Business Wire reported that Signal Transformer, a division of Bel Fuse Inc., completed the installation of a solar PV system at their Inwood, NY facility. Signal Transformer is a premier manufacturer of high-efficiency transformers, chokes, and inductors, which are widely employed in an array of mission-critical power applications worldwide.
"We are proud to help build a clean energy economy in New York State by participating in Governor Cuomo's initiative to make the state's energy systems more efficient,” stated Sandy Axelrad, general manager of Signal Transformer. “This solar project represents our continuing efforts to manage both our electricity costs and our environmental footprint. The installation is a steppingstone in Signal's on-going strategy to maximize its energy efficiency, and signifies our growing commitment to provide the market with innovative, high-efficiency products."
Started in July 2013, the 129 kilowatt (kW) rooftop solar project was designed, engineered and installed by EnterSolar, a New York-based provider of commercial solar solutions. Signal Transformer's state-of-the-art system now provides much of the building's electricity while notably producing enough renewable energy to make up for over 200,000 pounds of carbon dioxide per year. It moreover features smart-grid technology and integrates an advanced supervisory control and data acquisition (SCADA) computer-controlled communications system that enables the Long Island Power Authority (LIPA), managed by PSEG Long Island LLC, to remotely monitor its functions.
The PV deployment incentive program administered by the New York State Energy Research and Development Authority (NYSERDA) and Long Island Power Authority (LIPA) is a key component of the NY-Sun initiative, a public-private partnership intended to expand the growth of the solar industry and reduce the cost of solar technology. Expected to pay for itself in just a few years, the project's cost was partially offset by a 30% federal tax credit and an accelerated depreciation incentive. Moreover, LIPA provided a $172,000 rebate for the system.
"EnterSolar is committed to helping companies achieve their environmental goals and manage their electricity costs," stated EnterSolar's President, Paul Ahern. "The NY-Sun initiative is helping reduce the expenses associated with solar power, and making it financially feasible for companies to realize the benefits of this renewable resource. "