News

Kraft goes green with solar-generated power

Sunday, January 1st, 2012

http://www.kraftcpas.com/cgi-bin/aw/acuweb.cgi?t=searchdtl&s=kraftcpas&StoryID=954

KraftCPAs PLLC is counting on the power of the sun to help lower and control energy costs, working with Energy Source Partners (ESP) to design and install a roof-top photovoltaic system at our headquarters facility in MetroCenter. Through a BrightWay Solar Power Purchase Agreement (PPA) with Energy Source Partners, KraftCPAs will enter into a long-term agreement for solar-generated power at guaranteed, predictable energy costs for years to come.

According to ESP President and CEO Ron Merville, “This new PV system will offer KraftCPAs a clean, abundant, dependable, cost-effective and sustainable source of power that will reduce their conventional energy consumption and will lower their carbon footprint. They will also lead by example as a business interested in being a better steward of both their resources and the environment.”

Utilizing the renewable energy that will be supplied by the PV system is part of a concerted effort by KraftCPAs to incorporate more sustainable business practices into their operations, according to Chief Manager Vic Alexander.

Vic said, “The decision to work with Energy Source Partners on this concept was not a difficult one. Taking advantage of available tax incentives is something we recommend to our business clients. We’re pleased to be in a position to do something good for the environment that’s also good for our business.” The 39,600 square-foot building has served as headquarters for KraftCPAs and several of its affiliates since July 2003.

Current federal and state incentives make investing in a renewable energy generation system more affordable for businesses. A Tennessee Clean Energy Technology Grant from the Tennessee Department of Economic and Community Development will cover part of the cost of KraftCPAs’ PV system. It will also be eligible for a U.S. Department of Treasury grant for renewable energy installations.

In addition, Energy Source Partners will assist KraftCPAs to enroll in the Generation Partners Program with the Tennessee Valley Authority (TVA). Through this program, TVA will purchase all of KraftCPAs’ green energy output at a rate of 12 cents per kilowatt-hour above the retail rate and any fuel cost adjustments.

Energy Source Partners provides the design, financing, installation, management and support for all aspects of the solar energy system. Through ESP’s BrightWay Solar Power Purchase Agreement, customers get a renewable energy solution tailored to provide low-cost electricity with long-term pricing stability, a smaller carbon footprint and a greener public image. ESP’s Web site is www.energysourcepartners.com.