In Spring 2016, Secure Futures installed a 204.8 kW solar array on the campus of the University of Richmond (UR), making it the first application of SolarWorld USA bifacial solar technology in North America. The array is also the first solar installation in Virginia to utilize a Power Purchase Agreement (PPA) under a Dominion Virginia Power pilot program in 2013. Under the PPA, UR purchases energy from the array that is owned and maintained by Secure Futures, at no capital expenditure. The 749 solar panels were installed on a 22,000 square foot portion of the Weinstein Center for Recreation and Wellness, and generate 237,000 kWh of electricity per year – enough to power an entire student residence dorm.
Jesse ReistInnovative Solar Technology at the University of Richmond Presents Opportunities for Campus-Wide Engagement
Today, Secure Futures announced a grant award from the U.S. Department of Energy SunShot Initiative’s Solar in Your Community Challenge, for a community solar barn raising project. The $50,000 award is part of a $5 million national prize competition aimed to expand solar electricity access.
Jesse ReistMennonite Central Committee and Secure Futures Selected to Participate in Nationwide Solar Competition
Northern Virginia office led by Strategy Officer, Karen E. Torrent Secure Futures LLC is redoubling its capacity to make solar more affordable for commercial and public purpose entities in Virginia. This week the Company expands its presence by opening a Northern Virginia office in response to the growing demand for solar energy, and welcomes Karen E. Torrent to the position of Chief Counsel and Strategy Officer. In this newly created position, Ms. Torrent will serve as the Company’s in-house counsel and will be responsible for the strategic direction of its market and policy leadership.
Jesse ReistSecure Futures expands Its presence in Virginia’s Solar Market
On October 20th, 2016, Albemarle County Public Schools (ACPS) and Secure Futures LLC co-hosted the solar dedication ceremony at Monticello High School to celebrate the largest installed solar photovoltaic array on a public school system in the Commonwealth of Virginia, totaling 1.1MW on six Albemarle schools. Virginia Governor Terry McAuliffe keynoted the event, unveiling an update to his Administration’s 2014 Virginia Energy Plan. Titled “Energy in the New Virginia Economy”, the update provides a report of the progress made by the McAuliffe administration in its strategic energy objectives since 2014.
Jesse ReistGovernor Terry McAuliffe Announces Update to 2014 Energy Plan at Albemarle Solar Dedication Ceremony
This summer, Mary Baldwin University (MBU) entered into a unique partnership with Secure Futures LLC, in an effort to promote sustainability on the university’s campus. Through the partnership and a grant from the Jessie Ball duPont Fund, Secure Futures employee, Sam Stoner, is serving as the new Sustainability Coordinator for MBU. This partnership is unique to Virginia – as it is the first of its kind between a renewable energy developer and institution of higher education with the mission of finding ‘green’ solutions for the university – by focusing on energy conservation and environmental awareness.
Jesse ReistSecure Futures Partners With Mary Baldwin University to Create New Sustainability Coordinator Position
The solar industry continues as the fastest growing industry in the U.S. and distributed generation represents a vital part of that growth. “Distributed generation” refers to small-scale distributed solar photovoltaic (PV) systems, such as those found on residential and commercial rooftops, that produce energy where it is used. Neighboring states have embraced the solar industry and as a result, are experiencing dramatic economic growth in jobs, private investment and tax revenue. Unfortunately, Virginia is missing out on these economic opportunities. The Commonwealth remains one of the most restrictive energy markets in the country, stifling the development of distributed generation and discouraging investment.
Karen TorrentDistributed Generation: Increases Private Investment and Creates Jobs in the Commonwealth
On April 19th 2016, the University of Richmond held a ribbon cutting ceremony to unveil its new solar array, the first to be installed in the Commonwealth under a new PPA Pilot Program. Event speakers Governor Terry McAuliffe, University of Richmond President Ronald Crutcher, Secure Futures President Tony Smith, University of Richmond Sustainability Coordinator Rob Andrewjeski, and University of Richmond student Zoe Kolberg-Shuler (’18) provided comments about the array.
Jesse ReistUniversity of Richmond Holds Ribbon Cutting For Solar Array
The Solar Investment Tax Credit (ITC) is set to drop at the end of 2016 from 30% to 10%, making the economics difficult for commercial solar projects. Additionally, the tax credit will expire for residential projects, eliminating the tax benefits for residential solar installations
Tony SmithSupporting The Solar Investment Tax Credit