Energy cost savings of $4.9 million over 20 years
Dynamic provided full turnkey services, including engineering, procurement, and construction, for DiCarlo’s 902.1 kW solar project; one of the largest roof-mounted solar arrays on Long Island. In addition, Dynamic will operate, maintain, and optimize the array under a long term O&M agreement. The project participates in LIPA’s Clean Solar Initiative Feed-In Tariff (FIT) Program and interconnects directly with LIPA’s grid at 13.2 kV.
With Dynamic handling all communications and applications with LIPA, DiCarlo was able to secure a 20-year FIT contract for the project at a rate of $0.22/kWh, which will provide DiCarlo with over $240,000 of annual income throughout the term. At the end of the 20-year term, the project will be net-metered to provide one-third of the onsite energy needs and offset a substantial portion of DiCarlo’s carbon footprint.
John DiCarlo Sr., Chief Operating Officer