HAUPPAUGE, NY -- VOXX International Corporation has turned on the power at its Long Island facility. The program is the result of a strategic partnership with Harvest Power LLC to install a large scale solar energy system for the Company's property at 180 Marcus Blvd, Hauppauge, NY. This solar energy system is part of the local utility (PSEGLI) Clean Solar Initiative feed-in tariff (FIT) Program and offers VOXX the opportunity to produce and sell back electricity energy at a fixed rate per kWh (.22) over the 20-year term of a power purchase agreement (PPA).
The total solar system consists of a 171,000 kW (DC) rooftop mounted solar energy system on the building as well as two solar carport systems totaling 296,000 kW (DC) located in the rear parking lot. The new solar carports have been designed with several EV charging stations and will benefit VOXX employees who currently have electric vehicles and those who plan to own such vehicles in the future.
Pat Lavelle, President and CEO of VOXX International stated, "This is a very exciting development for our Company and one I believe is testament to our corporate vision and commitment to long-term sustainability. In addition to the 'green' benefits from this alliance, we also anticipate energy cost savings of well over $1 million over the next 20 years." Lavelle continued, "For over four decades, we've operated on Long Island and remain committed to investing in our facilities and continuing to make a meaningful difference within the Long Island community and for our employees." The solar project is part of the Company's continuing ISO14001 environmental management certification processes.
The Company is also planning through the partnership with Harvest Power to offer a jointly sponsored "employee discount/VIP program" that will be available shortly to give VOXX employees the ability to take advantage of the solar energy alternative for their homes.
Mr. Lavelle concluded, "VOXX has always prided itself on deploying innovative solutions whether it be the latest technology for our customers or the way we manage our assets and properties and our approach to alternative, renewable energy is no different. Our new partnership with Harvest Power provided a convenient and affordable process for going solar that will help us lower costs and deliver performance to our shareholders."