What we do
The mission at AC Power is to increase the use of alternative energy through development of technically viable and economically attractive projects on low value land. Developing a solar project on a former landfill – often owned by a public entity – simply makes sense. However, these projects often require innovation and determination to bring them to fruition. That is what AC Power does best! AC Power understands that for an alternative energy project to be successful, it requires collaboration among various stakeholders and a commitment to pushing through multifaceted issues. While each project is unique, and is treated as such by AC Power, the following are some tasks required to take a solar project from an idea to reality.
AC Power analyzes site characteristics to confirm sun access, specific solar radiation, energy production output, solar facility size, site layout, and impact to regulatory requirements.
Renewable Energy Offtake
A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). AC Power facilitates these agreements beteen buyer and seller, thereby generating a revenue stream.
To sell power, a project must be physically interconnected to a utility meter that either sends electricity to the grid or utilizes a net metering connection. A critical initial step to project feasibility is completing an interconnection application to study the technical requirements to connect to the grid, timeline to complete connection and estimated costs. This task can be one of the longest lead time and should be initiated at the start of due diligence.
Environmental Attributes and Incentives
AC Power also secures all possible incentives to enhance revenue generation. Incentives include solar renewable energy credits, government financial incentives, tax credits and more. A critical driver to the solar market, the Investment Tax Credit (ITC) is a federal tax credit claimed against the tax liability of commercial and utility investors in solar energy projects placed in service before 2022, with higher incentives the sooner construction commences.
Obtaining permits and approvals for a solar project are generally straight forward. When placing the solar project on a former landfill or brownfield it requires complex analyses including review and modifications of current closure plans and permits to ensure no conflict, evaluation of soil erosion, stormwater flows, and any impacts on the landfill cap. AC Power has the experience to walk you through the process and coordinate the Department of Environmental Protection and local planning agencies.
Work with local, county and sometimes regional officials to receive approvals to situate, construct and operate the solar project at proposed site.
AC Power negotiates all contracts throughout the course of project development, including, the interconnect agreement, power purchase agreement, lease agreement, construction contracts, and financing agreements.
AC Power is capable of addressing all financing requirements which may include a combination of construction and permanent financing, equity investments and/or tax equity for the Investment Tax Credit.
This step takes the conceptual solar design to completion of construction drawings. We partner with leading engineering, procurement and construction partners and solicit proposals from them to bring the project to commercial operation.
Solar energy projects require minimal day to day operations and maintenance, which keeps ongoing project costs low.