Once just a way to warm your home or pool, solar power is gaining ground in the self-storage industry. Read about two facilities that grabbed the opportunity to save some kilowatts and rally around Mother Earth.
As the chief operating officer for Storage Investment Management, Charlie Fritts always has his eye on ways to save energy and cut costs. So when the opportunity to slash one of his facility’s energy expenses came along, he jumped at the chance. A year ago, he came across a program from the Connecticut Clear Energy Fund, part of the Department of Public Utilities Control, which offers grants to offset half the cost of products that use renewable resources such as wind, small hydro and landfill gas.
After some research, Fritts applied for the grant to install solar panels at Planet Self Storage in Newington, Conn., one of 31 properties Storage Investment Management either owns or operates. “The technology has finally become feasible for a company our size to handle,” Fritts says. “Previously, it was relatively not too expensive to do to the home but, in our case, it finally came down to a reasonable design and engineering cost.”
With the grant footing half the bill—about $256,000—the panels were installed on the single-story, 770-unit facility in February. Fritts is already seeing the benefits. The solar power provides 30 percent of the facility’s overall usage, including all electrical components such as lights, cooling and gate operators.
Conrad Watson, owner of Storage Plus in Waltham, Mass., also took advantage of a government program to outfit one of his storage facilities with solar panels. Massachusetts’ citizens interested in renewable energy resources once had to wrestle through an enormous amount of red tape. But Gov. Deval Patrick changed all that, streamlining the state’s solar energy program, making it easier for businesses like Storage Plus to get rebates for energy-efficient upgrades.
Installation for the system cost $45,000, offset by the $19,240 state rebate. “This made it very affordable,” says Watson, who will recoup his investment in about three years. Storage Plus will also gain tax credits. “With the price of utilities skyrocketing, not to mention the greenhouse gasses in the environment, those are the main reasons I wanted to do this,” Watson says. “It really wasn’t feasible before now.” The panels will generate 6,900 watts of power an hour. In addition, Watson is looking into generating heat using vertical-mounted solar panels on the side of the building.