Madera County, CA tree nut grower contracts Revel Energy to develop a 1,092 kW-DC commercial solar system. The system puts environmental benefits and energy costs savings at the forefront for this California farmer and packager.
The signing comes as another welcome boost to Revel’s sustained growth. As the company continues its equity offering via StartEngine crowdfunding (view offering here), new signings are welcome news to stakeholders.
According to Energy Toolbase, the system will produce 1,900,000 kWh of free electricity. The estimated value of (year 1) free electricity is in the $300,000-400,000 range. This kind of savings is estimated to give the user a 2.8 year payback. Additionally, per the EPA Greenhouse Gas Equivalencies Calculator, producing 1,900,000 kWh annually with solar is like planting over 1,600 acres of new forest, completely avoiding the CO2 produced by 151,000 gallons of gasoline through self-generation.
*Estimated offset for 1 of several meters connected to the system through NEMA program. This meter alone is expected to save $90,000 (of the $300,000 est. total) in year 1.
“California farmers and packager are some of the highest users in the state and they pay some of the highest electricity rates,” explains Alan Lee, CEO of Revel Energy. “With agricultural solar, our customers can capitalize on energy cost savings, significant tax credits and reduced carbon emissions.”
This project adds to Revel Energy’s long list of new customers and bolsters a growing backlog. Next steps include engineering, permitting, construction and finalizing with Permission to Operate or PTO. In 2021, Revel achieved 4.7 MW of PTO.
Revel Energy has helped commercial, industrial and agricultural businesses take control of their consistently-rising electricity costs with dynamic energy solutions including commercial solar, energy storage, LED retrofitting and EV charging stations determined around their needs. Contact Revel today to learn how much your business could save in the face of future rising electricity costs.