CHURCH
Parish of Saint Helen – Westfield, NJ.
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Project Overview
Parish of Saint Helen – Westfield, NJ.
70,270 Watts-DC System
Who They Are
Parish of Saint Helen is a Catholic Church located in Westfield, NJ. Parish of Saint Helen was looking to save money by using their facility’s roof for solar panels.
How We Helped
Castle Energy developed the opportunity and worked with the church members and Diocese of Newark to create a Power Purchase Agreement. Through its contacts of regional investors, Castle Energy created Buena Ventures, LLC an investment partnership to fund the church solar project. Castle Energy structured an economical PPA option which allowed for a discounted electric rate for a designated period of time, providing a hedge against rising electric rates. Project installation partner: REC Solar.