Connecticut Green Bank finances largest solar project to date

BLOOMFIELD, Conn. (WTNH) — If you’ve been thinking about going solar with your home or business, we’ve got your back.

Connecticut’s first in the nation ‘Green Bank’ has just completed financing on its largest solar project to date. Lesro Industries is a family-owned Connecticut business that manufactures institutional furniture for places like nursing homes all across North America. They employ about 100 people at their Bloomfield plant and headquarters. 

Plants like Lesro are among the highest users of energy in Connecticut. One is over a 250,000 square feet, which is a little over six acres.

Members of the family cut the ribbon commemorating the Monday opening of the largest solar project ever financed by Connecticut’s first in the nation ‘Green Bank.’ Solar panels on the roof of the plant that will save over $30,000 a year in energy costs and greatly reduce the plant’s carbon footprint.

“As a family have always been interested in doing something that would have a positive environmental impact as well as a positive financial impact on the company,” said Ed Leshem, one of the sons of the founder of the company.

Another Connecticut company, C-Tecsolar, made the plan to fit the need, installing a solar array that will meet 95 to 100 percent of the plant’s energy needs.

“If you produce more than what the company uses in an annual period in one year, you don’t actually get any savings benefit from that,” said Alex Fox of C-Tecsolar.   Mackey Dykes of the Green Bank adding, “We provide long term, low cost financing for buildings either installing renewable energy or installing equipment that will help them reduce their energy costs.”

In this case, there was no cash investment for the furniture company, just a guarantee of constant, lower energy costs for the next 20 years.

For more information on the Green Bank, click here.

For more informaton on C-Tecsolar, click here.

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