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Commercial Rooftop Solar

Solect Energy

Electricity Focus: Solar PV
Project Description:

Approved Storage & Waste Hauling implemented solar energy at two locations in Mount Vernon, NY—130 Miller Place and 106 Miller Place. They partnered with Solect Energy, a trusted solar developer known for its expertise in developing commercial solar projects. The company used financial incentives, including the NYSERDA NY-Sun C&I Megawatt Block Grant Program, the 30% Federal Investment Tax Credit (ITC), and MACRS depreciation, to maximize the return on investment. Over the 25-year project lifespan, the installations will avoid nearly 3,000 metric tons of CO2 emissions, reinforcing Approved Storage’s leadership in sustainability within the waste management industry. This investment not only aligns with Approved Storage’s mission but also offers substantial financial returns, with a simple payback period of just 2.5 years and an impressive internal rate of return (IRR) of 23%. By turning unused rooftop space into a financial and environmental asset, Approved Storage & Waste Hauling is proving that sustainability and business success go hand in hand.

Key Metrics & Outcomes

Incentives: Cash Grants
Cash Grants: NYSERDA Con Edison Nonresidential MW Block Program
Tax Credits: 30% Federal Investment Tax Credit
Other Incentives: MACRS Depreciation
Lifetime Cost Savings: $1,080,000
Payback Period: 2.5 years
Installed Capacity (e.g., MW, GW): 228KW
Amount of Energy Produced or Saved (kWh, MWh, etc.): 271,559
Carbon Emissions Reduction (tons of CO2 equivalent): 3,000 Tons

Lessons Learned & Best Practices

References and Sources

Project Details

Project Address: 106 & 130 Miller Pl, Mt. Vernon, NY
Completion Status: Completed
New Construction or Retrofit: New Construction

Contact Information

Contact Name: George Ford
Contact Email: gford@solect.com
Contact Phone: 9142008457

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