(Source: Plastics News) WINDSOR, ONTARIO — Mohit Nayar isn’t quite a weather expert yet, but he is paying a bit closer attention to it these days.
“I don’t like clouds,” he said, laughing.
Green Processing Co. Inc., the company Nayar co-founded with two high school friends, recently installed solar panels to help power the company’s two facilities in Windsor. Nayar, who handles accounting for the company, said the payback for the projects is six to seven years, depending on how many sunny days they see.
The company paid $650,000 to install the solar panels on a 16,000-square-foot facility earlier this year and just recently finished completing a solar panel grid at its 56,000-square-foot headquarters and main office. The second project cost $1.1 million.
“We hold ourselves to a little higher standard,” said company co-founder Jeremy Berger about why they expended the capital for the project. “Yes, we save power and money, but we should be a leader in this space, too.” Read more.