Airport + Solar = Savings for Randall Airport

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Project Profile

Challenge
To remain competitive, Randall Airport needed to cut energy costs. Installing solar would cover current needs and allow conversion to solar powered electric heat, but the airport needed to find funding for the project. 

Solution
Long-term, 20-year Energize NY PACE financing filled the funding void and enabled the airport to install a system large enough to help supply the airport’s conversion to electric heat. 


Project

  • Airport, hangar and operations, 12,000 sq.ft.
  • 28.5 kWSolarPVSystem
  • $2,000/yr Average Annual Cash Flow
  • 103% Electric Use O set 

Financing

  • Amount Financed: $63,000
  • Term: 20 years
  • Interest Rate: 5.75%
  • Financing Cost: $5,400/yr Completion 
  • Date: August 2017 

“Replacing our old energy supply with solar made financial sense and was a ordable with Energize NY PACE financing. This project would never have happened without PACE financing.” 
-Charlie Brodie, Owner and Operator of Randall Airport 


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