Cape Cod Cooperative Bank announces completion of solar farm

Solar farm is the next on a long list of the the bank's efforts to go green

This week, Joel G. Crowell, President of Cape Cod Cooperative Bank announced the completion of its two solar energy projects at the Bank's Operations Center in Independence Park, Hyannis. Turning Mill Energy, LLC has just completed the work consisting of a 59.8 kilowatt and a 40 kilowatt ground-mounted Solar PV array. "We are excited to be on the leading edge of local development of sustainable energy and we see many benefits available for other Cape businesses to do it as well," said Mr. Crowell. "Our unique Cape Cod environment inspires us all to preserve it. Being able to take important steps in this regard that are cost effective at the same time, make this effort even more motivating.

"Our unique Cape Cod environment inspires us all to preserve it. Beingable to take important steps in this regard that are cost effective atthe same time, make this effort even more motivating." - Joel G. Crowell, President of Cape Cod Cooperative Bank

The Bank took advantage of a $72,300 grant from the Commonwealth Solar Stimulus Rebate Program to help fund the project proving that solar energy is not only good for the environment, it's good for business as well. The project was made possible due to favorable action by the Town of Barnstable and the Cape Cod Commission. Local authorities, including Richard Elrick, Town of Barnstable Energy Coordinator, have applauded Cape Cod Cooperative Bank's environmental leadership in setting an excellent example for other Barnstable and Cape Cod businesses to investigate the benefits of renewable energy.

The Solar Farm is the latest step in Cape Cod Cooperative Bank's Green Initiative. The Bank was proud to be "green" before it was even in style! In 1998, the Bank gifted 5.57 acres of land in West Barnstable with long frontages on Rte. 6A to the Barnstable Land Trust. The gift was very important to the Bank as it illustrated the way in which citizens and businesses can work together to incorporate lasting open space, hand in hand with development; for critical visual, aesthetic and environmental purposes within their communities. 

The Bank had been publishing their newsletter on recycled paper, but went a step "greener" by distributing the newsletter via email. Since introducing their email newsletter, which they are able to print even more frequently, they have steadily increased their subscription rate. This allows them to share even more helpful and timely information with their customers.

The Bank offers Online Banking as a very convenient and green option! Customers save time, save money on postage, and save resources by having their payments made electronically. Online payments are even more secure than traveling through the postal service and can reach the vendor almost instantly, helping to avoid late payments.

Last year the Bank was recognized by the Cintas Corporation, with the presentation of an Environmental Award for their efforts and commitment to protecting the environment and preserving natural resources by shredding and recycling paper. From June 2008 through May 2009, the Bank saved the equivalent of; 578 trees, 102 cubic yards of landfill, 68 barrels of oil and 238,000 gallons of water.

In March 2010, the Bank's HR Department challenged all employees to “Go Green for Charity” by opting to go paperless with their paychecks. If more than 50% signed up, the Bank pledged to donate a sum for each employee to the Cape Cod Times Needy Fund. The Bank continues to seek ways to integrate paperless options for employee access to bank-wide policies as well as their personal work history, salary and benefits information.

Beginning this past May, the Bank introduced Better Statements to their customers, delivered in a new, improved format using check imaging. Statements arrive neatly sorted, printed on three-hole punch paper, and ready to store in a convenient binder. Digital copies of all checks will be kept on secure permanent record at the bank. This allows ready access if ever needed, in a format preferred by government agencies and a court of law and providing a vast improvement over the traditional microfilm method used to store checks in the past.

The new solar project, which has turned a sun-baked slope at the rear of the Bank's Operations Center property located in Independence Park Hyannis, into a solar farm, will provide energy for the Bank and the grid. The project was designed and overseen by Turning Mill Energy, LLC. For more information on Turning Mill, contact them at 508 888-4383 or email them at [email protected]. For more information on how Cape Cod Cooperative Bank can help your company benefit by becoming "greener," contact Chief Operating Officer, Steven Lowell, or Andy Eldridge, Senior Vice President Commercial Lending at 508 568-3200.

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