By the end of winter, Hopkinton firm Solect Energy Development could be working in Coventry, RI.
In a work session held before the Coventry Town Council general meeting on Nov. 14., Solect provided information on a 125 KW complex of photovoltaic solar panels it intends to install on the .
Solar electricity panels will be installed on about 1/3 of the total roof surface and will provide 31 percent of the Annex's electrical needs from the sun, said Principals James Dumas and Ken Driscoll.
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According to Solect officials, the Coventry grant of $325,000 is the third largest award in the state for this pilot program.
“About 56 percent of the project will be funded through a grant from the Rhode Island Department of Economic Development,” said Driscoll. “There is also a buyout option after five years and there are other federal and state tax incentives. You can get credit for power and sell it to other entities.”