by Kyle Massey
Arkansas Business
Monday, Jul. 22, 2019
“Do you like money?”
“Are you interested in saving a lot of it?”
That’s Rick Vance’s simple pitch to towns, counties, agencies and schools freed by a new law to partner with third-party companies in solar energy projects.
Vance is regional director for Entegrity Energy Partners LLC of Little Rock, one of several Arkansas solar providers riding the wave as local governments, agencies and schools plunge into a new solar mainstream. (See list below.)
With utility savings from solar arrays and energy performance contracting, non-taxed entities are “making improvements, doing deferred maintenance and even using some for big capital projects,” Vance said.
“Solar is now the cheapest way to buy electricity. “A combination of the new law [Act 464 of 2019], tax advantages and other factors mean this is the best time” to act, he said, “with no upfront capital costs and guaranteed savings. Why would you not do this?”
Vendors like Scenic Hill Solar and Seal Solar of North Little Rock and Today’s Power Inc. of Little Rock are all building multiple government and school arrays this year.
“Interest in solar by governmental and educational entities has really escalated,” said Michael Henderson, president of Today’s Power. He said changes in law and tax incentives add up to a good bottom line.