ProjectEconomics, a startup in the NYU Tandon School of Engineering cleantech incubator
NYC ACRE, has partnered with Syncarpha Capital to deliver the benefits of community solar to
Massachusetts. Syncarpha's two megawatt solar array, to be located on a former quarry site in
the town of Bolton in central Massachusetts, will provide approximately 150 households with the
ability to participate in Massachusetts' community solar program. Syncarpha is developing
subsequent arrays to expand the program and improve access to this innovative solar solution in
Massachusetts, New York, and other community solar states.
"Community solar is a way for customers, who might not have suitable roof space on their
homes or who don't not own their home, to take advantage of the benefits of solar" stated Cliff
Chapman, Managing Partner at Syncarpha. "A large, community-based solar 'farm' provides the
benefit of lower-cost large-scale construction and applies it to reducing the higher electricity
costs of residential customers."
Using ProjectEconomics' software, Syncarpha's community solar subscribers will be able to
engage with their local community solar array to track their savings and the environmental
benefits. The solar project is expected to become operational in the fall, and subscribed
customers will see credits on their electricity bills almost immediately. The program requires no
capital investment from customers who, instead, will be provided with discounted credits that
offset their utility costs for twenty years.
"Managing the electricity generation from a solar farm and delivering energy credits to hundreds
of customers through their utility bills creates a plethora of challenges not present in rooftop
solar" said Chris Barrett, Managing Director of Project Economics. "Our platform is specifically
tailored to navigate these issues and allows Syncarpha, as the solar energy provider to deliver
community solar programs at scale to residential customers."
"We are delighted that ProjectEconomics, an ACRE company, is able to make community solar
a reality. Their innovative business model provides everyone with the choice to "go solar"
whether they own a roof or not. It is creative business models like this that will help to
democratize solar and deploy renewables more widely," said Pat Sapinsley, Managing Director
of the ACRE incubator.
Founded in 2009, New York-based Syncarpha Capital is an investment company dedicated to
developing, owning, and operating commercial and small-utility distributed generation solar
photovoltaic ("PV") projects in North America. The company is committed to the widespread
adoption of solar energy by utilities, commercial and government electricity buyers, as well as
delivering community shared solar solutions for residential customers. Syncarpha works with a
variety of organizations to finance and build on-site solar systems that reduce energy costs and
ensure a cleaner, greener future. For more information, please visit www.syncarpha.com, and
for more information about Syncarpha's community solar offerings, please contact
About the Urban Future Lab/ NYC ACRE
Part of NYU's Tandon School of Engineering, the Urban Future Lab (UFL) is New York City's
hub for smart cities, smart grid and clean energy and hosts several programs focused on
educational, policy and market solutions to the issues of sustainability. NYC ACRE is the City's
premier cleantech business incubator, housed at UFL. ACRE supports innovative startups that
provide solutions to our most pressing climate and energy challenges, all while creating green
jobs in the New York area. ACRE is dedicated to growing an ecosystem of mission-driven start
ups that advance the city as a role model for a low-carbon future. For more information on NYC
ACRE, visit www.ufl.nyc
, and on NYU Tandon incubators,