Security Federal Bank in Northeast Tennessee’s Elizabethton is putting the final touches on a 10 kilowatt solar system—the first in Carter County. The 42-panel photovoltaic system is expected to be up and generating electricity by next week.
The bank decided to install a solar system in 2009, according to a release, as part of an improvement project to replace the roof and make other energy efficient measures at its Main Branch location. Asheville-based FLS Energy, which installed the system, worked with the customer to obtain a state grant award, which, combined with federal incentives and a small revenue stream from TVA, brought the payback period to five years compared to a 10-year payback without the incentives.
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