12.19.17
Precision Custom Coatings, a global leader in production, design and distribution of laminated solutions and nonwoven products, partnered with Dynamic Energy Solutions, LLC, a turnkey solar energy solutions provider, to install a 1.4 MW rooftop solar system at its Totowa, NJ, facility. The system is expected to produce approximately 1,800 MWh of energy during its first year which will offset electricity at the facility.
"This solar project will offset a good portion of our energy usage, resulting in substantial savings while reducing our carbon footprint," says Moe Kovangji, general manager of Precision Custom Coatings.
The solar system is expected to save Precision Custom Coatings an estimated $6.5 million in energy costs over 25 years. The installation of the solar system will also help Precision Custom Coatings reduce its carbon footprint by eliminating approximately 1333 metric tons of carbon dioxide, equivalent of powering 200 homes or removing 285 passenger vehicles from New Jersey roads each year. The project is eligible for the New Jersey SREC incentive program, which will provide Precision Custom Coatings with significant revenue for the next 15 years, in addition to energy savings.
"This solar project will offset a good portion of our energy usage, resulting in substantial savings while reducing our carbon footprint," says Moe Kovangji, general manager of Precision Custom Coatings.
The solar system is expected to save Precision Custom Coatings an estimated $6.5 million in energy costs over 25 years. The installation of the solar system will also help Precision Custom Coatings reduce its carbon footprint by eliminating approximately 1333 metric tons of carbon dioxide, equivalent of powering 200 homes or removing 285 passenger vehicles from New Jersey roads each year. The project is eligible for the New Jersey SREC incentive program, which will provide Precision Custom Coatings with significant revenue for the next 15 years, in addition to energy savings.
