New York-based United Wind, the leading provider of distributed wind energy leasing solutions has set its sights on the wind-rich Midwest market, according to its co-founder and CEO, Russell Tencer, who has announced the opening of a United Wind satellite office in Denver, Colorado.
Similar to the rooftop solar leasing model, United Wind’s popular program offers a fixed rate, 20-year maintenance-free lease to those seeking to immediately reduce their energy bills by harvesting their on-site wind energy with no up-front out-of-pocket costs for qualified customers. United Wind offers a turnkey solution, from permitting and installation to regular maintenance over the lease term. By using proprietary wind analytics software, United Wind is able to guarantee annual production rates.
“We have seen tremendous momentum over the past year with over $20 million in financing and a healthy amount of backorders,” said Tencer. “The Midwest represents a vast opportunity for distributed, small wind projects and our WindLease program enables this underserved market to save on monthly electricity bills using their on-site wind energy. It’s a common sense solution and a game changer for distributed wind.”
Leading the charge for United Wind’s Denver office is Brian Hoyt, who will be heading efforts for the company throughout the Midwest. “Farms and other businesses that utilize United Wind’s WindLease model can expect to save upwards of $300,000 in electricity costs over the life of the project, while homeowners save upwards of $30,000,” said Hoyt. “We provide an easy, low or no upfront cost option to save money on utility bills while harnessing some of the best wind resources in the country.”
United Wind launched the WindLease program in late 2013 in an effort to provide financing to the historically underserved distributed wind market. During its first two years of operations, the company has closed three rounds of project financing, deploying over $20.5 million into hundreds of existing and planned projects throughout the northeast.
United Wind is a leading provider of low-cost distributed wind energy through its WindLease program. Founded on the belief that wind energy must be affordable to compete with conventional, less sustainable energy sources, United Wind provides customers with low-cost wind energy options that make sense for today and the future.