(BUSINESS WIRE)--Lighthouse Solar™, a premier supplier of renewable energy solutions to residential, commercial and industrial consumers nationwide, announced a power purchase agreement (PPA) with a new cutting-edge climbing gym. This ground-breaking agreement raises clean energy standards through a financing structure that pays investors while reducing the building owner’s energy costs.

When the world’s first solar-powered climbing gym, Movement Climbing and Fitness, opens in Boulder in July, its electricity will be produced by a 100-kilowatt photovoltaic array and its water will be heated with a 90-square-foot evacuated tube solar thermal system. The project was financed in part by the PPA, in which Lighthouse Solar™ owns the system and the building owners purchase the electricity it produces. The building owners benefit from a fixed power cost 10% below the current grid electrical rate, with savings increasing as electrical rates rise. Lighthouse Solar™ benefits by taking advantage of local, state and federal incentives and tax breaks which, combined with the monthly revenue stream from selling the electricity, provide investors in the PPA with a solid and predictable return on investment.

READ MORE