SunPower Corporation : SunPower Solar Systems at 11 Scottsdale Unified School District Schools
05/15/2012| 08:44am US/Eastern
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SCOTTSDALE, Ariz., May 15, 2012 /PRNewswire/ -- Today,
Scottsdale Unified School District and SunPower Corp.
(NASDAQ: SPWR) are celebrating the installation of 5.5
megawatts of high efficiency SunPower solar power systems at
11 District schools. The systems are expected to reduce the
District's electricity costs by $25 million over the next
25 years.
"This project will allow Scottsdale Unified School
District to reduce our electricity costs at the schools
receiving these systems by half, to recover valuable funds
needed for our academic programs and to pay for
upgrades," said Superintendent Dr. David J. Peterson.
"By partnering with SunPower, we are maximizing those
savings as well as having clean, renewable energy generated
at our schools. It is the right thing to do for our students
and our community."
SunPower is installing the systems on rooftops as well
as on solar shade structures in parking lots, taking
advantage of underutilized space and providing needed shade.
The systems use high efficiency SunPower solar panels, the
most efficient panels on the market today. All systems are
expected to be complete and operational before the end of
September.
"Scottsdale Unified School District can rely on
its high efficiency SunPower solar systems to deliver
guaranteed performance for the next 25 years or more,"
said Howard Wenger, SunPower president, regions. "School
districts across the nation are finding solar power to be a
great way to reduce operating costs and repurpose the savings
to the classroom. SunPower has found it extremely rewarding
to deliver needed savings to our public schools and we
commend Scottsdale Unified for its commitment to using solar
power."
The project was facilitated in part by the APS
Renewable Energy Incentive Program, which offers financial
incentives to customers helping to offset up to 40 percent of
the costs of installing solar energy.
The District's systems were financed through
Qualified School Construction Bonds (QSCBs), allowing them to
own the systems and receive the full benefit of the energy
cost savings and APS incentive payments.
According to estimates provided by the U.S.
Environmental Protection Agency, Scottsdale Unified School
District solar power systems will avoid production of 176,900
tons of carbon dioxide emissions over the next 30 years, the
equivalent of removing 31,000 cars from Arizona's
highways.
About Scottsdale Unified School District
The Scottsdale Unified School District has 33 schools
serving about 26,000 students. More than 3,000 persons are
employed by the District, including about 1,700
teachers.
The District celebrated its 100th anniversary in 1996.
Its boundaries include most, but not all, of the city of
Scottsdale, almost all of the town of Paradise Valley, a
section of the city of Phoenix and a section of the city of
Tempe.
About SunPower
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and
delivers the highest efficiency, highest reliability solar
panels and systems available today. Residential, business,
government and utility customers rely on the company's
quarter century of experience and guaranteed performance to
provide maximum return on investment throughout the life of
the solar system. Headquartered in San Jose, Calif., SunPower
has offices in North America, Europe, Australia, Africa and
Asia. For more information, visit www.sunpowercorp.com
.
SunPower is a registered trademark of SunPower Corp.
All other trademarks are the property of their respective
owners.
SOURCE SunPower Corp.
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known and unknown risks, uncertainties and other factors that
may cause our actual results, performance or achievements to
be materially different from any future results, performance
or achievements expressed or implied by the forward-looking
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operating history and variability of operating results; our
ability to identify and retain key customers; our ability to
anticipate consumers' desires and design new products
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