Commercial Solar Case Study:
ServisFirst Bank
Colite Technologies installed a 126.8 kW system at the ServisFirst Bank headquarters in Birmingham, AL in October 2023. The system will provide $18,000 in energy savings in the first year of system operation and avoid 3,001 metric tons of carbon dioxide emissions over its 25-year life.
Colite Technologies installed a 126.8 kW solar system at ServisFirst Bank headquarters in Birmingham, AL, providing $18,000 in first-year savings and avoiding 3,001 metric tons of CO₂ over 25 years.
Project Overview
- ServisFirst Bank is a full-service commercial bank that started in Birmingham, AL in 2005 and has been steadily expanding across the southern US.
- They saw an opportunity to support their ESG mission through reduced operational costs and environmental sustainability with rooftop solar.
- Colite Technologies designed and installed a 126.8 kW system at the bank’s headquarters in Birmingham, AL.
- The ServisFirst Bank rooftop solar system offsets 13% of the facility’s annual energy use.
- Energy savings over $18,000 expected in the first year of system operation.
- 3,001 metric tons of carbon dioxide emissions avoided over the system’s 25-year life.
- Eligible for renewable energy incentives from federal and state governments.
- Realtime monitoring of production allows for a quick snapshot of performance and fast trouble shooting when needed.
Save Money By Going Green With Solar Energy
Helps Servis 1st Bank Meet Their Sustainability Goals
With 126.8 kW of power generation, this system reduces the facility’s CO2 output by 3,001 metric tons. This is the same amount of CO2 generated by driving 7.6 million miles in passenger car or by burning 3.3 million pounds of coal.
Major Cost Savings on Power Bills
The ServisFirst Bank rooftop solar project offsets 13% of the total power needs of the facility, saving over $18,000 in the first year; as energy costs rise so too will the annual savings. The project is eligible for federal and state energy tax incentives, helping jumpstart ServisFirst Bank savings.
Long Lasting American Made Photovoltaic Panels
The high performance panels were each made in the USA and will deliver 25 years of life. The onsite monitoring system allows for real time tracking of power production, making it easy to see the system’s performance at a glance and troubleshoot any problems if they arise.
Leak-Proof Rooftop Solar PV System Installation
Our ballasted racking system securely attaches PV equipment to the roof without roof penetration. This was imperative for ServisFirst Bank as it allowed them to retain their roof’s existing warranty.
Explore this Commercial Solar Project
Clean, Renewable Energy
Renewable energy is one of the easiest ways to move towards a sustainable future. Solar energy is clean, long lasting, and helps us move away from dependence on fossil fuels.
Solar Energy is an Investment in the Future
By producing on-site solar energy your company will enjoy reduced monthly electric bills. All of our commercial solar systems are fully interconnected with the local power grid, meaning that your business will have uninterrupted power delivery, day or night.
Innovative, Non-Penetrative Racking Systems
Our commercial solar PV systems can be installed without the need for drilling holes – making it perfect for TPO membrane roofs. We also have non-penetrative installation options for standing seam metal roofs, and work with professional roofers to ensure all of our solar installations are leak free.
We Make Permitting and Tax Credits Easy
Most commercial solar PV installations require local permits and working with the utility company to arrange the power interconnect. Colite Technologies handles these details, making your transition to solar power easy. Additionally, we help you determine which governmental tax credits and benefits your system is eligible for and assist with the application process.
System Size
%
Energy Offset
CO2 Avoidance (Metric Tons)
$ First Year Savings
ServisFirst Bank Rooftop Solar Project Gallery
Over 126 kW of Clean Solar Energy Means Sustainability and Savings
The ServisFirst Bank rooftop solar project will deliver decades of carbon free electricity, saving hundreds of thousands of dollars over the lifespan of the unit. As energy costs rise each year, the annual cost savings will follow suit.
These solar panels represent a huge win for the environment too – avoiding 3,001 metric tons of carbon dioxide emissions. Projects like this are necessary for ensuring a greener future for our businesses and local communities.