansas, Nashville, Tennessee; and Bloomington, Minnesota. The firm's dedicated team of energy professionals delivers a broad range of energy solutions. ConEdison Solutions offers programs and services designed to help customers achieve their individual energy objectives and is accredited as an Energy Services Provider (ESP) by the National Association of Energy Service Companies (NAESCO).

ConEdisonSolutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED). More information can be obtained by calling 1-888-210-8899 or visiting the ConEdison Solutions website at www.conedsolutions.com. You can also visit the Consolidated Edison, Inc. website at http://investor.conedison.com for information on all of the Consolidated Edison companies.

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