About the Project:

Meadowbrook Stables will use solar energy to help reduce its carbon footprint and help mitigate greenhouse gases. Installing the solar PV system will produce more than 154,000 kilowatt hours per year of clean, renewable energy for the Meadowbrook Stables and will lower greenhouse gas emissions by 2,087 metric tons of carbon dioxide over the first 20 years of usage. These energy savings will lead to a projected savings of $6,085 annually in reduced electricity bills.

Financing Details

The total project cost of $250,000 will be financed through a 20-year power purchase agreement between Skyview Ventures and Meadowbrook Stables.

Montgomery County Green Bank’s Role

The CSPPA program developed by the Montgomery County Green Bank allowed Meadowbrook Stables to install solar and experience the benefits of solar with no out-of-pocket costs through a power purchase agreement with Skyview Ventures.

Project Snapshot

Building Type:

Meadowbrook Stables, owned by the nonprofit Meadowbrook Foundation Inc., is an indoor equestrian riding arena in Chevy Chase, MD.

Property Upgrade Summary:

Installation of a 113.52 kW rooftop solar PV system by Ipsun Solar.

Loan Amount:

$250,000 Commercial Solar Power Purchase Agreement (“CSPPA”) by the Montgomery County Green Bank and Skyview Ventures.

The CSPPA program allows building owners to experience the benefits of solar energy with no out-of-pocket costs and without the burden of owning and maintaining a solar PV system.

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