Southern California packing company contracts Revel Energy to develop a 246 kW-DC commercial solar system. The system puts environmental benefits and energy costs savings at the forefront for this California business with several locations nationally.
The signing comes as another welcome boost to Revel’s sustained growth. As the company continues its equity offering via StartEngine crowdfunding (view offering here), new signings are welcome news to stakeholders.
According to Energy Toolbase, the system will produce 430,000 kWh of free electricity. The estimated value of (year 1) free electricity is in the $65,000-75,000 range. This kind of savings is estimated to give the user a 2.9 year payback. Additionally, per the EPA Greenhouse Gas Equivalencies Calculator, producing 430,000 kWh annually with solar is like planting over 5,000 new mature trees, completely avoiding the CO2 produced by 34,000 gallons of gasoline through self-generation.
“California packagers pay some of the highest rates in the US,” explains Alan Lee, CEO of Revel Energy. “With commercial solar, our customers can capitalize on energy cost savings, significant tax credits and reduced carbon emissions.”
This project adds to Revel Energy’s long list of new customers and bolsters a growing backlog. Next steps include engineering, permitting, construction and finalizing with Permission to Operate or PTO. In 2021, Revel achieved 4.7 MW of PTO.
Revel Energy has helped commercial, industrial and agricultural businesses take control of their consistently-rising electricity costs with dynamic energy solutions including commercial solar, energy storage, LED retrofitting and EV charging stations determined around their needs. Contact Revel today to learn how much your business could save in the face of future rising electricity costs.
Commercial grade rooftop solar is ideal for: manufacturing, warehousing, logistics, industrial, retail, hospitality buildings and more with over 10,000 sq. ft. rooftops.
Free standing carport solar generates added solar power for properties with limited rooftop space. Added benefits include shading and protection for employees vehicles.
Crucial for reducing peak demand charges. Automated to supply electricity when your panels won’t. Energy storage is ideal for businesses that incur significant peak charges.
As the popularity of electric vehicles increase, so does the demand for on-site charging. This sustainable amenity has become a parking lot fixture for competitive employers.
Corporate Business Park in Irvine, CA has created significant electricity cost savings through commercial solar installed across the 5-building business park.
See how this CPA firm saved on electricity and gained valuable tax credits through commercial solar that they used to keep cash in the businesses.
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