Ulster Savings Bank recently installed 43 solar panels on the roof of their Red Hook branch. This solar initiative is part of the bank’s commitment to lessening their impact on the environment by incorporating sustainable and green business practices.
The project was installed by Aries Power, Inc. from Albany, NY a company that specializes in renewable energy development and services. Each of the 450-watt panels has its own micro-inverter that allows for easy monitoring and troubleshooting. The cloud-based interface is controlled by computer or cell phone.
It’s anticipated that the bank will have a 28% annual offset of electricity with this 19.3kWp system. Any surplus of energy produced will feed into the Central Hudson grid and be returned to the bank in statement credits. New York State provided Ulster Savings with a one-time credit through NYSERDA that helped offset any upfront costs.
Ulster Savings Bank’s Red Hook location recently installed 43 solar panels on its roof.
Aries Power, Inc. spearheaded the bank’s solar project. Pictured (left to right): Michael O’Riley, Facilities Representative, Ulster Savings Bank; JP Monteau, Partner/Director of Engineering, Aries Power, Inc.; and John Ricci, Facilities Supervisor, Ulster Savings Bank.
About Ulster Savings Bank:
Headquartered in Kingston, New York, Ulster Savings Bank is a Mutual Savings Bank with assets of $1.173 billion. Ulster Savings Bank has 14 branches located in Kingston, Lake Katrine, Gardiner, New Paltz, Newburgh, Phoenicia, Poughkeepsie, Red Hook, Saugerties, Stone Ridge, Wappingers Falls, and Woodstock. Additional mortgage lending offices are located in Orange, Dutchess, and Westchester counties.
