Solar Project

A new solar project will soon be delivering clean and renewable energy to some of our busiest facilities. Solar panels on steel carport structures will be installed at Canyon Lake Country Club, in the Canyon Lake Lodge parking lot, and at the Equestrian Center. These solar panels will generate over one million kilowatt-hours of clean energy and provide ample shaded parking options.

These solar panels have no upfront cost for the Canyon Lake POA. Instead, the Canyon Lake POA will purchase the generated electricity at a much lower cost than current rates. Additionally, we will be locked in at set rates for 25 years. The annual rate escalation from Southern California Edison remains unknown, so this will guarantee that the Canyon Lake POA pays a fixed amount over the next 25 years. We are expected to save nearly three million dollars over 25 years. 

 

This project has been discussed here for many years, and staff worked with several providers to bring this shovel-ready project and proposal to the board. The contractor will construct a solar carport at the Lodge parking lot and solar panels in the Country Club driving range area, and the Operations yard. , which will also provide much needed shade in the hot summer months. This system will be built at no upfront cost to the Canyon Lake POA. 

On April 5, 2022 the Board of Directors approved to engage in a Power Purchase Agreement/Community Solar contract. The cost to construct this system is over $2,000,000 and the contractor will bear 100% of the construction and engineering costs of this system. In exchange, the Canyon Lake POA will purchase electricity from the PPA provider at fixed costs that are much less than the current Socal Edison rates, for a period of 25 years. The current blended SoCal Edison rates are $0.30 per kWh. In the first year the Canyon Lake POA will be purchasing clean energy produced onsite for $0.149 per kilowatt hour. In 25 years, the PPA rates will cap at $0.189 per kWh while SoCal Edison's rates will undoubtedly be much higher than they are today. The estimated energy savings to the Canyon Lake POA is nearly $3,000,000 over 25 years.