As part of the agreement, SunEdison will install solar canopies above the parking lots of all 28 schools in the district.
The school district expects the solar systems to generate a 20 percent savings on their electricity bill, which equates to $1 million saved in the first year alone. Over the course of the 20-year contract, the school district expects to generate an estimated $30 million dollars savings on energy costs.
Rialto’s solar systems are expected to generate enough electricity each year to power more than 1,300 homes. By choosing solar, the school district is eliminating the emission of an estimated 21 million pounds of carbon dioxide annually, the equivalent of taking more than 2,000 cars off the road.
The canopy mounted solar systems are expected to be completed in the second half of 2016. The solar systems are on the Call Right Projects List for TerraForm Power, a global owner and operator of clean energy power plants. TerraForm Power anticipates acquiring these projects once complete.
Operation and maintenance of these solar power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.