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662 kW on Pinnacle Charter School in Federal Heights, CO

This 662 kW solar system powers one of the largest public charter schools in Colorado while serving as an educational tool for over 2,000 students. The Pinnacle Charter School has served Northern Denver’s diverse community for nearly two decades with committed teachers and data-driven instruction. The solar project generates revenue by selling the electricity produced to the school and by selling the associated renewable energy credits to the local utility. Pinnacle’s solar project could save the school as much as $1.6 million in electricity costs over the lifetime of the project while teaching thousands of K-12 students about clean energy.

5.4%
Expected Investor Yield
120
Month Term
100%
Funded
169
Investors
$0
Available
$450,000
Total Amount
FUNDED! This project has reached its investment goal.

Project ID: 10

View Prospectus

View Note

Size (in kW): 662
Annual Estimated Output: 950,000 kWh
Number of Panels: 2,244  
Panel Type(s): Hanwha  
Panel Warranty (yrs): 25  
Inverter Type: Solectria  
Inverter Warranty (yrs): 20  
Interconnection Date: May 29, 2013  
Name: Pinnacle Charter School Building Corporation
Location: Federal Heights, CO  
Type of Solar Customer: Non-Profit
Year of Incorporation: 2001  
Contract Type: PPA
Revenues: $14,400,000 as of FY 6/30/2012  
Assets: $36,500,000 as of FY 6/30/2012  
Liabilities: $30,900,000 as of FY 6/30/2012  
Name: See Prospectus  
Location: Colorado  
Year of Incorporation: 2012  
Loan Type: Term  
Loan Term: 120 months (10 years)
Loan Payment Schedule: Monthly
Loan Interest Rate: 6.40%
Revenue Sources: PPA and payments for SRECS from Xcel Energy
Debt Service Coverage Ratio: 1.25x
Debt Service Reserve Fund: $39,823.00
Estimated Homes powered in one year: 74
Estimated Pounds of CO2 avoided per year: 1,477,082
Estimated Square Feet of solar created: 48,618
Payment Number Transaction Date Total Paid Interest Principal
1 Jul-08-2013 $5,401.27 $720 $4,681.27
2 Aug-08-2013 $7,659.15 $2,375.03 $5,284.12
3 Sep-09-2013 $7,341.65 $2,346.85 $4,994.8
4 Oct-07-2013 $6,702.36 $2,320.21 $4,382.15
5 Nov-07-2013 $5,881.76 $2,296.84 $3,584.92
6 Dec-07-2013 $4,747.93 $2,277.72 $2,470.21
7 Jan-07-2014 $3,154.66 $2,264.55 $890.11
8 Feb-07-2014 $2,520.91 $2,259.8 $261.11
9 Mar-07-2014 $3,202.16 $2,258.41 $943.75
10 Apr-07-2014 $3,526.09 $2,253.37 $1,272.72