Timbren Industries
- Home
- Timbren Industries
IRR
22%4.7 Years
Payback Period
923%
ROI
$291K/YR
Hydro Savings
Case Study Timbren
Commercial Solar Success in the Manufactureing Industry
The Challenge
Timbren Industries operates in an energy-intensive manufacturing environment, where electricity costs represent a substantial portion of ongoing operational expenses. With rising utility rates and limited control over external energy supply, leadership sought a solution to reduce exposure to unpredictable costs and secure a dependable, long-term electricity source. Addressing these challenges was vital not only for cost management but also for supporting the company’s commitment to sustainability.
The Solution
After a comprehensive evaluation of available energy solutions, Timbren Industries selected Otter Energy for their proven expertise in delivering fully integrated, ISO 9001-certified commercial solar projects. Otter Energy’s in-house engineering, procurement, and construction team designed and installed a 1MWdc/740kWac rooftop solar PV system, utilizing 1,854 Thornova Solar 550W modules and four Solis 185kW inverters. The project was delivered as a seamless turn-key solution, ensuring compliance with safety and building standards, and was designed for long-term operational reliability. As Jason Dykstra, VP Sales, noted: “Our solar solution produces 75% of Timbren’s electricity needs and saves them $291,000 per year.”
The Results
Since commissioning the rooftop solar project, Timbren Industries has realized transformative results. The installation now offsets 75% of the facility’s electricity consumption, resulting in annual savings of $291,000. The financial analysis demonstrates a 4.7-year payback period, an internal rate of return of 22%, and an impressive total ROI of 923%. Operationally, the system provides predictable, on-site electricity, shielding the client from future utility price increases. Environmentally, the project advances Timbren’s Net Zero ambitions by significantly reducing greenhouse gas emissions, ensuring both immediate and long-term benefits for the business and its community.
Challenges
- High Energy Costs: The client wants to significantly decrease operational costs with solar.
- Control: This Solar project successfully creates long-term electricity on-site that is dependable and inexpensive compared to rising utility rates.
- How to Make It Happen? Otter is a fully integrated solar company that provides experienced solar solutions with a fully integrated in-house design, procurement, construction and project management team. This is the Otter Energy difference.
Solutions
- Big Solar Savings: Designed and delivered a 1MW DC solar solution to offset electricity for the next three decades.
- Consistent Results: The 1854 solar panels consistently produce enough electricity to offset 75% of the facility’s requirements while reducing GhG contributions and helping with Net Zero targets.
- The Otter Energy Advantage: Drawing on 16 years of experience and deep construction roots, we were able to unlock the property’s hidden value and deliver an attractive ROI.