Magid Glove & Safety Manufacturing Company is going solar to help drive down operating expenses, increase financial return and be socially and environmentally proactive. Magid will have a 3.5-MW solar array installed on the roof of its Romeoville, Illinois facility. The array consists of over 10,500 solar panels that will produce enough electricity to offset 100% of the company’s annual load. When completed, the system is said to be the largest rooftop solar project not only in the state but in the entire Midwest.
“When companies around the Midwest look toward large scale solar power, they’ll be turning their eyes toward Romeoville,” said Romeoville Mayor John Noak. “Magid continues to champion innovation. That investment doesn’t just benefit their company, but the environment as well. It’s great to have leaders like this in the community and I hope more companies look to them and follow suit.”
The strong financial returns were made possible by the recent legislation passed by the state of Illinois that requires the state’s utilities to either produce, acquire electricity from renewable sources, or buy the green attributes or Renewable Energy Credits from companies like Magid who invests in solar energy for their facilities and by rebates from Commonwealth Edison. Additionally, the federal government supports the installation of solar by providing an Investment Tax Credit (ITC) for any entity, including residential, installing solar on its property.
In the coming weeks, Convergence Energy, the project developer, and Continental Electric, Magid’s engineering and installation partner, will be on site beginning their work.
The array that Magid is installing on the roof and not using electric from Com Ed is the equivalent of reducing over 2 million tons/year of CO2 from being emitted from power plants and over 1,600 tons/year of NOx and over 2,600 tons/year of SO2. The CO2 reductions alone is the same as what over 2.2 million acres of forest could reduce in the atmosphere in one year or the emission of over 400,000 cars driven in one year.
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