Richards Manufacturing Goes Solar
Founded over 70 years ago, Richards Manufacturing is a family-owned and operated business that supplies utilities with electrical components. They offer a wide range of products, including a variety of connectors, network protectors and medium voltage products. Their main facilities are located in Irvington, NJ.
Solar Photovoltaic System Specifications and Environmental Benefits
Richards Manufacturing’s solar photovoltaic system has a total capacity of 434 kW and is made up of 1,278 individual 340W modules atop the roof of their headquarters. Estimated to offset approximately 21% of the facility’s annual electricity usage, their roof system reduces their electrical costs.
The environmental benefits of the system are equivalent to saving 42,334 gallons of gasoline or taking around 80 cars off the roads. Richards Manufacturing’s use of solar energy will result in the avoidance of 376 metric tons of carbon dioxide emissions.
Significant Financial Returns through Solar
Richards Manufacturing participated in the PSE&G Solar Loan Program, which provides companies in PSE&G’s electrical service territory the ability to install solar photovoltaic systems through a 15-year loan. Additionally, through the NJ SREC (Solar Renewable Energy Credits) Program, they receive credits for every MWh of solar energy generated. They can use those credits to pay back the PSE&G loan or sell them to the market for revenue. EnterSolar’s expertise in optimizing system design and solar project financing made going solar a sound capital investment for Richards Manufacturing.