Environmentally-conscious tower owner Marcus Communications will benefit from significant energy savings
Rocky Hill, CT (Dec. 14, 2020) – The Connecticut Green Bank is pleased to announce the closing of Commercial Property Assessed Clean Energy (C-PACE) financing for the installation of a ground-mounted solar photovoltaic (PV) system at a 450-foot telecommunications tower owned by Marcus Communications LLC. Located in Bolton, the tower and support equipment provide communication services, including emergency services, to a wide array of customers and clients. This is the first time that C-PACE has been used to finance a project at a communications tower in the United States, according to PACENation, a national nonprofit association that advocates for PACE financing
“As the first use of PACE on a communications tower, this innovative project is a model for how PACE can be used to increase the sustainability of our critical infrastructure. We applaud the work of the Green Bank in completing this project and look forward to seeing more deals like this one,” said Colin Bishopp, Executive Director of PACENation.
The tower was originally constructed in 1995 and extended in 2005, going from a 300-ft to 450-ft, to become the tallest tower in Eastern Connecticut. In recent years, leaders at Marcus Communications have begun an initiative at their office to minimize the company’s impact on the environment through improvements such as installing energy efficient lighting, solar panels, heating and cooling systems, and by providing free electric vehicle charging to employees, vendors and customers.
“We continue to be proactive in our efforts to be environmentally responsible and actively pursue solutions and enhancements that support that vision,” said Bruce Marcus, CTO, Marcus Communications LLC. “This solar project is a great example. We are proud of the work we are doing to move the world towards renewable energy.”
The 76 kW-AC solar PV system will be installed by Marcus Communications with guidance from Harness the Sun LLC of Lebanon. The project is estimated to save the company more than $740,000, over the 25-year effective useful life of the panels. The total project cost is approximately $250,000.
“It’s exciting to see new types of properties taking advantage of C-PACE financing to improve their energy efficiency or add renewables,” said Mackey Dykes, Vice President of Financing Programs at the Connecticut Green Bank. “We hope that other communications companies follow the example that the team at Marcus has set.”
To see a video of the installation, please visit https://youtu.be/AXQT–XNxec
About the Connecticut Green Bank
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first green bank. The Green Bank’s mission is to confront climate change and provide all of society a healthier, more prosperous future by increasing and accelerating the flow of private capital into markets that energize the green economy. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and innovation for their “Sparking the Green Bank Movement” entry. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com
About Marcus Communications
Marcus Communications was founded in 1969 in Connecticut by owner, CTO, and LMR industry innovator Bruce Marcus. While the technology from 1969 to today has changed completely, our core mission remains the same. We manage your communications with an innovative array of technical solutions. Over the years, we’ve helped thousands of customers achieve better safety and efficiency by supercharging their communications. When you choose Marcus, you’re not choosing just any communications company. Your choosing the premiere leader in communications. Your choosing a company that hires veterans and gives back to the community, supporting events like the Hartford Marathon or the Special Olympics. You’re choosing the leaders who work tirelessly to research and develop cutting-edge solutions for its customers. To learn more, please visit https://www.marcuscommunications.com/.