Commercial Solar Printing Plastics Case Study – St. Charles, Illinois

Plastics Printing Company Installs Solar to Save $91,000 a Year

Project Summary:

The plastics printing company in St. Charles, Illinois, successfully implemented a solar power initiative with an 814 kW solar panel array. The system generates an average of 1,017,000 kWh per year at a rate of $0.09/kWh, resulting in substantial cost savings at around $91,000 a year. The key project metrics include:

• System Size: 814 kW
• Annual Energy Output: 1,017,000 kWh
• Electricity Cost: $0.09/kWh
• Annual Savings: $91,530
• Monthly Savings: $7,626
• CO2 Emissions Avoided: 1,452,846 lbs

Commercial Solar Project Overview:

A plastics printing company based in St. Charles, Illinois, successfully implemented a solar power initiative, resulting in substantial cost savings and a more sustainable energy profile. The company strategically utilized an 814 kW solar panel array, generating an average of 1,017,000 kWh a year at a rate of $0.09/kWh. This initiative not only transformed the company’s energy consumption but also leveraged key incentives, such as the Federal Tax Credit and the St. Charles Municipal Electric Utility Green Power Program.

Project Challenges:

The plastics printing company faced rising electricity costs, prompting them to explore alternative energy sources to mitigate expenses. Recognizing the environmental impact of traditional power sources, they sought a solution that would align with their commitment to sustainability while maintaining financial viability.

ROI Centric Solution:

The company opted for a solar power solution by installing an 814 kW solar panel array. The system’s average annual output of 1,017,000 kWh, combined with a competitive rate of $0.09/kWh, resulted in significant monthly and annual savings. To address the initial upfront costs, the company strategically utilized the Federal Tax Credit, which covered 30% of the solar system expenses. Additionally, they took advantage of the St. Charles Municipal Electric Utility Green Power Program, which offered renewable energy certificates in collaboration with ComEd and Community Energy, Inc.

Immediate Positive Cash Flow Financial Impact:

The implementation of solar power had a profound financial impact on the plastics printing company. The annual electricity cost savings amounted to $91,530, translating to $7,626 per month. This transformative initiative not only reduced the company’s operational expenses but also redirected funds that would have been allocated to the IRS as tax payments.

Illinois Commercial Solar Incentives Utilized:

1. Federal Tax Credit: By leveraging the Federal Tax Credit with our IL partner’s proprietary Energy Savings Program, the company managed to convert a significant portion of the solar system cost into an upfront payment, minimizing the financial burden.
2. St. Charles Municipal Electric Utility Green Power Program: The company participated in the Green Power Program, gaining access to renewable energy certificates and further contributing to their commitment to sustainable practices. Read about other Illinois commercial solar incentives.

Carbon Offsetting and Emissions:

In the fourth quarter of 2021, the company signed an agreement for carbon offsets of natural gas, offsetting 100% of the natural gas consumed by Perfect Plastic. In 2022, they offset 359 metric tons of CO2, contributing to their goal of reaching Carbon Neutral Emissions for Card Manufacturing.

Solar Energy Impact:

The solar panel array, unlike traditional fossil fuels, doesn’t produce emissions while generating power. In 2022, the company’s personalization department ran on 100% solar power, accounting for 17.2% of each day.

Case Study Conclusion:

The successful integration of solar power technology allowed the plastics printing company to achieve a dual objective of cost savings and sustainability. By strategically utilizing incentives like the Federal Tax Credit and participating in local green energy programs, the company not only transformed its energy infrastructure but also demonstrated a commitment to responsible corporate citizenship. Through strategic initiatives, they not only achieved substantial cost savings and reduced carbon emissions but also contributed to the broader goal of reaching carbon neutrality. The case study underscores the importance of renewable energy in mitigating climate change and creating sustainable business practices. In collaboration with our Illinois installation partner Commercial-Solar.org has helped businesses in Illinois offset over 4 million pounds of CO2 emissions through industrial solar installations. Looking for a commercial solar quote? Reach out and we’ll get you a proposal to calculate your savings with solar.

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