The D.R. Templeman Company (Templeman Co.), a family-owned manufacturer of springs and wire forms based in Plainville, CT, has installed a 360-panel, 111kW solar PV system on the rooftop of its manufacturing facility. The company selected Standard Solar to develop the project and install the system.
The array, expected to produce 127,000 kWh of power per year, will cover 100% of the manufacturing facility’s energy needs and offset nearly 90 metric tons of carbon dioxide annually which is equal to the amount of CO2 emissions sequestered each year by a 70 acre U.S. forest.
“Our decision to go solar directly reflects our company values by actively promoting sustainability through the efficient use of clean, renewable resources,” said Richard Williams, President, Templeman Co. “Standard Solar has been extremely helpful throughout the design, application and financing processes and we are very grateful for their guidance and expertise.”
The project is being funded through an operating lease. This type of financing is designed to make the acquisition of solar affordable by combining tax efficiency with the Connecticut Zero Emissions Renewable Energy Credit Program (ZREC). The Connecticut ZREC program provides utility customers who generate their own power using zero emissions renewable processes, such as solar PV, with production based payments for 15 years, in addition to their avoided electric cost savings.