- Location: Connecticut
- As a part of ongoing collaboration with Connecticut Water Company (CWC), JKMuir performed a comprehensive alternatives analysis for the implementation of on-site, behind-the-meter solar PV systems at three facilities: Mackenzie Water Treatment Plant (WTP), Naugatuck Industrial Park Pump Station I, and Philip B. Hopkins WTP.
- This project supports CWC’s goal of reducing greenhouse gas emissions by 50% from 2019 levels by 2030.
- JKMuir led a financial evaluation of solar implementation at each site including a comprehensive analysis of applicable incentives, avoided costs, and compensation mechanisms, particularly Eversource’s Rate 980 tariff and federal Investment Tax Credit (ITC) opportunities under the Inflation Reduction Act (IRA).
- The result was a robust financial alternatives analysis for each site, which included capital cost estimates, annual and cumulative 25-year cash flows, net present value (NPV), internal rate of return (IRR), and simple payback calculations.
- In addition, JKMuir assessed the environmental impact of each solar project including estimates of greenhouse gas (GHG) emissions reductions associated with the retirement of renewable energy credits (RECs), all of which would contribute toward CWC’s sustainability objectives.
