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Education publishing giant McGraw-Hill announced that they will building the largest privately-owned net-metered solar energy plant in not only North America, but the largest on this side of the Prime Meridian. They plan to install their solar array system on 50 acres of land near their data center, which requires the highest energy need.
The panels will be supported by a ballasted racking mount system that involves no ground penetration - further reducing the size of their carbon footprint. Once live, the power plant will produce 14.1 megawatts of energy. Broken down, this is about 18 million kWh per year - enough to provide enough energy for 1,500 homes. The plan is to reduce McGraw-Hill's global carbon emissions by 10%. Reducing carbon emissions has become a big issue for them since their 180,000 square-foot data center is rapidly expanding due to increase in their digital projects, which of course, requires more energy.
The solar project, which will end in December 2011 and March 2012, is anticipated to create 294 new jobs, according to the Rutgers University Bloustein School of Planning and Public Policy. McGraw-Hill is partnering up with New Jersey Resources Clean Energy Ventures, who is able to qualify for a 30 percent federal investment tax credit. Along with the tax credit, New Jersey Resources may be eligible to receive Solar Renewable Energy Certificates, which can be sold to other companies looking to meet renewable energy requirements. "Our plan to use solar power underscores our commitment to green, sustainable business practices," said the President and Chief Executive Officer of The McGraw-Hill Companies, Harold McGraw III.
Learn more your eligibility for the 30% federal tax credit as well as state tax rebates for solar power San Diego.
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