1MW AC Springer Solar 1 Project

Springer Electric selected TPE in 2014 to help it fully develop, build, own and operate a 1MW solar power plant.   After months of effort, TPE came to the conclusion that because Springer was a small rural cooperative, the most cost-effective means of ownership was inexpensive debt financing from its banks, avoiding the use of the federal solar investment tax credit.

  • No ITC & Low-Cost Debt Financing: Springer Electric financed the system through over $2.5 million in funding provided by USDA Rural Development’s Rural Utility Service (RUS).
CLIENT: Springer Electric Cooperative
LOCATION: Colfax County, NM
SYSTEM: 1MW AC
COMPLETION: May 2015
FINANCING: USDA Rural Utilities Service (RUS)

MW AC

Acres

Years of Clean, Renewable Solar Energy

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