Arkansas Valley Electric Cooperative adds solar system with Today’s Power, Inc.
Solar system to benefit electric cooperative members via reduced wholesale peak billing
Little Rock, Ark. — June, 2016 — Arkansas Valley Electric Cooperative (AVEC) recently held a groundbreaking ceremony to launch the construction of a 1.5-acre solar array after entering into a solarpower services agreement with Today’s Power, Inc. (TPI).
Under the terms of the solar power services agreement, TPI effectively provides more than 55 percent of AVEC’s cost for the solar system. The array, a REFLECT XT-26 system, consists of 1,568 410-watt modules and 50 8.4 kW-480 volt inverters ground mounted on 1.5 acres. Over its 25 year life, the system is designed to produce 19, 227,822 kWH.
“The TPI solar array will assist Arkansas Valley Electric in maintaining the cost effectiveness of our rates,” said Al Simpson, CEO of Arkansas Valley Electric Cooperative. “The power generated from the array will enable our cooperative to avoid the equivalent in wholesale power needs. This will provide long-term rate benefits to our members."
According to Michael Henderson, president of TPI, Arkansas Valley Electric is one of many electric cooperatives launching TPI-based solar programs across the country.
“We continue to experience great interest in our product offering due to the strength of the package, which offers maximum energy density, twenty percent more energy than other fixed tilt solar systems and requires approximately 40 percent less space than traditional systems,” Henderson said. “TPI provides a solar energy solution that involves relatively low capital investment and can ultimately lower the power cost for electric cooperative members."
TPI customized the system to produce a projected cost per kWh to AVEC to be from 1.3 cents to 2.4 cents depending on when the system peak occurs, and to achieve a capacity factor of 65 percent at AVEC’s peak billing demand to its wholesale power provider Arkansas Electric Cooperative Corporation.
Today’s Power, Inc. is a wholly owned subsidiary of Arkansas Electric Cooperatives, Inc. (AECI), a Little Rock-based utility service cooperative owned by 17 Arkansas electric distribution cooperatives. TPI is an authorized distributor and installer for TKS photovoltaic systems.
For additional information, contact:
Jennah Denney, Today’s Power, Inc., 501.570.2200 or firstname.lastname@example.org