Established in Southbridge, MA over 100 years ago, Hyde Tools has grown from a cutlery manufacturer to a manufacturer of hand tools for remodeling and home repair.
As a manufacturer, Hyde Tools has a significant cost associated with their electricity needs. The company was looking for a way to improve their environmental footprint that also made good business.
Hyde Tools partnered with Solect to install a solar PV system on their roof, using innovative tenK panels that are specially designed to mitigate loss of production due to shading.
13% reduction of electricity costs
Hyde Tools is now offsetting 13% of their annual electricity costs, saving over $180,000 per year. The solar savings have allowed Hyde to keep manufacturing jobs in Massachusetts. In addition, the company is able to take advantage of state and federal tax incentives, including SRECs.