Alamosa Solar Project Secures Financing to Power 6,500 Homes

The Alamosa Solar Generating Project, the world’s largest solar photovoltaic solar plant, has just received a $90.6 million loan guarantee from the US Department of Energy. This funding helps finance the project and ensure that construction at the plant can continue.

Located in southern Colorado, the Alamosa plant is expected to power over 6,500 homes with green and efficient solar energy. Nevada and Arizona solar panel company Amonix is supplying the solar panels and has put over $130 million toward the project. By converting 6,500 homes to solar power, it’s estimated that about 43,000 metric tons of carbon emissions could be avoided each year. This is an enormous amount of pollution – and a huge motivator for solar energy San Diego supporters to switch.

A home solar system can eliminate heating, gas or electric bills by replacing the system with panels on the roof of one’s home. The panels trap light energy and convert it to usable energy in the user’s own home, and the ability to store power means that the panels will still work at night. They will also continue to work in cold weather, provided they are kept free of snow.

With solar panels San Diego residents don’t necessarily have to pay the full amount of the panels plus installation; financing options from solar installation companies mean that most families can afford to switch to solar. At San Diego solar provider Solaire Energy Systems, home or business owners may qualify for a “same as cash” loan program or a number of unique leasing programs that require no up-front costs.

Financing a solar project doesn’t have to be an impossible dream. As the Alamosa solar plant continues to develop, we will continue to see more homes powered by solar power and a growing number of homeowners finding ways to start their own solar projects.