Two Problems, One Solution
Elite Envelope Partners with Solect Energy on Solar Project
Elite Envelope, a full service manufacturer and printer of commercial envelopes and direct mail printing, has partnered with Solect Energy of Hopkinton, MA to install a 150 kilowatt (kW) solar energy system on the roof of its Randolph headquarters. The solar array is expected to produce roughly 50% of the company’s annual electricity use.
|The solar array is expected to produce roughly 50% of the company’s annual electricity use.|
Elite Envelope has been in operation since 2003, producing a variety of high quality print media across a number of different industries. Like many locally owned small businesses, they face the challenges of adapting to ever-changing market conditions while continuing to invest in their business. Facing the pressing need for a new roof, the company invested in solar as a way to help finance the roof while adding further value to the property and saving money on their electricity bill.
“We saw an opportunity to leverage the financial incentives and tax benefits solar offers, and apply those to our roof installation, ultimately lowering our operating costs while simultaneously improving our property’s value,” said Jerry Velona, Co-Owner at Elite Envelope.
In addition to aiding in the construction of its new roof, Elite Envelope intends on reinvesting the remaining long term gains from the project back into the company. “We will continue to invest in our employees and give them the best tools available to ensure the ongoing success of our company,” Jerry added.
Brian Herr, Vice President of Business Development, Public Sector & Education at Solect Energy commented, “We enjoyed working with Elite Envelope and their roofing contractor. We are proud to be part of such a big upgrade to their facility. The array will be installed on top of their brand new roof without impacting its 20-year warranty in any way."
Elite Envelope is projected to save approximately $25,000 annually on its electricity bill while taking advantage of state incentives and federal tax benefits, including SRECs (Solar Renewable Energy Certificates). SRECs are state incentives that are generated based on the amount of solar energy the system produces. Electrical utility providers in Massachusetts are required to purchase SRECs to support renewable energy sources in the Commonwealth.
In addition to their solar installation, Elite Envelope has stringent recycling guidelines and a commitment to using primarily soy based ink in many of its printing processes, which in addition to being more environmentally friendly, provides more accurate colors, and makes it easier to recycle paper down the line.