The Palmas del Mar Homeowners Association recently inaugurated a $227,000 photovoltaic project, the first at Palmas del Mar, which will supply the electrical needs of it’s main building, an 11,000 square-foot facility.
The project consists of 292 solar panels of 250 watts each, which will produce approximately 117,238 Kw. hour per year. The PHA estimates it will save some $25,000 per year, and will see a return on its investment is approximately 4.5 years.
The PHA received a $90,800 incentive from the government to build the project, said Antonio Maldonado, executive director of PHA.
“Not only do we decrease the energy cost for PHA, but we also provide a better environment by promoting the use of renewable energy in these facilities and the lighting of our roads,” he said. “We continue to innovate and look for ways to improve our environment and contribute to its preservation.”
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