Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Solect Energy Expands Into Illinois with a Focus on Commercial & Industrial Market and Community Solar
  • USA - English


News provided by

Cabot Strategies

Apr 25, 2018, 03:00 ET

Share this article

Share toX

Share this article

Share toX

Solect Energy the leading commercial-scale developer and installer of solar energy systems in Massachusetts, expands into Illinois.
Solect Energy the leading commercial-scale developer and installer of solar energy systems in Massachusetts, expands into Illinois.

“Solect's expertise in working with commercial and community organizations in Massachusetts will be an enormous asset in Illinois," said Ken Driscoll, Solect Energy"s Founder and CEO. "We commend Illinois on its comprehensive commitment to renewable energy."

Post this

AURORA, Ill. (PRWEB) April 25, 2018 -- Solect Energy, the leading commercial-scale developer and installer of solar energy systems in Massachusetts, announced today that it has expanded operations into Illinois. Solect’s Illinois operations will be based in Aurora, and will be led by General Manager, Steve Gregory, and backed by an experienced team of business development executives. The primary focus of Solect’s Illinois operations will be on delivering rooftop solar solutions to the commercial and industrial (C&I) sector, and on building both rooftop and ground-mount community solar projects.

In late 2016 Illinois passed the Future Energy Jobs Act (FEJA), comprehensive legislation designed to jumpstart a renewable energy industry in the state. Previously, most of Illinois’ renewable energy was purchased from other states. As part of the legislation, Illinois adopted a Renewable Portfolio Standard (RPS) that requires utilities to source 25% of their energy mix from renewable sources by 2025. This is expected to drive development of up to 3,000 MW of new solar energy projects by 2030.

“We commend Illinois on its comprehensive commitment to renewable energy, and applaud the compelling incentives the state has put in place to help businesses and communities pursue solar energy,” said Ken Driscoll, Founder and CEO of Solect Energy. “Our expertise in working with commercial and community organizations in Massachusetts will be an enormous asset in Illinois. Solect is the clear market leader in the C&I solar space, and we bring a deep understanding of the economics, incentives and financing that are critical components of making the decision to move forward with solar.”

To help encourage the move to renewable energy, Illinois is committing more than $200 million in annual funding to support a number of incentives, including:

Renewable Energy Credits (RECs) – To help meet the state’s RPS goals, utilities can purchase RECs at a rate of 1.4 REC per 1,000 kWh of energy generated per solar array.

Rebate program – Rewards solar system owners based on kW installed, paid upfront in year one.

Net-metering – Compensates solar system owners for “net excess” energy production each month

These Illinois-specific incentives are in addition to the 30% Federal Investment Tax Credit (ITC) and eligibility for the Modified Accelerated Cost-Recovery System (MACRS), a five-year depreciation formula which currently includes the ability to take 100% of the available bonus tax deduction in year one.

In addition, Illinois has created the Solar for All program, which is designed to expand solar installations and workforce development in underserved Illinois communities. The program has an additional $30 million in funding that will support the development of on-site distributed generation, community solar, public and nonprofit projects, and community solar pilot projects.

“Illinois is a huge market with a broad spectrum of community solar, and commercial and industrial customers that are well positioned to take advantage of solar energy,” said Steve Gregory, Solect Energy’s General Manager, Illinois. “Our research indicates there are more than 40,000 buildings in Illinois that could support a 100 KW solar system. We look forward to delivering the benefits of solar to Illinois customers, including substantially lower energy costs, attractive tax and financial incentives, and the satisfaction of knowing they are contributing to a more sustainable environment.”

Solect has recruited top talent to run its Illinois operations:

Steve Gregory, General Manager, IL
The Illinois office will be run by General Manager Steve Gregory. He currently oversees a team of 30 solar professionals and will be responsible for the company’s design, construction and project management activities. Steve brings 40 years of construction operations, land entitlement and development and real estate management experience.

Peter Maros - VP of Business Development, IL
As VP of Business Development in Illinois Peter Maros will be responsible for leading Solect’s efforts to become the leading solar company in the Illinois market. Peter has worked at several solar and renewable energy companies, and most recently served as a Managing Director at a global renewable energy company where he worked on acquisitions in both renewable energy and finance, and was responsible for the company’s solar PV design and installation business in North America.

Paul Montes - Business Development Director, IL
Paul Montes, Director of Business Development in Illinois, brings to Solect more than 25 years of entrepreneurial-based experience in commercial real estate and relationship sales. In Illinois Paul will take a lead role in building trusted, long-term energy partnerships with individual property owners, business operators, corporations and municipalities. Most recently he was a Senior Vice President of Commercial Investment Sales for a national real estate entity.

About Solect Energy
Solect Energy, based in Hopkinton, Massachusetts is the recognized leader in commercial-scale solar. We develop smart, customized strategies based on a deep assessment of each customer’s energy needs and requirements, then deliver solar design and installation solutions, operations and maintenance services, and the most advanced energy storage systems. Solect offers proven expertise in development, technology, policy, and incentives, as well as individualized financial guidance. Our practical, systematic approach helps businesses and organizations reduce energy costs and optimize their solar investment. To date, Solect has installed over 80 MW (megawatts) of commercial PV systems, with a focus on commercial, light industrial, and institutional properties throughout New England and Illinois. For more information, visit http://www.solect.com or follow us on Twitter at @SolectSolar.

Heather Robb, Cabot Strategies, +1 (978) 985-7447, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.