On February 28, 2007, the Massachusetts Renewable Energy Trust (MRET), now the Massachusetts Clean Energy Center (CEC), awarded the Massachusetts Division of Capital Asset Management (DCAM) $560,000 to support a 105KW roof-mounted solar photovoltaic installation on Worcester State’s Learning Resource Center.
The installation of 540 solar panels, which was completed in the spring of 2009, is the largest on any college campus in the state, and the largest in Worcester, according to the Massachusetts Technology Collaborative. The photovoltaic array will generate over 140,000 kilowatt hours of electricity annually, which is enough energy to supply electricity to 20 homes of about 2,800 square feet each.
The panels should pay for themselves in about 15 years and their lifespan is expected to be about 30 years. The photovoltaic array is funded by IRS Clean Renewable Energy Bonds (CREBS) and a grant from the Mass Technology Collaborative. The installation, was managed on behalf of the university by Massachusetts Division of Capital Asset Management (DCAM). For this project, DCAM, in coordination with, the Department of Energy Resources, and Mass Development Financing Authority assisted the college to secure the CREBS, which are no interest bonds approved through the federal IRS. The solar panels are manufactured by Marlborough, Massachusetts-based Evergreen Solar.