Secure Solar Futures and Pardee Renewable Energy Partner on Solar Project for Roanoke Schools

Strategic Insights -

Secure Solar Futures, a leading provider of commercial-scale solar solutions, has partnered with Pardee Renewable Energy to develop and operate 5.7 megawatts of solar power projects at nine locations of the Roanoke City Public Schools. The project, valued at $46.5 million, will provide significant savings to the schools over the next 35 years, including avoided utility costs and roof replacement expenses. The solar photovoltaic systems are scheduled to be installed and placed in service by the end of 2025.

Key Takeaways:

  • Secure Solar Futures has signed an agreement with Pardee Renewable Energy to provide $15.2 million in equity financing for the solar project.
  • The project, which will be installed at nine locations of the Roanoke City Public Schools, will generate 5.7 megawatts of power and will be operational by the end of 2025.
  • The project is expected to generate net savings to Roanoke City Public Schools of $46.5 million over the next 35 years, including avoided utility costs and roof replacement expenses.
  • The project will also include the restoration of seven rooftops to make them solar ready, which will prevent over $14 million in roof replacement costs over the next 35 years.
  • The solar panels will be bifacial, generating power on both sides and increasing efficiency by 6% or more compared to traditional solar panels.
  • The project is a joint effort between Secure Solar Futures, Pardee Renewable Energy, GOT Electric, Commonwealth Power, Skyline Roofing, and City National Bank.

Statistics:

  • $15.2 million: The amount of equity financing provided by Secure Solar Futures to Pardee Renewable Energy for the solar project.
  • $46.5 million: The net savings generated by the project over the next 35 years, including avoided utility costs and roof replacement expenses.
  • 5.7 megawatts: The total power generated by the solar project.
  • 9,766: The number of bifacial photovoltaic modules to be installed.
  • 6%: The increase in efficiency generated by the bifacial solar panels compared to traditional solar panels.
  • 35 years: The timeframe over which the project is expected to generate net savings.

Sources:

  • GlobeNewswire, "Secure Solar Futures Partners with Pardee Renewable Energy on Roanoke Schools Solar Project" (Accessed August 7, 2025).
  • Secure Solar Futures, "About Us" (Accessed August 7, 2025).