Results achieved in prior matters are not meant to be a guarantee of success as the facts and legal circumstances vary from matter to matter.
Wilentz, Goldman & Spitzer, P.A. attorneys have significant experience in the planning and financing of energy improvement projects, including solar projects and energy savings plans.
We assist in the evaluation of the several financing alternatives by which public entities can achieve energy savings through the installation of solar panels, such as bonding, lease purchase financing, and power purchase agreements. Each of these options has distinct financial, regulatory, and legal implications which must be thoroughly analyzed in order to fashion the best overall structure. We have extensive experience in the analysis and execution of each alternative.
In addition, our Public Finance team is well versed in the provisions of the law that allow public bodies to issue energy savings obligations, whether a lease or bonds, to finance, on a performance contract basis, energy conservation measures. We have structured financial transactions that optimize the financial benefits of these “Energy Savings Plans.” The relatively new law that permits such financings is quite complicated and requires strict compliance with very technical and complex preparation, analysis, selection and financing processes.
Our team has been instrumental in structuring solar projects that have saved school districts hundreds of millions of dollars in energy costs through the installation of solar panels. In 2017, we guided the Middletown Board of Education through performance financing that will fund installation of solar panels on 17 of its school facilities, saving the school district an estimated $6 million in energy costs over the next 15 years.
Everett M. Johnson
Co-Chair, Public Finance Team and the firm's Diversity Committee
Shareholder
732.855.6149
Charles Anthony Solimine
Co-Chair, Public Finance Team
Shareholder
732.855.6430
