Verde Solutions to install 370-kW bifacial solar project for Illinois producer
- Verde Solutions is partnering with the K.R. KOMAREK Inc. to set up a solar energy system on its new manufacturing facility in Wood Dale, Illinois. This 370-kW system is approximated to save $1.6 million in power prices over its lifespan, have a 2.9-year payback period, and a 21.8% internal rate of return (IRR).
KOMAREK layouts as well as makes briquetting, compaction and granulation equipments. Its recently restored Wood Dale facility is 44,000 sq. ft as well as consisted of production and lab areas. The roof solar installment is scheduled to be finished by early Spring 2022.
Verde Solutions made the planetary system to take advantage of various solar incentives, substantially reducing the net financial investment and increasing the IRR. For instance, the project gets $92,448 from the Illinois Smart Inverter Rebate Program and $286,802 from the Illinois Adjustable Block Program (ABP). Furthermore, KOMAREK is eligible for a $186,502 solar financial investment tax credit scores (ITC), as well as $131,053 in government benefit devaluation.
" The monetary returns from this project are impressive and also make purchasing solar power a clear option for KOMAREK," states Christopher Gersch, creator as well as CEO of Verde Solutions. "Although the system will spend for itself in financial savings in less than three years, it is developed to last 30. This type of repayment is a noticeable choice for services like KOMAREK."
With Verde Solution's innovative design, the solar project will certainly generate an approximated 86% of the complete power consumed at the center with the 370-kW solar system. The array will contain 850 bifacial PV modules.