Orange County, CA aerospace and defense manufacturer contracts Revel Energy to develop a 260 kW-DC commercial solar system. The system puts environmental benefits and energy costs savings at the forefront for this industrial business.
The signing comes as another welcome boost to the 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 412,000 kWh of free electricity. The estimated value of free electricity is in the $60,000-70,000 range. This kind of savings is estimated to give the user a 2.7 year payback. Additionally, per the EPA Greenhouse Gas Equivalencies Calculator, producing 412,000 kWh annually with solar is like planting over 300 acres of new forest, completely avoiding the CO2 produced by 31,000 gallons of gasoline through self-generation.
“We continue to develop projects that not only make economic sense for businesses, but also reduce carbon emissions in a significant way,” explains Alan Lee, CEO of Revel Energy. “With commercial solar and energy storage, our customers can have the benefits of both worlds, financial and environmental.”
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, like this manufacturer could save in the face of future rising electricity costs through commercial solar.
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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