The Plastics Group of America Completes Its Solar Panel Installation at Its 84 Fairmount Production Facility
July 8, 2020
The Plastics Group of America recently completed the installation of a solar array from Solect Energy at its Fairmount production and storage facility. The installation of the solar panels will provide TPG’s Fairmount location with the majority of its power from April-October. Taking full advantage of Solect’s “Smart” approach to the project, TPG will be able to save almost 85% of the project’s cost through the tax incentives it will earn. According to the solar experts at Solect, payback for the project should be less than 4 years and the installation will enable the company to reduce its kilowatt/hour cost from 17 cents down to 3 cents.
TPG’s President, Bob Lebeaux, noted that “partial funding for the project came from the Commerce Rhode Island Grant Program. Simply stated, this is an exceptional project that will save the company money while allowing us to be environmentally conscientious – a great combination.”