Eastman Companies
- Overview
- Installation
- Benefits
A partnership between RGS Energy, Hudson Energy Solar, and Smart Energy Capital allowed for the financing, design, installation, and ownership of 500 kW of solar energy to be used by Eastman Companies at its Eisenhower Corporate Campus in Livingston, New Jersey.
Eastman Companies is using solar energy through a power purchase agreement, where instead of purchasing and owning their solar energy system, they pay only for the power they use from it – at a fixed rate. Jeffrey Schmidt, President of RGS Energy, explains that this kind of arrangement makes Eastman Companies “able to control its operating costs and invest in its future.”
By incorporating the financing expertise of Smart Energy Capital with the design and EPC expertise of RGS Energy, the system – which is owned and operated by Hudson Energy Solar – was created under a single umbrella and delivered to Eastman Companies in full, making it easy for them to transition to renewable energy without interrupting day-to-day business.