This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SolarCity Powers Eight Barstow Unified School District Schools And Facilities With Solar Energy

SolarCity® (NASDAQ: SCTY) today announces a 1.5-megawatt (MW) solar power project that will bring renewable energy to eight Barstow Unified School District (BUSD) schools and facilities. The solar installations are expected to save the district $112,000 in their first year and roughly $5.3 million over the next 20 years, which will directly benefit classroom instruction constrained by years of budget cuts.

Roughly three-fourths of BUSD’s students qualify for free or low-cost meals, and district budget reserves have been under strain due to a difficult economy and a high local unemployment rate. But the solar power systems will offset an average of 70% percent of each of the eight facilities’ electricity needs, bringing immediate and long-term savings on energy bills.

“I applaud the school district for making an investment in energy that could potentially redirect millions in savings to our students,” said State Senator Jean Fullerton, who represents Barstow in the 18 th District.

Barstow will also join hundreds of other districts across the state in benefiting from state Net Metering policy, which credits solar customers for the surplus clean energy their systems send to the grid for neighbors to consume. Net Metering allows California schools to help the grid become cleaner and more efficient while diverting taxpayer spending on energy to increased spending on education.

"Barstow Unified School District is proud to set an example of environmental leadership for our students and our community," said BUSD Superintendent Jeff Malan. "More importantly, going solar will help us to provide the best possible education for our students by cutting energy costs to free up funds that can be used directly in our classrooms to assist the teaching and support staff."

A national leader in clean energy services, SolarCity has completed or undertaken more than 300 solar projects for schools, community colleges and universities across the country, and now has more than 2,800 employees.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs