SOURCE: Nexamp

Nexamp

November 05, 2015 10:00 ET

Nexamp and Nextility Complete Rooftop Solar Project in Waltham, Mass.

Schernecker Property Services to Offset Nearly Half of Its Energy Needs With Solar

BOSTON, MA--(Marketwired - Nov 5, 2015) - Nexamp, a leading provider of solar energy solutions, and Nextility, a provider of power, gas, and solar energy solutions for commercial customers, today announced the completion of an 88 kW rooftop solar system at Schernecker Property Services' (SPS) headquarters in Waltham, MA. The project was designed and built by Nexamp and financed by Nextility, who will own and operate the project.

"SPS is committed adding value for the properties and clients with whom we work," said Fred Schernecker, CEO of SPS. "We are pleased with Nexamp's installation process. With the advancements the solar industry has made, we anticipate strong performance at this location. Positive results should lead to wider adoption of solar by our clients on their properties."

Under Nextility's 15-year power purchase agreement (PPA), SPS will receive a 35% discount off of the utility rate for the energy produced by the 270 panel solar array. SPS expects to save well over $100,000 in electricity costs over the life of the agreement.

"We're pleased to be able to offer significant savings through solar without requiring any upfront investment or behavior change," said Nextility CEO Zach Axelrod. "This was our first PV project in Massachusetts' competitive solar market, and Nexamp's expertise was invaluable."

For Nexamp, this project is the latest in their Massachusetts portfolio of over 225 installations, ranging from small commercial rooftops to utility scale ground-mounted arrays. "Our full solar service offerings and deep local expertise enable us to work with partners at any stage of a solar project," said Zaid Ashai, CEO of Nexamp. "We are always excited to work with innovative partners like Nextility, who advance the development of better energy solutions for Massachusetts ratepayers."

About Nexamp

Named Massachusetts' Top Solar Contract by Solar Power World magazine two years straight, Nexamp is leading the transformation to the new energy economy with proven solutions for solar energy development, ownership, and operation. Our comprehensive capabilities span the entire solar project lifecycle -- from project development, design and construction to financing and operations and maintenance. Our ability to provide integrated, best-in-class solutions makes solar energy simple and profitable for our clients and partners. Learn more at www.nexamp.com.

About Nextility
Nextility is a tech-driven energy company that helps business of all sizes understand and take control of their energy costs. Our tech platform and energy experts help you find the best competitive energy plan in your area, and our solar offering can help you reduce your energy demand. We take the complexity out of energy so you can get back to what matters most -- running your business.

About Schernecker Property Services
Schernecker Property Services is a full-service contractor that provides capital improvements for New England condominium and multi-residential properties. We provide a convenient one-source contracting solution for property managers, trustees, and owners who want the job done right the first time.

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