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Following energy issues in the state of Connecticut and beyond.

Thursday, November 5, 2009

Feds Make Payment to Shelton Solar Firm

Opel International, the Shelton-based solar power equipment maker, is $179,000 richer today, thanks to a payment from the federal government.

The company got the payment from the U.S. Department of Energy and the Treasury Department as part of a program that is using a $3 billion funding pool to make payments to companies that create and install renewable energy equipment. The award was made in recognition of a $1.2 million solar energy system that the company installed earlier this year on the roof of the Linden Elementary School in Plainville.

The system Opel officials installed at the school is the first of its kind in Connecticut, a tracking technology that allows the solar panels to shift as the sun shifts from east to west in the sky. The 770 solar panels that were installed at the school were put in place with $500,000 in grant money from the Connecticut Clean Energy Fund (CCEF) and federal tax credits

Opel's solar energy system will reduce the building’s energy costs by $7,000 a year and will generate 131 kilowatts of energy, said Mike McCoy, Opel's chief financial officer.

“The direct payment by the U.S. Treasury Department broadens OPEL’s ability to fund new solar projects that will create new jobs and will make inroads for clean solar energy,” said McCoy said. “Our investments in other solar power projects also will contribute to continued growth of the U.S. economy.”

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