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487 kW on the Wildwoods Convention Center in Wildwood, NJ

The Wildwoods Convention Center is a modern, multipurpose facility equipped with exhibit, ballroom and meeting space. Located on the Wildwoods Boardwalk directly overlooking the beach and ocean, this state-of-the-art, 260,000-square-foot facility is within a day’s drive of one-third of America’s population.

4.5%
Expected Investor Yield
114
Month Term
100%
Funded
314
Investors
$0
Available
$350,000
Total Amount
FUNDED! This project has reached its investment goal.

Project ID: 6

View Prospectus

Size (in kW): 487
Estimated Annual Output: 550,000 kWh
Number of Panels: 1,694  
Panel Type(s): SunTech and Eoplly  
Panel Warranty (yrs): 25  
Inverter Type: Power-One  
Inverter Warranty (yrs): 20  
Interconnection Date: July 20, 2012  
Name: New Jersey Sports and Exposition Authority and the Greater Wildwoods Tourism Improvement and Development Authority
Location: Wildwood, NJ  
Type of Solar Customer: Government
Year Founded: 1971, 1998  
Contract Type: Solar Lease
Revenues: $155,098,000 as of FY 12/31/2011  
Assets: $372,451,000 as of FY 12/31/2011  
Liabilities: $167,855,000 as of FY 12/31/2011  
Name: A subsidiary of Energy Finance Company  
State of Incorporation: Delaware  
Year of Incorporation: 2011  
Loan Type: Term  
Loan Term: 114 months
Loan Payment Schedule: Monthly
Loan Interest Rate: 5.50%
Revenue Sources: PPA and payments for SRECs from Atlantic City Electric
Debt Service Coverage Ratio: 1.30x
Debt Service Reserve Fund: $3,947
Estimated Homes powered in one year: 43
Estimated Pounds of CO2 avoided per year: 839,961
Estimated Square Feet of solar created: 36,038
Payment Number Transaction Date Total Paid Interest Principal
1 Mar-21-2013 $3,140.06 $1,590.06 $1,550
2 Apr-29-2013 $5,860.54 $805.47 $5,055.07
3 May-22-2013 $3,559.2 $1,573.89 $1,985.31
4 Jun-21-2013 $3,559.2 $1,564.79 $1,994.41
5 Jul-22-2013 $5,654.88 $1,555.65 $4,099.23
6 Aug-21-2013 $5,656.71 $1,536.86 $4,119.85
7 Sep-21-2013 $5,656.71 $1,517.98 $4,138.73
8 Oct-21-2013 $3,558.71 $1,499.01 $2,059.7
9 Nov-21-2013 $3,558.71 $1,489.57 $2,069.14
10 Dec-21-2013 $3,558.71 $1,480.09 $2,078.62
11 Jan-21-2014 $3,139.11 $1,470.56 $1,668.55
12 Feb-21-2014 $3,139.11 $1,462.91 $1,676.2
13 Mar-21-2014 $3,139.11 $1,455.23 $1,683.88