Granite Property Holdings Goes Solar with C-PACE

The 26.5-kW system will save tenant businesses more than $230,000

 

Rocky Hill, CT (July 11, 2018) – The Connecticut Green Bank is pleased to announce that Granite Property Holdings, LLC, has installed a 26.5-kW solar photovoltaic (PV) system on their roof at 55 Middletown Ave., North Haven, using Commercial Property Assessed Clean Energy (C-PACE) financing. The system will help lower the energy burden on the tenant businesses, with projected energy savings over the life of the system expected to surpass $230,000.

The primary tenant is Granite Communications, a communications firm founded in 1996 to implement business and VoIP telephone systems, hosted or cloud based voice platforms and call management solutions, to improve customer service, enhance productivity and lower costs.

The 81 panels were installed by Harvest Power Solar, headquartered in Bay Shore, NY, and the property owners worked with Lori Scala, a solar consultant, to qualify and select the contractor.

“When Scott Ward and I bought the building in 2011, we felt that the flat roof and lack of any nearby trees made going solar a natural fit. However, we soon learned that the process and procedure was daunting with specific requirements from the town building department, the utility and various state departments,” said Gregg Haughton, partner in Granite Property Holdings and CEO of Granite Communications. “Lori Scala and Harvest Power helped us navigate the process to get C-PACE financing from Connecticut Green Bank, and qualify the Zero Emissions Energy Credits that make the project viable. They also satisfied the town building department’s requirements as well as worked with the utility to make sure the system meets electrical codes.”

For more information on C-PACE, please visit www.cpace.com.

 

 

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