Key Equipment Finance announced it financed a 488-kilowatt solar installation across the NPGS/NWGS/SLGS grocery chain in Central New Jersey. The solar installation across the rooftops of the three supermarkets is expected to generate $1.3 million in energy savings over its 25-year lifespan.

The project is also supported by income from the sale of Solar Renewable Energy Certificates, which allow utilities to comply with state Renewable Portfolio Standards designed to encourage solar projects and sustainable energy solutions.

“Custom financing solutions make projects like this grocery store rooftop installation possible,” said Doug Beebe, vice president, energy finance, for Key Equipment Finance. “We believe other businesses also can benefit from utilizing their rooftops for solar energy.”