K&B True Value of Annapolis and Solar Energy Services of Millersville have commissioned what they believe to be the first retail business in the city of Annapolis to become net zero on electricity consumption. The 224-panel solar power system, designed and installed by Solar Energy Services, Inc., will replace a 2012 installation that offsets approximately 15 percent of the hardware store’s annual electricity consumption. Deciding to purchase this new system was a relatively easy decision for Jared Littmann, owner of K&B True Value on Forest Drive in Annapolis.
Jared commented, “This solar system will offset our annual electricity usage, saving our business over $18,000 per year. The incentives allow us to recover 64% of the investment in the first year, 100% of the investment in the seventh year, and then a positive cash flow of $269,000 over 25 years. Plus, it reinforces our long-standing focus on environmental stewardship and responsibility. »
Because the company had invested in solar energy 10 years ago, Jared knew the process and already believed in its value. At the time, in 2012, budget and technology limitations prevented K&B True Value from seeking 100% compensation, when Solar Energy Services installed its first system. However, advances in solar technology since then have made it relatively easy for K&B True Value to offset 100% of its energy without even filling the entire roof of the Annapolis store building.
Rick Peters, president of Solar Energy Services, said, “Jared had the solar power experience and foresight to plan this investment, but other businesses and nonprofits in the county can do it too, with highly accessible county-sponsored funding through a vehicle called Property Assessed Clean Energy (PACE). This type of project is within reach for many businesses in the region, thanks to advances in solar technology as well as financing mechanisms to help homeowners finance their own solar energy projects.
Based in Millersville, Solar Energy Services designs and constructs residential and small commercial projects throughout the DMV. Located on the Annapolis Neck peninsula, K&B True Value has been the neighborhood hardware store since 1974.
Today, a groundbreaking ceremony was held to celebrate the commissioning of the new solar generation system. Annapolis Mayor Gavin Buckley, Anne Arundel County Executive Steuart Pittman, Councilwoman Lisa Rodvien, as well as State Senator Sarah Elfreth, and others were in attendance.
Category: Annapolis Gives, Businesses, Events, LIFE IN THE AREA, Local News, NEWS, Post to FB