Berkshire Bank to take a significant portion, in value, of Nexamp’s Massachusetts community solar farm

KEY POINTS
  • The net metering agreement is for the clean energy output from Nexamp’s community solar farm in Hadley, MA.
  • Nexamp continues to expand its business with commercial off-takers in its community solar program.

Massachusetts — Berkshire Bank has chosen Boston-based Nexamp as its community solar provider to reduce costs and improve sustainability. Founded more than 170 years ago, Berkshire Bank operates 130 branches across seven Northeastern states. By enrolling in the Nexamp community solar program, the Bank is taking an active role in the advancement of clean energy.

Corporations and large organizations looking to embrace clean energy have a number of compelling options today, but a community solar subscription provides a unique opportunity in scale and savings potential while helping to green the grid in the areas they work. Nexamp operates hundreds of community solar farms that generate clean electricity fed directly to the local utility grid and allocates the value of that energy to subscribers to help reduce their monthly electric bills.

Through solar net metering agreements available in the program, Berkshire Bank is subscribing to a significant portion of the community solar farm in Hadley, Massachusetts.

“Renewable energy plays a major role in our overall sustainability strategy, which includes policies and programs designed to enhance our environmental performance and increase our efficiency,” noted Gary Levante, Senior Vice President of Corporate Responsibility at Berkshire Bank. “We are committed to transitioning our energy use to lower-carbon alternatives and by subscribing to community solar, we are able to do that while also reducing our overall costs an added benefit. We chose Nexamp for the simplicity and proven performance of its community solar program.”

Community solar continues to expand, providing options for those who want to go solar but do not have the resources or infrastructure to install panels on their property. More businesses are embracing the advantages of distributed solar, such as enhanced sustainability and reduced operational expenses.

“Corporations are increasingly prioritizing sustainability and looking for innovative ways to reduce their environmental footprint within the communities they serve,” noted Joe Fiori, Director of Business Development at Nexamp. “By integrating a mix of renewable energy, efficiency measures, and other intentional programs, these organizations are able to make a real difference. And with community solar, the benefits are available to individuals as well as corporations and other organizations.”

Berkshire Bank boasts $13.1 billion in assets, providing business and consumer banking, mortgage, wealth management, investment, and insurance services through 130 branch offices in New York, Connecticut, Vermont, New Jersey, Pennsylvania, Rhode Island, and Massachusetts.

The Bank is transforming into a 21st-century community bank pursuing purpose-driven performance based on its Be FIRST corporate responsibility culture. The Company supports local community-based environmental initiatives with donations and employee volunteerism while also encouraging its employees to adopt more environmentally conscious behaviors to reduce their environmental impact.


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