Sale of Bullock School SRECs generates $100K in income

Solar panels on roof

Montclair Environmental Commission Assists Board of Education in Realizing $100,275 of Income from the Sale of Solar Renewable Energy Credits from Bullock School Solar Panel

Montclair, New Jersey – July 9, 2015

The Montclair Environmental Commission has assisted the Montclair Board of Education in realizing $104,275 income from the sale of Solar Renewable Energy Credits (SRECs) generated by the solar photovoltaic panel atop the Charles Bullock School.

On June 30, 2015 Brian Fleischer, Business Administrator for the Montclair Board of Education, with the assistance of James Sherman of the Montclair Environmental Commission, executed the SREC sale.  158 Energy Year 2013 SRECs were sold for $220 per SREC, 225 Energy Year 2014 SRECs were sold for $225 per SREC, and 188 Energy Year 2015 SRECs were sold for $230 per SREC for a total of $100,275 of SREC income.

“The $100,275 realized from the sale of the SRECs, during these tight budgetary times, is tremendously helpful for the school district” said Brian Fleischer of the Board of Education.

“We always look to work with the Board of Education on environmental and energy matters and we have now re-built that relationship and look forward to closer cooperation with the Board of Education going forward” said Sherman.  He observed that a lot of technical and procedural issues had cropped up along the way but that together, the Montclair Environmental Commission and Board of Education “got the job done to everyone’s benefit.  We are proud to have helped to support the public schools.”

The Montclair Environmental Commission (MEC) first assisted the Board of Education with the design of the $23 million dollar Bullock School which came on line in 2010.  In cooperation, the MEC and the Board of Education required the architectural design team to incorporate solar photovoltaic power and a geothermal heating/cooling system.  The solar photovoltaic system reduces the amount of grid electricity the Board of Education has to buy while also generating SREC income, a double-win.  The geothermal system also reduces power consumption.  Both systems help reduce the school’s carbon footprint.

Anyone interested in tracking the real-time performance of the Bullock School’s solar panel may do it remotely by dialing in to http://www.montclair.k12.nj.us/WebPageFiles/2146/client.html

Contacts:

Brian Fleischer, Business Administrator, Montclair Board of Education, 973-509-4050

James Sherman, Montclair Environmental Commission, 973-303-2106