Saves Nearly a Quarter Million Dollars over 10 Years
December 19, 2017 – BEVERLY, MA – Beverly Athletic Club (BAC), the premier health and athletic club on the North Shore, has partnered with Solect Energy, the state’s leading commercial-scale installer of solar energy systems, to install a 128 kilowatt (kW) solar energy system on the athletic center’s roof. The solar array consists of 320 photovoltaic (PV) panels and is expected to produce 155,041 kilowatt hours (kwH) of energy annually. The power generated will cover 33 percent of the BAC’s energy needs, and is equivalent to the annual charging of 7,752 electric vehicles or 31,008,200 smart phones. It is projected that BAC will save approximately $233,000 over the course of 10 years.
Solect carefully examined BAC’s energy usage patterns and other factors in order to design the optimum solar energy system. Solect then worked to make sure that BAC would achieve maximum ROI through a myriad of solar incentives. BAC is projected to save an average of approximately $23,000 annually on its electricity bill. Additionally, BAC is able to take advantage of state and federal tax and financial incentives, including SRECs (Solar Renewable Energy Certificates), which are financial incentives based on the amount of solar energy the system generates. Electrical utility providers in Massachusetts purchase SRECs to help them meet their state-mandated goals of a percentage of power coming from renewable energy sources.
“Solect did a great job making a complicated proposition clear and straightforward, and they were very helpful in shepherding us through the process, but the best part of this solar project is yet to come,” said Ed Soul, Owner of Beverly Athletic Club. “We anticipate our electric bill dropping by a third. In addition, we are thrilled to be able to lower our carbon footprint, and continue our commitment of being a good steward of the environment.”
BAC has been committed to a variety of green initiatives. The club recycles, works to reduce paper waste, and has shifted to all LED lighting to reduce power consumption. It also contributes to green initiatives such as Change is Simple, which educates youth on how to be more green and protect our planet.
“Beverly Athletic Club turned to solar to substantially reduce their operating costs, while also pursuing their goal of being an environmental leader in their community,” said Jeff McCallion, Business Development Manager. “The facility’s flat roof made it ideal for installing a large array that could generate a third of their electricity needs. Not only does BAC gain significant financial savings, but they also garner recognition and respect from their members and the community at large for their leadership in sustainable practices.”
BAC will use some of the savings from the solar system to continue making efficiency improvements. Additionally, funds will be earmarked for the continual updating of club facilities and equipment.
About Solect Energy
Solect Energy is a full-service solar photovoltaic (PV) project developer and installer based in Hopkinton, Massachusetts, delivering smart solar and energy management solutions to help businesses and organizations reduce energy costs. As an industry leader in commercial-scale solar energy, Solect takes a practical approach to the development, installation and ongoing support of each system. We partner closely with our customers, providing strong financial insight and solar technology expertise to optimize their investment while creating a positive impact on the environment. Solect currently has installed over 75 MW (megawatts) of commercial PV systems, with a primary focus on commercial, light industrial and institutional properties in New England. For more information, visit http://www.solect.com or follow us on Twitter at @SolectSolar.
Founded in 2001, Beverly Athletic Club (BAC) is a family-oriented club with facilities and classes for all ages offered within its expansive 40,000 square foot building. It boasts state-of-the art fitness equipment, Les Mills Group Exercise programs, Private women only fitness area, personal and small group functional training, Pilates, an Aquatic Center with a 65-foot heated indoor/outdoor pool, indoor basketball court, Baby-sitting, a kids play zone, and Solei Salon and spa and Soul Physical Therapy