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December 20, 2010

IVEK Unveils Solar Project

Filed under: SRDC — admin @ 1:49 pm

IVEK Corporation last week celebrated the successful completion of the largest net metering solar energy project in Vermont. The company, a manufacturer of precision liquid dispensing systems and ceramic valves, held a press event on December 14, 2010 at its facility in North Springfield Vermont.

Mark Tanny, the President of IVEK, said that the company went forward with the project despite learning this summer that they were apparently excluded from the state’s alternative energy tax credit program.

He added that several legislators and members of the Clean Energy Development Fund Board had been very receptive to the situation and hoped that some action could be taken to remedy the situation and restore the credits, which would mirror the Federal tax credits for solar projects. Those required a project to be completed and functioning by the end of 2010.

The solar project, which consists of 936 panels adjacent to the company’s facility in Precision Park, is expected to generate 239,500 Kilowatt hours annually. This is roughly equivalent to 90% of the manufacturing company’s usage. The amount of electricity would be enough to supply approximately 32 New England homes.

Tanny stressed that all of the components for the solar facility were purchased from North American manufacturers. It was designed and installed by two Vermont firms, Prudent Living of Windsor and Res Tec. of Bridgewater.

IVEK Solar Panels

He added that the solar generation project not only benefits the environment, but will also make the company more competitive in the global market and create jobs in the future. He said that the estimate reduction in greenhouse gas emissions resulting from this new project over 25 years is approximately 4100 tones.

SRDC Director Bob Flint Speaks at IVEK Event