Green Lantern Solar helps ski industry hit hard by pandemic
Net Metering Program Saving Millions of Dollars for Tourism Industry
Green Lantern solar panel in West Burke. Courtesy photo
Vermont Business Magazine Recent press articles (Vermont tourism industry already exceeds $ 700 million) highlighted the financial blow that Vermont ski resorts have suffered this winter. Nonetheless, thanks to Vermont’s strong net-metering program, Green Lantern Solar has helped keep the economic engines running at various Vermont resorts, including Sugarbush, Mount Snow, Smugglers’ Notch and Pico, and will do so for 20 years.
Green Lantern Solar has developed nearly 100 solar and solar + storage projects that annually generate approximately 75 gigawatt hours of renewable solar electricity and in addition to creating clean energy and savings for customers, Green Lantern’s net metering also generates rental payments for bay hosts in over 65 Vermont cities, resulting in increased tax revenue.
“Green Lantern is proud to support Vermont’s iconic ski industry and will continue to do so for decades through our solar panels,” said Scott Buckley, vice president of finance for Green Lantern Solar.
“(Sugarbush Resort) is very pleased to continue to support the development of renewable energy production in Vermont… said Kevin Babic, Chief Financial Officer of Sugarbush. “The (These Green Lantern) projects help us advance our sustainability goals to continue to green our operations.”
Net metering programs such as the one in Vermont also provide valuable benefits to society. They can provide the economic framework for customers to participate directly in the green economy and the fight against climate change and enable the increased deployment of distributed generation by leveraging external private investments. In fact, a recent report (LINK) from Synapse Economics found that from 2014 to 2019, small-scale solar power in New England enabled utilities and all taxpayers – not just those directly involved in it – save over $ 1.1 billion.
Green Lantern’s projects also contribute to Vermont’s strong renewable energy sector, which state statistics show has generated thousands of quality, well-paying jobs statewide. For example, in Vermont, Green Lantern has remote offices in Waterbury, Addison County, Brattleboro and Waitsfield, and its design consultants are located in Burlington (TJ Boyle), Colchester (Krebs & Lansing), Huntington (Arrowwood Environmental) and Montpelier (Solar Energy Engineering). Green Lantern contractors and their employees are also located throughout Vermont, in Guilford (MT3 Unlimited), Orwell (Homestead Fence), South Burlington (E&S Electric) and Isle LaMotte (Daybreak Solarworks).
Green Lantern Solar is a regional, vertically integrated renewable energy development company that focuses on turnkey commercial solar solutions for municipal, educational, health and government entities. Green Lantern works with landowners to revitalize and redevelop low value sites such as brownfields, landfills, quarries / pits / mining sites and other difficult real estate. The company offers a full range of services: development, financing, construction and operation, maintenance and asset management.
Source: Green Lantern. Waterbury, VT 4.19.2021