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Yarotek, a Miami-based solar developer and independent power producer with regional headquarters in San Juan, and REC Solar, a provider of comprehensive commercial solar and energy solutions, has completely constructed an 874 kilowatt solar array for Ballester Hermanos Inc. in Dorado, Puerto Rico. The roof-mounted array will reduce electricity costs for the distribution warehouse, starting with projected savings of over $100k in 2015 and up to $200k per year by 2040.
Partnering with REC Solar for the installation, operation and maintenance of the system, Yarotek provided a solar Power Purchase Agreement (PPA) to Ballester Hermanos Inc. that will enable the distributor to save more than 40% on its electric bill with no upfront cost. Over the 25-year financing agreement, the solar installation is expected to save Ballester Hermanos millions of dollars.
The PV system, one of Puerto Rico’s largest commercial rooftop projects to date, is comprised of over 2,500 highly efficient SunPower PV modules. The system was awarded a rebate from the Puerto Rico Green Energy, and also qualifies for the United States federal tax credits.
“We are always looking for ways to be socially responsible, reduce our operating expenses and increase profits, but previously thought that solar was out of reach,” said Alejandro Ballester, President of Ballester Hermanos. “When we learned that a Power Purchase Agreement would deliver savings of over $100K per year with no upfront costs, going solar became a no-brainer.”
With hurricane season bringing torrential rains and winds of up to 150 mph in Puerto Rico, solar providers must design and construct systems to withstand severe weather conditions. REC Solar’s experienced engineers and installers conducted comprehensive site assessments to ensure the warehouse roof and racking solution met Puerto Rico’s strict building codes.
“Today, by harvesting the abundant solar resource, Yarotek has become a proven partner in the development and financing of distributed generation solar projects in the US and the Caribbean,” said Samy Esayag, Chief Executive Officer of Yarotek.