TRAVELERS REST, SC (WSPA) – Furman University has announced plans to install a 743-kW solar photovoltaic (PV) array on six acres of land near the main campus entrance along Poinsett Highway.
According to Jeff Redderson, Furman’s Associate Vice President for Facility and Campus Services, installation of the solar panels will reduce campus wide electricity expenditures by up to 5% and campus wide greenhouse gas emissions by 3%, supporting the University’s goal of carbon neutrality by 2026.
The $1.7 million project was recently approved by Furman’s Board of Trustees.
The university expects an 8-year return on investment.
Furman has contracted with Power Secure Solar, a North Carolina-based company with a local office in Greenville.
Duke Energy has also provided Furman with a $997,000 solar rebate to help with installation costs.
Until recently, statewide regulatory limits on solar power production constrained Furman’s progress towards its renewable energy goals. In 2014, passage of South Carolina Senate Bill 1189 (Distributed Energy Resource Program Act) increased on-site production limits. Connection of the current project will bring the University’s on-site solar power generation near the new maximum capacity of 1000-kW.