Main Street Power Starts Construction of Solar Systems at Denver Public Schools, City and County of Denver, Colorado Department of Corrections and Pueblo County

Boulder, CO, September 02, 2010 --(PR.com)-- Main Street Power Company, Inc., a leading Colorado based solar PV developer, has started construction on 2.8 megawatts of distributed solar photovoltaic systems on 35 sites for Denver Public Schools, the City and County of Denver, the Colorado Department of Corrections and Pueblo County. Main Street Power will install, own and operate these solar systems.

These solar projects will eliminate an estimated 61,020 metric tons of CO2 emissions over the project term, which is equivalent to removing 5,830,000 vehicle miles off the road per year. “Not only are we proud of the savings we will receive from solar installations but we are pleased that the Denver Public Schools can positively impact the environment. We encourage more school districts to embrace solar energy,” stated Jim Faes, Denver Public Schools Sustainability Director.

Main Street Power will offer hands-on experience through a solar training program for local residents in low-income communities. Denver Mayor John Hickenlooper explained, “This project is another great example of how unique public-private partnerships can benefit our entire community. In this case, the City, Denver Public Schools and Main Street Power are coming together to create jobs, save taxpayer dollars and reduce pollution. We thank Main Street Power for their commitment to generating cost-effective clean energy for our City buildings.”

The Denver Public Schools have received a solar curriculum from Main Street Power. “The solar training workshops are an original and creative notion to introduce students to solar energy. The job fields are changing today and will continue to evolve in the future. We are happy to work with Main Street Power to help educate our kids and prepare them for the continuously changing economy,” explained David Suppes, Denver Public Schools Chief Operation Officer.

Main Street Power is financing these projects using a unique combination of New Markets Tax Credits (NMTC) and several federal, state and utility incentives. “Not only will the NMTCs help Denver and Denver Public Schools, the Department of Corrections and Pueblo County lower their energy costs, but they will also support job creation and economic investment within the neighborhoods where the installations will occur,” said Cris White, executive director and CEO of the Colorado Housing and Finance Authority, who is one of the financing partners. Main Street Power’s CEO, Amory Host added, “We are excited to be part of this innovative public-private partnership to bring environmental, social and economic benefits to our clients.”

About Main Street Power
Main Street Power develops, installs, owns and operates solar projects in North America and sells solar electricity through Power Purchase Agreements to its customers. Main Street Power helps schools, universities, municipalities, corporations, nonprofit entities and low-income communities to adopt solar energy without the requirement of an upfront capital outlay. The company has completed one MW of installations for the University of Colorado Real Estate Foundation and for the Colorado cities of Lafayette and Westminster and has a national pipeline of upcoming projects.

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