JB Moving Services Inc. has gone solar at its headquarters in Stamford.
“Being socially and environmentally responsible is a high priority for JB Moving,” said Joseph Barone Jr., president of JB Moving Services Inc. “That”™s why we chose to go green with solar PV.”
According to The Connecticut Clean Energy Fund, the 46.2-kilowatt solar photovoltaic system is up and operating.
The solar fixtures, which are mounted on the roof of the company”™s storage facility, consist of 220 solar panels that are expected to supply approximately 55 percent of the facility”™s electricity. The installation was supported with a grant from Connecticut Clean Energy Fund”™s (CCEF) on-site renewable distributed generation program.
Â
JB Moving, a provider of residential and commercial relocations, was founded in 1986 and has offices in Stamford, and New Rochelle, N.Y. The company also offers climate-controlled space for long- and short-term storage of household or commercial furniture.
Â
“If people are truly concerned about being green and the impact of green practices on our future, then they should do business with companies that are embracing green practices,” said Barone. ?Barone said the company decided to install solar panels at its Stamford facility to help control its energy costs and protect the environment. ?The financing for the solar array was structured using an equipment lease agreement. Barone said this type of agreement enabled JB Moving to add solar PV to its infrastructure without incurring any upfront cost for the installation. JB is pursuing its solar options in its New Rochelle location.
Under the terms of the 10-year agreement between JB Moving and Technology Credit Corp. of San Jose, Calif., Technology Credit Corp. will own the system and rent it to JB Moving. A grant of $177,966 from CCEF defrayed almost half of the total project cost. Mercury Solar Systems of New Rochelle, installed the system.
“JB Moving marks the third commercial financing in Connecticut by Technology Credit,” said Scott Hawkins, chief financial officer of Technology Credit Corp. “Without the strong financial support of the CCEF program, lenders would not be able to offer end-users such competitive financing options.”
Lise Dondy, president of CCEF, said the installation will enable JB Moving to have substantial control of its energy costs.
“With over 70 businesses in Connecticut turning to solar PV technology, solar has clearly become a technology of choice to help improve the bottom line and protect the environment,” said Dondy.
