PROVIDENCE, R.I.–People’s Credit Union here has entered into a solar credit agreement with Kearsarge Energy, a Boston-based company that operates and owns solar power arrays.
As part of the deal, credit union will receive solar energy credits from a Kearsarge project built on the site of a former septic waste disposal area in the 1970s and 1980s, according to the Providence Business Journal. Among the locations on which the company builds its solar projects are brownfield and Superfund sites.
Once the solar array there is operating, it will generate the equivalent of electricity used annually by more than 500 homes and offset 3,700 tons of carbon otherwise released into the atmosphere each year, according to the report.
According to the company, solar sites generate credits that reduce the electricity cost for partners, such as People’s Credit Union.