Altadena Community Energy LLC, a California holding company invest and own a portfolio of solar PV and thermal projects in the Los Angeles metro area. These solar projects are exclusively developed and contracted by Altadena Energy & Solar LLC (AES LLC) and Altadena Energy & Solar Inc. (AES Inc.)
We purchase a portfolio of residential and small commercial rooftop solar projects developed and installed by AES LLC and AES Inc. that ACE will either lease to customers or from which it will sell energy to customers through a power purchase agreement. Our portfolio in 2016 feature an 84kW school project in Pasadena, CA, along with residential systems.
Under lease agreements, each customer would will lease the solar energy generation equipment for a specified term, which can be renewed. Under a power purchase agreement (“PPA”), the customer will lease their rooftop to ACE for the solar panels and purchase power from ACE for a specific term. Once the lease or PPA is terminated, ACE would remove the system. Both methods can allow for the customer to purchase the system after a specific period of time, typically at 10 years or at 20 years.
Our main objectives are: