News items re: Solar and/or Southern Current – Default Category

Solar power surge: $340 million investment seen as key to development in Darlington County

DARLINGTON, S.C. — Darlington County officials said last year’s announcement that a solar energy company would invest $340 million to build 17 solar farms in the county shows that Darlington County means business.

Southern Current, a leading developer in the residential, commercial and utility-scale solar markets, announced it would expand its solar farm portfolio with facilities throughout the county.

Southern Current is an owner and developer of utility-scale solar energy facilities across the southeastern United States.

Darlington County economic development director Frank Willis said at the time that the announcement sends a powerful message about Darlington County as a place for industry to do business.

“We’re excited,” Willis said.

He said the investment will be the largest single investment in solar energy facilities in any county in South Carolina.

Willis said the new facilities will be a significant factor in attracting new industry to Darlington County.

“One key component to recruiting industry is when they look at an area, they want to know what the cost of power is,” he said. “What this says, with 17 sites and $340 million, that’s a lot of access to energy in Darlington County, and it’s all over the county. It’s not just in one part of the county.”

“Southern Current is proud to make Darlington County home to many of our projects,” said Southern Current chief development officer Paul Fleury. “We’re excited to roll out these major clean energy infrastructure investments over the next three to five years, which will produce substantial tax revenues to the county for decades to come. This wouldn’t be possible without the strong support of the county, partnerships with the economic development team and all of our vendors that help to make this possible.”

Darlington County Council Chairman Bobby Hudson welcomed the announcement.

“Southern Current’s substantial investment in solar power in Darlington County is consistent with our commitment to environmentally-clean growth,” Hudson said. “We are confident this will be a mutually-beneficial partnership for the company and our community.”

https://www.scnow.com/news/progress/article_2ff2e804-6d02-11e9-9fb0-77d912824559.html

Utility Dive: South Carolina compromises on PURPA contracts, eliciting Duke support for pro-solar bill

Southern Current Plans $14 Million Solar Farm in Hampton County, South Carolina

April 30, 2019

Southern Current, a leading developer in the residential, commercial and utility-scale solar markets, is expanding its solar farm portfolio with a new, 10-megawatt facility in Hampton County. The company is investing $14 million in this latest project.

Southern Current is an owner and developer of utility-scale solar energy facilities across the southeastern United States. With an in-house team of development professionals, the company manages projects from site selection and origination through construction and operation.

“Southern Current is excited to be working with Hampton County again. The economic development team has been a strong supporter of solar energy, and we are proud to have another opportunity to invest in the county. With the help of Hampton County, South Carolina is becoming a leader in renewable energy.,” said Southern Current Chief Development Officer Paul Fleury.

“As solar power continues to spread across the Palmetto State we are excited to celebrate this newest investment in Hampton County by one of our oldest solar partners, Southern Current,” remarked Gov. Henry McMaster.

“Investments like this one continue to grow South Carolina’s reputation as a top business destination for industries of all types. I’m proud to welcome Southern Current’s latest operation to Hampton County and celebrate, not only the economic opportunities, but the environmental opportunities this project will generate,” added Secretary of Commerce Bobby Hitt.

“Hampton County welcomes Southern Current’s project to our community, where we support innovation and technology to create the most efficient methods of producing energy to power our homes and businesses. We trust that Southern Current will be an asset to our local and regional economies,” said Hampton County Council Chairman Clay Bishop.

“Southern Current will be a welcome addition to our mix of alternative energies in our region,” said Hampton County Economic Development Commission Chairman Bill Hager.  “We look forward to working with our utility providers to provide a diverse array of energy generation to grow our business community.”

“SouthernCarolina Alliance is pleased to work with Southern Current, a provider of state-of-the art solar energy production, in bringing innovative solutions to this industry sector.  We appreciate their investment in our region and our future,” said SouthernCarolina Alliance Chairman Marty Sauls.

Homes With Solar Panels Sell for 4.1% More According to Zillow Report

Not only can adding solar panels to a home save energy costs and help the environment, it also can potentially increase a home’s value. During the past year, homes with solar-energy systems sold for 4.1% more on average than comparable homes without solar power. For the median-valued home, that translates to an additional $9,274.

The sale premium varies substantially by market. In Riverside, Calif., for example, homes with solar-energy systems sold for 2.7% more than comparable homes without solar power—a markup of $9,926 for the median-valued home in the metro. In the greater New York City metro, solar-powered homes have a premium that is double that of Riverside. At 5.4%, that’s an extra $23,989 in value for the typical home in New York.

In three other coastal metro areas—Los Angeles, San Francisco and Orlando, Fla.—homes with solar power can fetch a premium of around 4%.

One reason houses with solar-energy systems sell for more than those without them is because they can provide substantial future energy cost savings. For homeowners who know they consume a lot of power, these future savings are worth spending a bit more money up front. It is also possible that homes with solar-energy systems are more likely to have other features that are hard to measure yet valuable, like heated floors, which could contribute to the premium associated with solar power.

Personal preferences play a role, too: More than 80% of home buyers say energy-efficient features are important, according to the Zillow Group Consumer Housing Trends Report.

Methodology

We calculated the solar premium by comparing homes with and without solar-energy systems that were listed for sale and sold from March 1, 2018 to February 28, 2019, controlling for observable attributes of the homes, including bedrooms, bathrooms, square footage, age of the home and location.

https://www.zillow.com/research/solar-panels-house-sell-more-23798/

There’s Still Time To Lift The Cap!

Contact your South Carolina senator today to let them know you want lower energy bills, cleaner power sources, and a benefit from generating power for the grid! Find your lawmaker here: www.tenfund.org

Vote yes, save jobs! South Carolina’s largest newspaper recently issued their opinion that the Energy Freedom Act should be passed by the Senate, after a unanimous approval by the house. Without the act, “would put nearly 3,000 rooftop solar installation jobs at risk and shortchange homeowners with solar panels.”

https://www.postandcourier.com/opinion/editorials/expand-solar-markets-in-south-carolina/article_be18969a-50cb-11e9-ab2f-d3b06778e97c.html

“South Carolina businesses thrive when they are allowed to innovate.” So says The State newspaper in Columbia, as it supports the benefits of solar for the state’s industrial competitiveness. “Smart energy policy…is an economic winner.” https://www.thestate.com/opinion/op-ed/article227845344.html