Lockheed awards $5M solar project contract
Lockheed Martin has awarded a $5 million contract for a canopy-style solar array over the parking lot of its Pinellas County operation that is expected to meet up to 60 percent of the facility's energy demand.
South Florida-based Advanced Green Technologies won the contract to build the 2 megawatt solar power system at the Lockheed facility in the 3600 block of Tampa Road in Oldsmar, said Jonathan Poggi, a Lockheed Martin facilities manager.
Lockheed expects a payback period of less than eight years on the project. The company said part of what made the deal cost-effective was a 30 percent federal tax credit that is set to expire at the end of 2016. In addition, the cost of solar panels continues to drop.
The project is expected to be in operation by the end of the year.
The Lockheed solar project will be one of the largest in the Tampa Bay area.
Abuse Policy
Loading...