SPG Solar announced that it has completed a one megawatt DC solar power system for solar developer STC Solar in Woodbridge, New Jersey.
The solar system, consisting of more than 3,600 solar panels, was installed on the roof-top of Kessler Sales & Distribution warehouse under a Power Purchase Agreement (PPA) that STC Solar entered into with Kessler. About one-third of the system output provides power to the Kessler Facility while the remaining two-thirds of the power generated is sent directly to the “power grid,” which is providing green sustainable power to the citizens of New Jersey.
SPG Solar Inc., a leading national solar energy company, engineered, constructed and will maintain the system. The system is expected to generate more than 1.1 million kilowatt hours annually, which is the equivalent of powering up to 107 average American homes yearly.
STC Solar, a national solar power developer headquartered in Miami, developed, financed and owns the system. Through a long-term PPA, STC Solar was able to offer Kessler, a national plumbing distributor, the benefits of solar power generation, with no upfront capital costs, along with rates lower than the utility.
“As a distribution company impacted by volatile oil and energy costs, Kessler is planning for the future by locking in a predictable, long term cost of electricity while at the same time supporting local economic development in New Jersey,” said SPG Solar CEO and President Chris Robine.
Charles Treister, a partner in STC Solar said, “This one megawatt rooftop solar power system showcases the high financial returns and benefits for the use of commercial solar energy. It is a win-win for all parties involved, saving money for businesses and helping the U.S. provide green jobs while promoting energy sustainability.”