Business380.com
December 22, 2011
By: The Gazette Staff
Cedar Rapids--Paulson Electric began installation Wednesday of a 20-kilowatt solar array at its southwest Cedar Rapids headquarters.
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"Generating our own energy locks in the cost of a third of our electricity at approximately $.05 per kilowatt hour over the 20-year life of the panels," [company vice president Tyler] Olson said. "Energy costs are predicted to rise at 3 percent annually, but even assuming flat energy prices our solar array will pay for itself in seven years."
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"Solar energy generation is one of many strategies we use to turn customers' necessary energy usage into a competitive advantage," Olson said. "Assessing a facility, recommending efficiencies and determining the feasibility of solar generation are all services we provide clients."
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