VINELAND, NJ (March 2009) – To demonstrate its strong commitment to Green Building, Stanker & Galetto has installed a solar energy system on the roof of its Vineland headquarters. The 81.5 kW system consists of a 484-panel solar array, covering approximately 7,500 square feet.
“‘Going green’ is a personal and professional passion for me and for the entire company,” said Peter Galetto Jr., President of Stanker & Galetto. “As a company dedicated to green construction, we feel it is important for us to lead by example and invest in ways to reduce our carbon footprint. We hope others will do the same.”
The system was completed in March 2009 and is expected to generate an average of 305 kilowatt hours of electricity per day, which represents approximately 99% of the company’s current power needs. On days when the system generates more electricity than is used, the excess power flows back into the grid, causing the electric meter to run backwards, a process known as net metering.
According to Joe Angeloni, the company’s Chief Financial Officer, “When we consider the value of our current power consumption, the CORE rebate awarded by the State of New Jersey, the effect of the accelerated depreciation and investment tax credits allowed by the IRS, and the sales value of the Solar Renewable Energy Certificates (SRECs) generated by the system, the project is expected to breakeven within five years.”
“By incorporating green energy in the form of solar panels, we can do what’s best for the environment and for our business,” said Mark D’Onofrio, Secretary/ Treasurer of Stanker & Galetto.
Stanker & Galetto offers LEED project solutions to its Design-Build clients for everything from site selection and building envelope design to alternative power sources. For more information, contact us at 856-692-8098.
