Magid Glove & Safety Manufacturing Company is pleased to announce that they will be going solar. Magid has spent the better part of three years researching how a solar array on their facility could help drive down operating expenses while at the same time provide a strong financial return with the added benefit of being socially and environmentally proactive. Magid recently signed a contract to install a 3.5 Megawatt Solar array on the roof of their Romeoville facility. The array consists of over 10,500 solar panels that will produce enough electricity to offset 100% of their annual load. When completed, the system will be the largest rooftop solar project not only in the state, but in the entire Midwest, further solidifying Magid’s position as an innovative, forward thinking company.
“When companies around the Midwest look toward large scale solar power, they’ll be turning their eyes toward Romeoville,” began Romeoville Mayor John Noak. “Magid continues to champion innovation. That investment doesn’t just benefit their company, but the environment as well. It’s great to have leaders like this in the community and I hope more companies look to them and follow suit.”
The strong financial returns were made possible by the recent legislation passed by the State of Illinois that requires the state’s utilities to either produce, acquire electricity from renewable sources, or buy the green attributes or Renewable Energy Credits from companies like Magid who invests in solar energy for their facilities and by rebates from Commonwealth Edison. Additionally, the federal government supports the installation of solar by providing an Investment Tax Credit (ITC) for any entity, including residential, installing solar on their property.
In the coming weeks, folks from Convergence Energy, the project developer, and Continental Electric, Magid's engineering and installation partner, will be on site beginning their work. As a matter of fact, the first of 13 truckloads of solar panels arrived in the beginning of February.
The array that Magid is installing on the roof and not using electric from Com Ed is the equivalent of reducing over 2 million tons/year of CO2 from being emitted from power plants and over 1,600 tons/year of NOx and over 2,600 tons/year of SO2. The CO2 reductions alone is the same as what over 2.2 million acres of forest could reduce in the atmosphere in one year or the emission of over 400,000 cars driven in one year.