New financing resolution allows Arlington Toyota to put in photo voltaic with no upfront prices whereas sustaining full possession of the system
March 22, 2023 – Arlington Toyota, one of many high 100 largest auto dealerships within the US, has put in a 1,734-module, SolarEdge DC-optimized photo voltaic array on the roof of a 2.9 acre constructing in Palatine, Illinois. Within the first 5 months of operation, the system generated 256,930kWh of fresh, renewable power, offsetting 50% of the positioning’s excessive power use and decreasing CO2 emissions by 128 tons.
The challenge was made doable by a brand new funding resolution supplied by installer Photo voltaic One, of Sherman, Texas.
“For a while, we’ve been making an attempt to convey the advantages of photo voltaic power to massive non-public corporations and smaller public. The required funding up entrance has been an impediment that we’ve lastly been capable of overcome with this challenge, “commented Aaron Wilson, CEO, Photo voltaic One.
The photo voltaic set up is being constructed and financed by Photo voltaic One, which can recoup its funding as soon as Arlington Toyota turns into eligible for a number of incentives, together with Photo voltaic Renewable Power Certificates (SRECs), rebates from the state of Illinois, and Federal Funding Tax. Credit score. The DC-optimized resolution was chosen due to its skill to maximise power manufacturing – key to creating the challenge a pretty funding prospect.
“SRECs will be paid for when sure manufacturing targets are met, which implies it is within the curiosity of Photo voltaic One and Arlington Toyota that the expertise we’re putting in produces essentially the most power doable,” Wilson stated. . “We began speaking to SolarEdge about 4 years in the past, and as soon as we knew what the expertise may do, we had been all from that time. market.”
The scope of the set up on the Arlington Toyota website contains 5 SolarEdge 100kW inverters and SolarEdge Energy Optimizers hooked up to every pair of modules to allow unbiased operation. It will increase power manufacturing by mitigating the consequences of air pollution and shading that may restrict the manufacturing of conventional inverter programs. It additionally will increase the usage of house by permitting modules to be put in nearly wherever on the roof, together with round obstructions, resulting in additional beneficial properties in manufacturing.
The SolarEdge Energy Optimizer can be monitored remotely for manufacturing info and fault detection. Within the unlikely occasion of a technical drawback, Photo voltaic One will ship an automated notification pointing to the precise location of the suspected fault, enabling repairs to be carried out shortly and simply. It will end in a major discount in upkeep prices over the lifetime of the challenge, contributing to a pretty anticipated ROI in seven years.
“After the success of the Arlington Toyota challenge, we’ve since funded initiatives for a lot of different similar-sized companies within the US,” Wilson stated. “Our resolution means prospects can set up photo voltaic with no upfront prices and revel in 100% of the advantages and power it produces.”
Gary Vicari, President, Arlington Toyota, commented: “At Arlington Toyota, we pleasure ourselves on doing the appropriate factor for our prospects, the atmosphere, and for the standard of lifetime of native individuals. in renewable power initiatives – the biggest of which is photo voltaic set up. With the technical superiority of the SolarEdge resolution and the progressive funding association supplied by Photo voltaic One, we’re ready to make use of the advantages of photo voltaic power at nearly no price to ourselves. The photo voltaic set up is a large asset to our enterprise, our picture, and our electrical energy invoice, which is now 50% lower than what it was earlier than we put in the system.”
About SolarEdge
SolarEdge is a world chief in sensible power, delivering progressive business and residential options that energy our lives and drive future progress. Leveraging world-class engineering and international expertise, SolarEdge has developed a ground-breaking clever inverter resolution that modifications the way in which electrical energy is harvested and managed in photovoltaic (PV) programs. . On account of these and different improvements, immediately SolarEdge is the world’s #1 photo voltaic inverter firm by income with tens of millions of programs put in in 133 nations. SolarEdge addresses a variety of sensible power market segments via PV, storage, EV charging, battery, UPS, and grid service options.
SolarEdge is on-line at www.soladge.com
