Secure Futures, LLC, a solar development company headquartered in Staunton, VA, combines state-of–the-art solar technology with an innovative business model to make commercial scale solar readily affordable in Virginia, helping customers to realize the economic benefits, environmental benefits, and community benefits of solar energy.
The company currently owns and operates over 636 kilowatts of solar properties in Virginia, which will save over 20,600 tons of CO2 over their 35-year lifetime. The company expects to double its capacity in 2014, and to quadruple its growth in 2015.
Founded in 2004 by Anthony (“Tony”) Smith, PhD, CEO and President of the company, Secure Futures serves as Virginia’s market leader, as follows:
- First in Virginia to deploy 20 year solar Power Purchase Agreements to finance solar photovoltaic (PV) arrays — at no capital or maintenance expense to its customers;
- First in Virginia and in the U.S. to deploy Secure Futures’ proprietary Customer Self-Generation Agreement (CSGA), a solar services agreement for use in utility territories that disallow the sale of electricity under traditional Power Purchase Agreements;
- Build, own, operate and maintain solar facilities behind the customer’s meter to generate electricity at or below “grid-parity” price equivalent to what customers pay their electricity providers;
- Integrate high power density solar PV panels with 25 year performance guarantees in all installations; and
- Invest in U.S. made technology and in local communities by hiring local engineers, electricians, and steel manufacturing companies.
Together with his partners, Tony Smith developed the company’s triple bottom line business model in 2010 to deploy commercial scale solar installations. A partial list includes:
- Eastern Mennonite University – in 2010 the largest solar PV installation in Virginia, and the first in Virginia under a Power Purchase Agreement;
- Washington and Lee University – in 2011 the largest solar PV installation in Virginia;
- Park View Mennonite Church – in 2012, the first solar Customer Self-Generation Agreement (CSGA) deployment in Virginia and the U.S.; and
- Harrisonburg Redevelopment and Housing Authority – in 2013, the first solar CSGA with a state agency in Virginia.
As Virginia’s solar policy leader, the company has successfully led efforts with universities, the solar industry, environmental groups, utility companies, and elected officials to enact:
- Net-metering energy policy for all Harrisonburg residents in 2010;
- Solar equipment local tax exemptions in Harrisonburg and Lexington, VA in 2011;
- Power Purchase Agreement enabling state legislation in Dominion territory in 2013; and
- Statewide exemption from local taxes on solar equipment in 2014.