2RW was contracted by the City of Richmond to provide a solar photovoltaic (PV) feasibility assessment for a subset of government-owned buildings. The goal was to determine whether specific City-owned buildings could accommodate PV installations and whether solar PV could save the City money over a 25-year period.
This study compared estimated utility costs over 25 years in three different scenarios:
2RW’s services included:
The study concluded that installing solar on one specific building under any financing scenario could save the City money over a 25-year period. Upfront purchase could save the City more than $380,000 and engaging in a PPA would have lower cost savings but would have the added benefit of being less resource-intensive for the City to manage.
OWNER: City of Richmond, VA