Tuesday, March 24, 2009

Announcement of 96kw Photo-Voltaic Electric System: Operational

This is a press release of IDA Internationl Inc.

Derby, CT (March 23, 2009) - IDA International Inc. announced today that it had completed installation of a 96kw photo-voltaic system at it's facility in Derby, CT.

Company President, Thomas Harbinson, recognized this as an exciting milestone for the company. "I'm pleased to announce that our facility will now be generating over 90% of our electricity needs, purely from the sun. This is an investment in our company's future and it's location in Derby, CT. While this is a decision that has taken significant time to implement, this has given us time integrate many decisions that will yield the optimum of results. We believe following our company's vision with emphasis on a "green" standard will be rewarding to the company from a financial perspective, and earn respect from it's customers, vendors and community as a company that sets environmentally sensitive standards."

The photo-voltaic (PV solar) system is a 525 array of panels mounted on the south facing roof of IDA's manufacturing building, a structure that dates to the late 1800's. Buildings then were often constructed in a "solar oriented" manner to take advantage of the sun lighting the workplace through windows and skylights, making this location ideal to take full advantage of solar electric generation potential. Our location is Lat: 41.324845, Long: -73.098274 Our building compass reading is 223-226 degrees (a "true" or "solar" reading adjusted for magnetic declination is 210-213 degrees). Our building roof pitch is: 25 (degrees). This data yields a Solar Pathfinder Annual Average of 98%

The location has a history of "green" energy use. The building was constructed adjacent to a canal where hydraulic power was taken from the river to run manufacturing machinery. One of the early occupants was a munitions company that built cannons. The building later housed a fabric dye and printing operations that were not clean operations by modern standards. The Hull Dye and Print Works was the last such entity, closing after a fire in the mid 1980's which substantially damaged the facility, leaving contamination from dyes and chemicals that needed remediation. The property was purchased from the City of Derby in the late 1980's and the long task of returning the property to viability began.

The project was partially funded by a grant from the Connecticut Clean Energy Fund’s On-Site Renewable Distributed Generation Program, which provides qualified projects funding that can equal as much as 50% of a project’s cost. Combined with federal investment tax credits and accelerated depreciation, solar projects in CT can realize returns in the range of 15-20%.

IDA International Inc. is a turn-key operation for curtain-wall and other building facades. IDA serves the greater metropolitan area with engineering, fabrication and installation of construction elements that create a structure's building envelope. For more information regarding IDA's solar system, contact thomas.harbinson@ida-intl.com, or visit the company's green manufacturing page at their website, http://www.ida-intl.com/

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