Financial Resources FCU Makes $2.6 Million Solar Energy Loan
BRIDGEWATER, N.J. – Financial Resources FCU announced the closing of a $2.6 million loan to help finance a photovoltaic solar panel system on the roof of the Fram Trak manufacturing plant in Middlesex, New Jersey.
The solar panels will cover a roof top area of approximately 1 1/2 acres, and produce more than 600 kilowatts of electrical power, which is equivalent to a year’s worth of power for 60 homes or more. This use of solar energy will offset almost 100% of Fram Trak’s current power usage.
“As a company that is committed to promoting green energy, we are honored to be part of this very important project,” said Philippe Ferreira, assistant vice president member business lending for the $400 million credit union.