Seco Tools adds solar to save
LENOIR CITY, TENNESSEE - An international manufacturer with a longtime production facility here is turning to solar as a way to save on its electric bill.
Swedish-based Seco Tools dedicated a 126-panel, nearly 29.61-kilowatt set of solar arrays that will help offset 60 percent of the company's lighting costs and 0.5 percent of its overall electric demand. Seco's U.S. headquarters is in Troy, Michigan.
The Lenoir City plant makes cutting tools and other machining products that Seco sells to a variety of industries. The company has been in East Tennessee since 1979 and employs 69 people.
The $187,500 project was assisted by a $59,220 grant from the Tennessee Solar Institute and a 30 percent federal tax credit. The project also received $1,000 in incentives from TVA and will participate in the agency's Generation Partners program, which pays a premium for customer-generated power from renewable sources.
Related News
Alberta ratepayers on the hook for unpaid gas and electricity bills from utility deferral program
CALGARY - The province says Alberta ratepayers should expect to see an extra fee on their utility bills in the coming months.
That fee is meant to recover the outstanding debt owed to gas and electricity providers resulting from last year's three-month utility deferral program offered to struggling Albertans during the pandemic.
The provincial government announced the utility deferral program in March 2020 then formalized it with legislation a few months later.
The program allowed residential, farm and small commercial customers who used less than 250,000 kilowatt hours of electricity per year — or consumed less than 2,500 gigajoules per year — to…
