New York Companies Adopt Solar Energy - Reduce Costs and Increase Profits
Guest post by Carlos Delaf
New attractive incentives have convinced New York companies to turn into solar photovoltaic energy to decrease electricity bills and thus increase profits.
Solar Success Stories
Mount Kisco Truck and Auto Parts:
In April this year, Mount Kisco Truck and Auto Parts installed a 40-killowatt PV Panel on the rooftop of their business. By doing so they reduced their yearly electricity bills, managed to increase profits and by using the grid they sold back the excess electricity to the local energy utility generating a new source of income for their business.
By using state and federal incentives and tax credits the cost of the project was reduced by nearly 44 percent. By using calculations it is expected that this system will pay by itself within 5 years, according to the Daily Voice.
"When we considered how quickly the payback would come, this just made sense to us," co-owner Peter Finkelstein said to the Daily Voice "We’ve been in business for nearly 100 years, and we plan on being here for a long time."
Rochester Public Market:
The Rochester Public Market, one of the oldest buildings in New York, gets an estimated 22 percent of its power from 66 PV panels that were recently installed on its rooftop, The Democrat and Chronicle reported. This system can generate up to 15 kilowatts of electricity, if we were to compare this with a normal household it would be the equivalent of 15-20 of them. These solar modules provide electricity when the market is open and the excess electricity generated is sold to the local utility just like Mount Kisco Truck and Auto Parts. According to the Democrat and Chronicle, Rochester got $70,000 in funds from federal and state incentives for businesses.
As part of a $2.2 million investment from Burritt Motors in Oswego, Chris Burritt, the organization’s president, decided to invest $200,000 in 200 solar panels using a photovoltaic power system as reported by The Post-Standard. Burritt mentioned that he was looking forward to the investment since it would pay itself after about 5 years. Burritt received about $100,000 from federal tax credits and by New York’s energy research authority. As the other cases, Burritt will see a return on his investment by selling the excess electricity back to the utility company.
More businesses are switching to solar energy - will yours too?
Written by Carlos from Energy Informative
Image credit: Fotopedia