SCOTCH PLAINS, N.J., May 2, 2019 /PRNewswire/ -- Today, Keystone Power Holdings, LLC (Keystone) and the JCC of Central New Jersey (JCCNJ) are celebrating the one-year anniversary of the completion of their solar energy project. Located in Scotch Plains, New Jersey, the 223.56 kW installation was developed, financed and is owned by Keystone. JCCNJ buys the power that is generated at a discount to current utility rates from Keystone. In its first year, the project has produced more than 200,000 kilowatt hours (Kwh) of energy.
"The JCCNJ is a great client for us. We've been able to work together to help them better manage their energy costs and reap the benefits of solar energy over the last 12 months," said William DePhillipo, co-founder of Keystone Power Holdings. "We continue to look to expand our portfolio of non-standard financings in the New Jersey market and elsewhere, enabling non-profits and other smaller organizations with unique financing needs to go solar."
"Keystone Power Holdings' flexible financing enabled us to undertake this project, reducing our ongoing energy costs as well as our carbon footprint," said Mike Goldstein, Executive Director of the JCC of Central New Jersey. "This project delivers us annual energy savings of more than 20%, giving us more funding to put towards contributing to our vibrant JCC community and fulfilling our mission."
Keystone has been focused on providing non-standard financing to smaller clients like non-profits and other organizations across North America. With no upfront investment from its clients, Keystone partners with its clients to develop and build first-class solar facilities with affordable and sustainable financing arrangements. In New Jersey, many of Keystone's systems are subsidized by the New Jersey Solar Renewable Energy Credit Program (SREC).
About Keystone Power Holdings, LLC
Keystone Power Holdings, LLC is a renewable energy developer and owner of solar energy facilities. We specialize in developing medium to large-scale photovoltaic solar systems across North America. We develop facilities for our clients on their properties, either on the ground or rooftop, while passing on savings. For more information, email email@example.com or visit our website at www.keystoneph.com.
About the JCC of Central New Jersey (JCCNJ)
The JCC of Central New Jersey is a not-for-profit social service agency committed to serving both the Jewish community and the community at large. Our mission is to provide social, recreational, educational and cultural programs and humanitarian services for individuals and families through all phases of life. We are located at 1391 Martine Avenue in Scotch Plains. The JCC of Central New Jersey is a constituent agency of the Jewish Federation of Greater MetroWest NJ and the Westfield United Fund. Financial assistance is available for membership and various programs. For more information email firstname.lastname@example.org or visit our website at www.jccnj.org.
SOURCE Keystone Power Holdings, LLC