Solar Energy Initiatives, Inc. is working to bring solar power to cities across the United States. Through a grassroots campaign entitled “Renew the Nation,” efforts are focused on weaning America off fossil fuel dependence through increased reliance on solar thermal and photovoltaic (PV) solar panels.
Renew the Nation is the cornerstone of the company’s mission statement:
Solar Energy Initiatives, Inc. was formed to execute on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, while building a profitable company.
Not only will Renew the Nation result in a cleaner, brighter future for consumers, but thousands of green jobs are expected to be created in the immediate future. In fact, most of the new projects to be commenced under the grassroots campaign will be completed by the end of 2010.
A Reuters article published today noted that Solar Energy Initiatives announced letters of intent (LOI) with a number of U.S. municipalities for the installation and operation of PV panel systems on government buildings. Under the terms of the LOIs, the company will provide solar equipment to participating municipalities, including installation and maintenance. Solar Energy Initiatives will sell back to the cities clean, solar-generated electricity at a rate lower than other power providers.
The LOIs are a classic example of a Power Purchase Agreement under which the provider will finance, install and own your solar panels, without any initial outlay of money from the consumer. The provider acts in many ways as a utility company. You will be billed for the electrical output of the solar panel system at a discounted rate.
This financing option for solar power allows government to switch to cleaner energy without the initial investment costs. In short, the cities get to lower energy expenditures and significantly reduce carbon emissions without taxpayer burden. David Fann, CEO of Solar Energy Initiatives stated:
Management is pleased with the Company’s ability to attract these profitable government ventures. We are encouraged with the recent influx of projects that the Company is being offered, as well as, our ability to secure multiple agreements simultaneously. Solar Energy’s proven business model which offers low cost, high return energy production to municipalities is rapidly being accepted throughout the alternative energy markets. The Company will continue to leverage its strategic business model and growing market presence in order to expand its geographic presence, increase earnings, and improve shareholder value.”
The solar powered municipal buildings will join a list of other locales across the nation, including a solar firehouse in Pittsburgh, courthouses in Oregon, and government-subsidized housing in Massachusetts.
Work in local government? Regularly attend Council or Commission meetings? Be part of the grassroots effort to Renew the Nation! Urge your municipality to install solar panels on its government buildings.