29 Mar '12, 1pm

Great article from Mr. Del Percio - Incentives & Net Metering Yet to Materialize at 360 State Street:

Great article from Mr. Del Percio - Incentives & Net Metering Yet to Materialize at 360 State Street:

: a 32-story, 500-unit apartment complex in New Haven which is the first LEED Platinum-certified residential building in the state of Connecticut. At the time, developer Bruce Becker was fighting the state’s Department of Public Utility Control to allow net metering of 360 State Street’s units in order to turn on a $4 million, 400-kilowatt fuel cell, for which he expected to receive a $900,000 grant from the Connecticut Clean Energy Fund (which would cover about 50 percent of the fuel cell’s total cost). In order to finance the rest of the purchase price, Mr. Becker anticipated that he could use net metering technology (again, selling excess capacity from the fuel cell back to the local utility) to cover the balance, while submetering individual residents.

Full article: http://www.greenrealestatelaw.com/2012/03/incentives-net-...

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