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U.S. Bank and Microgrid Solar Partner to Bring Solar Power to Over 50 Nonprofits in St. Louis

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In a first for the region, U.S. Bank and Microgrid Solar have joined together to boost renewable energy and help more than 50 local nonprofit institutions save thousands of dollars in energy costs and direct more money toward fulfilling their missions.

Microgrid and U.S. Bancorp Community Development Corporation (USBCDC), the community development subsidiary of U.S. Bank, are financing the installation and operation of up to 120 solar photovoltaic (PV) systems to benefit 56 nonprofit organizations. “The mass installation of solar systems is a first for the St. Louis region,” said Microgrid Chief Executive Officer Rick Hunter.

Each 25 kilowatt solar installation will produce approximately 30,000 kilowatt hours of electricity a year, enough to save these nonprofits tens of thousands of dollars in reduced utility bills.

[St. Louis Post Dispatch]