Efficiency and Development Expertise
Summit Ridge has a track record of swiftly moving projects from contracts to financial close. Having successfully navigated permitting and entitlement processes across dozens of U.S. jurisdictions, our team has developed a transparent process that promotes partnership with the counties and municipalities within which we operate.
Initial Layout, System Design and Permitting
Interconnection and Construction
Owners of industrial properties can generate predictable income through monthly lease payments paid in exchange for hosting a solar array on their rooftop.
Hosting a solar array on your property will significantly cut costs on monthly utility spend, ultimately impacting your margin in a meaningful way. In addition, generating clean energy also contributes to achieving ESG goals that many corporations have committed to in an effort to slash carbon emissions in the United States.
Depending on the system size and load generated at your facility, there may be excess energy produced that your corporation does not need to utilize. In this instance, you can receive additional compensation by pumping said energy back into the grid for the utility to redistribute to homes in your area, adding to your state's RPS goals.
During the diligence and construction processes, SRE hires local labor to build the solar system on your site. This results in job creation for sectors like construction, electrical engineering and operations and maintenence jobs.
Once the system is operational, it begins generating monthly utility bill credits for local homes and businesses in your area. In the past, solar wasn't accessible for many families across the country. They either rent their homes, live in apartment buildings or don't have a rooftop that is suitable to host solar. Since it is remotely site, the community solar projects allow these people to participate in the clean energy economy for the first time. Many of our projects also have a dedicated portion of the bill credits benefit low-to-moderate income families to provide economic relief and enable them to help us achieve ESG goals.
By hosting the system on your property, you are guaranteed predictable, long-term income through our monthly lease payments. The duration of these payments continues for the lifecycle of the project which is between 25 and 35 years. Additionally, tax revenue is generated for the state which adds to its bottom line and contributes positively to the economy.
Energy storage projects provide grid support and reduce reliance on fossil fuel-fired “peaker plants” by charging overnight and discharging during peak hours.
These projects allow greater penetration of renewable energy as renewable energy resources require “firming” to shape load to demand. For example, storage helps to integrate off-shore wind.
Additionally, energy storage improves grid reliability and resiliency by diversifying the United State's energy portfolio. Storage projects are available for dispatch at a moment’s notice. Storage also provides opportunities for non-wire solutions which is an alternative to upgrading regional transmission grids, which is an expensive and labor intensive task for a utility provider to undertake.