The company, which offers supply-chain solutions to companies across the world, installed 143 solar panels on the company's 33,000 square-foot facility. After going into effect last month, the system can generate 31 kilowatts of electricity, approximately 80 to 90 percent of the electricity needed to power the facility.
In total, the company expects to save approximately $600 per month on energy costs by using the solar panel.
"We applaud our Portland office for embracing solar energy to supply virtually all of its electricity needs," said William J. Wascher, president and CEO of SEKO. "This installation is cost effective, takes advantage of major incentives, saves energy and provides a competitive edge in SEKO's Northwest market."
The solar system was installed through Eugene, Oregon-based Grape Solar and funded through numerous renewable energy incentives. In addition to a Federal Investment Tax Credit that provides approximately $50,000 in tax credits, Oregon also paid for half of a system through a Business Energy Tax Credit while the Energy Trust of Oregon provided an additional $54,740.
Any unused power generated by the facility will be sold back to Portland General Electric through a metering system that will determine if any shortage or surplus of energy is ever present.
