GeoGenix to Sponsor Worcester Business Journal’s Sixth Annual Massachusetts Energy Summit
WORCESTER, MASS. – GeoGenix, an established industry leader in commercial and residential solar installations in the mid-Atlantic region, has announced that it will be a sponsor at the Worcester Business Journal’s Sixth Annual Massachusetts Energy Summit on Thursday, Nov. 8, 2012.
The summit, which will be hosted at the DCU Center located at 50 Foster St., in Worcester, Mass., will bring together leaders from the energy sector and leading business executives from throughout the state to share the latest market intelligence as companies seek to better manage the energy line items on their companies’ budgets.
“Controlling energy costs is an extremely important issue for Massachusetts’ businesses, which have some of the nation’s highest electricity rates,” said Gaurav Naik, co-owner and principal at GeoGenix, which has an office in Worcester. “Installing solar is a terrific way for businesses to lower their energy costs and to protect against rising electricity rates in the future. We’re thrilled to be participating in an event that will bring clarity tothe evolving technology and effectiveness of solar, as well as explain the financial incentives that have made the state one of the nation’s fastest-growing solar markets.”
In addition to high electricity costs, financing is also a stimulus to solar development in Massachusetts. Solar projects are more easily financed in the Bay State than in many others as a result of generous state incentives, which include a Solar Renewable Energy Certificate (SREC) program.
SRECs, which are produced by businesses and homeowners that generate solar electricity, represent the environmental benefit of producing 1,000 kilowatts of electricity. They are sold to the state’s electricity suppliers in lieu of paying a fine (Solar Alternative Compliance Payment or SACP) for not meeting the solar energy production goals mandated by the state’s Renewable Portfolio Standard.
The summit will kick off at 7:30 a.m. with a networking breakfast buffet, which will be followed by a keynote address by Thomas M. Kiley, president and chief executive officer of Northeast Gas Association, a regional trade association that focuses on education and training, technology research and development, operations, planning and increasing public awareness of natural gas in the Northeast.
The summit will also include two panel discussions. The first, on energy efficiency, will cover the costs versus savings of renewable energy systems such as solar and of the top energy efficiency upgrades. The second will cover federal and state incentive programs, including Massachusetts’ SREC program. There will also be a presentation of case studies, which will examine best practices and examples of green energy projects.
The event will conclude at 12:30 p.m. with light refreshments and an exhibitor showcase at which GeoGenix will have a tabletop display. For more information about GeoGenix, visit www.GeoGenix.com
The cost of admission is $55. The preferred parking garage for the DCU Center is the Worcester Municipal Parking Garage located at 30 Major Taylor Blvd. on the corner of MLK Jr. Boulevard (formerly Central Street). For more information about the Worcester Business Journal’s Energy Summit, visitwww.wbjournal.com/massenergysummit.
GeoGenix is an industry leader with a proven track record in residential and commercial solar installations. They are an East Coast pioneer of “community solar," which allows residents of a community to band together to purchase solar for their individual homes at a discount. The firm’s many achievements include being awarded the “Outstanding Customer Service” in 2010 by SunPower and installing the first “net zero” electric commercial building in the nation. While there are many new entrants in the solar business, GeoGenix has been installing solar since 2001 and has the experience and expertise that have made it one of the region’s most trusted solar installers. For more information, visit the GeoGenix website at www.geogenix.com.