Attractive state, federal incentives make “going green” a smart business decision
HOPKINTON, MA – Solect Energy Development, LLC, has partnered with five local businesses to deploy solar photovoltaic (PV) renewable energy systems at sites in Franklin, Norwell and Northborough, Mass. Each business was able to take advantage of attractive state and federal tax incentives made available for solar deployment.
The Moseley Corporation, which works with well-known brands in the food and beverage industry to help them innovate and grow, is deploying a 33 KW solar PV system at its Franklin, MA, headquarters, a former mill building that it shares with several tenants. Moseley will use all of the electricity produced onsite to offset a portion of its current electric bill.
American Plumbing & Heating Corp., based in Norwell, MA, is a leading Boston commercial plumbing contractor for biotechnology, pharmaceutical, medical and industrial piping systems. They are installing a 200 KW solar PV system and will be able to offset 100 percent of their electrical usage via solar.
The third contract shows how building owners and tenants can work together to “go solar.” Parsons Commercial Group (PCG) is a commercial real estate property management and brokerage firm based in Framingham, MA. PCG owns the property at 35 Lyman Street in Northborough along with two of the primary tenants in the building, Active Logistics and ViewPoint Sign and Awning. By deploying a 475 KW system on the roof at 35 Lyman, PCG, Active Logistics and ViewPoint Sign and Awning will be able to offset 100% their electrical costs. PCG will be able to take advantage of “net metering” and use the electricity generated in excess of what is needed at 35 Lyman at other properties owned by PCG to offset the cost of the electricity in the common areas.
“These five businesses understand the real financial benefit building owners and tenants can achieve through the deployment of renewable solar energy solutions,” said Craig Huntley, principal at Solect. “By taking advantage of the state and federal tax incentives available for solar, these companies are able to recognize significant financial benefits, as well as ‘green’ ones.”