(NOTE: Reading Cooperative Bank has two locations in Wilmington — 230 Lowell Street and 352 Middlesex Avenue.)
WILMINGTON, MA — Cooperstown Environmental LLC announced that it has completed rooftop solar photovoltaic installations on two Reading Cooperative Bank branches in North Reading and Wilmington, Massachusetts. With a placed in service date of November 2015, the systems are already producing clean, renewable energy – a projected 45,000 kilowatt-hours (kWh) per year.
Cooperstown’s client was Park Middlesex LLC, the owner of the buildings. Reading Coop operates a bank branch at each location under long-term leases. The power produced by the rooftop solar PV arrays will be used on-site and is expected to provide approximately one-third of the electric power used at the properties.
Cooperstown Environmental LLC served as the project developer, retained the system installer (Second Generation Energy of Milford, MA), oversaw the installation, and worked with the local utility (Reading Municipal Light District) to put the system in place. Cooperstown also registered the system with the Massachusetts Department of Energy Resources (DOER), which allows the systems to generate Solar Renewable Energy Certificates (SRECs) – an important factor in making the deal work.
James T. Curtis, P.E., LSP, President of Cooperstown Environmental LLC stated, “This project is a true win-win for all parties involved. The tenant gets green energy and cost savings, the owner earns a fair return, and the citizens of Massachusetts have a cleaner environment. We are pleased to have completed these successful projects and look forward to more.”
About Reading Cooperative Bank
Reading Cooperative Bank is a depositor owned co-operative founded in 1886. This community-centric North Shore financial service provider has branches in Reading, Wilmington, North Reading, Woburn, Andover, and Burlington. They also operate teaching branches at Northeast Metro Tech in Wakefield (open to the public) and at Reading Memorial High School (students and staff only), as well as an online branch at http://www.readingcoop.com.
(NOTE: The above press release is from Reading Cooperative Bank.)
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