Rockville, Md.-headquartered Standard Solar Inc. is installing a 111 kW solar photovoltaic system on the rooftop of the manufacturing facility of the D.R. Templeman Co., a family-owned manufacturer of springs and wire forms in Plainville, Conn.
The 360-panel array, expected to produce 127 MWh of power per year, will cover 100% of the facility's energy needs and offset nearly 90 metric tons of carbon dioxide annually. Standard Solar is both developing and installing the system.
The project is being funded through an operating lease, designed to make the acquisition of solar affordable by combining tax efficiency with the Connecticut Zero Emissions Renewable Energy Credit (ZREC) program. The Connecticut ZREC program provides utility customers who generate their own power using zero-emissions renewable processes with production-based payments for 15 years, in addition to their avoided electric cost savings.