Project Description

Company Overview

Select Development Corporation is a real estate development and management company focusing on the renovation of existing structures in the Boston metropolitan area.

Challenge

As a company focused on renovating historical buildings for the modern age, Select Development Corporation was looking for ways to improve the sustainability of their properties, in order to help reduce their carbon footprint, but wanted to keep costs down.

Solution

Select Development decided to pursue a solar photovolatic (PV) installation with Solect Energy.

Results

Select Development is projected to save $5,000 annually on its electricity bill, covering 100% of the energy needs for the building’s common areas. Select Development is also 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.

Technical Details

Location: Somerville, MA

Owner: Select Development Corp.

System Size: 28 kW