SEKO Takes Advantage of Tax Credits to Add Solar Solution
SEKO Worldwide plans to use solar energy to power most operations at its Portland, Ore., facility. The company was able to take advantage of a range of tax credits and incentives to fund the forthcoming installation, reports CoolerPlanet.
SEKO owner Paul Burkhart said that federal, state and local incentives reduced the cost of the installation by 80 percent.
The 33,000 square foot facility will receive 143 solar panels capable of generating 31 kilowatts of electricity, or about 80-90 percent of the facility’s needs.
SEKO, which is involved in the logistics market, expects its energy costs to drop about $600 a month because of the upgrade to solar, according to a press release.
A Federal Investment Tax Credit is providing about $50,000 in tax credits, while an Oregon Business Energy Tax Credit will chip in another $54,740.
The facility is set up to sell any unused electricity back into the grid. Grape Solar is handling the installation.
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