Conestoga Bank Goes Green with Solar Power

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Community bank lowers expenses and carbon footprint with solar panels.

Conestoga Bank announced the latest step in its green initiative with the installation of a new solar array on the roof of its largest building, its Feasterville branch.

“This project is a direct result of our constant review of the areas companywide where we can lower our carbon footprint and save on energy costs,” said Lori Adamski, executive vice president and chief operating officer. Adamski encourages every business owner to do likewise. “It simply makes good business sense.”

Adamski said she believes strongly that as a leader in local business Conestoga Bank has a responsibility to consider more than its own impact on the environment. “We must also help raise awareness about the many ways—both large and small—a business can be more environmentally conscious. Investing in solar power is one of many steps Conestoga Bank has taken that demonstrates our commitment to going green.”

Conestoga Bank made the decision to incorporate solar energy into its Feasterville location while installing a new roof at the facility, which houses a bank branch and other bank operations. “A flat roof with easy access and full sun exposure made this an ideal location for a solar array,” said Adamski.

In addition to being more environmentally friendly, the solar array will provide the company with significant cost savings over time. The array was designed to fit the available space on the building’s rooftop. In essence, 160 solar panels produce electricity by converting sunlight into energy. Therefore, the bank will need to purchase less power from the utility company in order to meet its energy needs at the Feasterville location. “We expect to see a 15 to 20 percent drop in our electric bill,” said Adamski. Currently, the array produces enough electricity to power about six homes.

Among the impressive features of the solar array is the capability for Internet-based monitoring. Conestoga Bank team members who are authorized to access the monitoring dashboard online can observe the system’s up-to-the-minute performance. The bank can track the system’s efficiency, including those times the Feasterville facility produces more electricity than it consumes. During such times, the excess electricity flows back into the utility grid, to be stored on the grid for later use, at no additional cost.

The bank’s ongoing green initiative includes recycling paper, recycling print cartridges, motion-sensitive light controls in offices and meeting rooms, encouraging customers to use eStatements, and providing customers with internet and mobile banking and even the ability to deposit checks using smartphones—all saving trips to the bank.

For tips about the many low-cost ways your business can reduce energy costs in electricity generation, electricity transmission, industrial processes, product delivery, and retail sales, click here. http://energy.gov/science-innovation/energy-efficiency.

Conestoga Bank is a wholly-owned subsidiary of Conestoga Bancorp headquartered in Chester Springs, Pa. Conestoga Bank is a full-service financial institution, with 14 branches in Center City and South Philadelphia, Bucks, Chester, Delaware, and Montgomery counties, specializing in commercial loans, Small Business Administration, and leasing, along with convenient personal checking and savings products.

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