Hunt County Solar Farm

Solar3K's sister company, Yellow Star Power Ltd Co. is developing the first solar farm in Hunt County, Texas. We managing the entire project: Arranging financing, providing tax equity, design, engineering and installation.  More...

Contact Information:

Thureen Khan
thureen@solar3k.com

 

Solar Development Company

Description of Picture.

Solar3K is solar development company located in the Dallas, TX region. Our company was created to provide Cost Effective Solar Power to our customers.

As a solar development company we manage the entire project development process for our customers. We handle the important aspects of financing. As private business we can utilize the 30% federal income tax credit and Modified accelerated cost recovery system (MACRS) decpreciation of solar assets. This helps us reduce the overall cost of the project for the end user.

Power Purchase Agreement (PPA)

Solar power system build via Power Purchase Agreements (PPA) are usually lower than utility rates. PPA are contracts that allow customers to use 3rd Party Solar Developer to build and maintian solar power system. The developer will finance the construction of the the system and hire a solar installer to build the system. Then the developer will sell the output power generated by the system back to customers at kWh rate.

Since the kWh rate is usually lower than the rate charged by utilities, the customer will save money over the long run. PPA agreement usually last from 20 to 30 years. The solar panels have 25 year warranties but solar panels often last over 40 years. The savings provided by the solar power system over the lifetime can be significant to an organization.

Project Process 

  1. Initial consultation
  2. Sign Long-Term PPA with Solar3k
  3. Solar3k conducts design and request bids from local solar installers
  4. Solar3k manages obtaining financing
  5. Construction work begin with selected solar sub-contractors
  6. Solar System is interconnected to the company