DALEVILLE, Ala. (January 10, 2022) — All In Credit Union’s initiative to install solar panels at strategic branch locations has produced a substantial cost savings to the organization while also creating processes that are more environmentally friendly.
Bobby Michael, President/CEO stated, “Installing solar panels has been a priority for the credit union and a trend we hope to see others follow. At All In, we are committed to maximizing energy efficiency while cutting future costs. This combination is both good for the bottom line and the environment.”
All In Credit Union has been a consistent leader in driving innovation and serving as a catalyst for change. After surveys to determine which branches would be able to effectively process energy from solar panels, installation was completed at five locations. The anticipated savings of these five locations is over $1.2 million in utility costs. The energy conserved is enough to provide electricity to 36 homes per year in the communities where these branches are located.
Michael continued, “In reviewing the savings as a result of using solar, we have found an average savings of 28% on power costs for these five locations since installation. With a 30-year life expectancy for these panels, we anticipate a continued positive return on investment for the next three decades. Along with being eco-friendly, the savings from solar will extend our resources so that we can do more for the communities and members we serve.”