DT Solar, a Turner Renewable Energy company, and Hall’s Warehouse Corporation, a family-owned refrigerated and frozen food storage and distribution company, announced an agreement to build a 2 MW solar electric power system to supply electricity to their facility in South Plainfield, New Jersey. When completed, this project will be the largest rooftop solar electric system serving a private company in the United States.

The solar power system will be located on one of Hall’s seven state-of-the-art frozen and refrigerated warehouses serving the Northeast and Mid-Atlantic states. The solar array will consist of approximately 13,500 solar modules, which will produce nearly 3 million kWh of clean energy and will eliminate more than 2 million pounds of CO2 emissions annually.

Hall’s will make no up-front investment in the solar project. Instead, Hall’s will purchase all of the electricity produced by the system under a long-term agreement at rates below what they would pay the local utility for electricity.

“We are very pleased that we can significantly cut our energy costs, while furthering our overall commitment to energy conservation and clean energy technology, without any up-front capital outlay,” said Bill Jayne, who owns the company with his two brothers. “This means that we realize savings from day one — the payback is immediate, both for the business and for our environment.”

The solar power system will be installed as part of the New Jersey Board of Public (NJBPU) Utilities’ “SREC (Solar Renewable Energy Credit) -Only Pilot Program”, which is a new market-based incentive program introduced by the NJBPU to replace the up-front cash rebates offered in recent years as a means of meeting the state’s legislatively mandated solar power development goals. The “SREC-Only Pilot Program” enables the financing for the project by creating a market for trading SRECs in the state and providing a level of assurance on the value of SRECs over an eight-year timeframe.

For more information, please visit their webpage: http://www.njcleanenergy.com/renewable-energy/program-updates/solar-transition
/srec-only-pilot-program/srec-only-pilot-program

“Hall’s commitment is a milestone for the solar market and for New Jersey’s new solar financing program,” said Jeanne Fox, President of the NJBPU. “This project, and the SREC financing that makes it possible, brings us one step closer to reaching our goal of 2 percent by 2020.”

DT Solar will design, build and operate the system, and work with an investment partner to finance the cost of the installation. Revenue from electricity sales to Hall’s, and the sale of SRECs to New Jersey electric utilities, will pay for the investment over time.

Tom Kuster, CEO of DT Solar said, “Hall’s leadership, with the support of the NJBPU, continues to raise the bar for the rest of the nation in terms of solar power.”

About Hall’s Warehouse Corporation:

Hall’s Warehouse Corporation is a family owned and operated company since 1927. They have six warehouse facilities serving the Northeast and Mid-Atlantic states comprising over 1.5M square feet of refrigerated, frozen, and dry storage space.

For more information, please visit their website: http://www.hallscorp.com/

About DT Solar:

DT Solar develops and delivers clean, reliable and cost-effective solar electric power systems for commercial, industrial, government, and utility clients. Turner Renewable Energy has developed many of the largest and technically demanding solar power systems in North America.

For more information, please visit their website:

http://www.turnerenewablenergy.com/

Source for this post: DT Solar

Websites: http://www.turnerenewablenergy.com/

http://www.hallscorp.com/
http://www.njcleanenergy.com/renewable-energy/program-updates/solar-transition
/srec-only-pilot-program/srec-only-pilot-program

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