Key EF Provides $6.5MM in Solar Equipment Financing
DEC 9, 2014 - 7:13 am
Key Equipment Finance announced it provided $6.5 million in solar equipment financing for Safeguard Storage Properties. The financing is enabling Safeguard Self Storage to go green at 25 facilities, where the solar installations will generate more than 2.6 megawatt hours of clean, renewable electricity and meet as much as 95% of some facilities’ energy needs and nearly two-thirds of all the facilities’ energy needs.
“With a total equipment financing solution, Safeguard Self Storage is installing 25 individual solar arrays and realizing a triple benefit of energy cost savings, positive environmental impact on local communities, and removal of the uncertainties of energy rate increases,” said Doug Beebe, vice president, energy finance, for Key Equipment Finance. “Green energy financing enables green-minded businesses to reduce energy costs and participate in the clean energy economy.”
The investment is expected to yield about $8.4 million in energy savings and $14.7 million cumulatively over the 25-year life of the systems.
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