The new 176-kilowatt (kW) solar system at Tiao Peng Trading, Inc. in Hayward, CA will eliminate the company’s steep electric bills and yield approximately $2 million in savings over the life of the system. More benefits include:
- Cash purchase with a 2.9 year payback
- Offsets over 99.5% of electricity usage
- Generates 285,874 kWh annually
- Offsets over 200 tons of carbon emissions yearly, the equivalent of powering 27 homes each year.
Designed and installed by Vista Solar, the ballasted rooftop array took about three weeks to complete, and covers 40% of the 65,000 square foot rooftop. The equipment used includes high-efficiency Suniva 325 watt modules, SMA Tripower inverters and a Unirac mounting system.
“Food companies are often ideal candidates for solar,” says Vista Solar project developer Spencer Wells. “Their large rooftops, high energy consumption and ability to take advantage of solar tax credits enable them to cut operating costs and free up capital to expand business operations.”
The system, which is cash flow positive from the start, will pay back in just under 3 years.
“We are very excited to eliminate our energy bills and increase our bottom line,” says Danai Kietikul, owner of Tiao Peng.