San Jose - Solar on Schools
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In July of 2007, the San Jose Unified School District (SJUSD) announced a partnership with Chevron Energy Solutions and Bank of America that will place 5 megawatts (MW) of solar power on the district's schools. The deal, which includes energy efficiency upgrades to SJUSD facilities, is thought to be the largest ever K-12 solar power and energy efficiency retrofit program in the United States. Under the deal, Chevron Energy Solutions will design, build, operate and maintain the solar systems, while Bank of America will own the systems and, through its Energy Services Financing Solutions arm, sell power to SJUSD at below-market rates. The 5 MW of solar power, which requires no capital investment by SJUSD, is expected to cut the district's demand for utility power by 25% and yield $25 million in energy savings over the life of the deal.