Sanibel Captiva Community Bank has installed solar electricity systems at its two largest branch
locations: Main Office at 2475 Library Way on Sanibel and McGregor Branch at 15975 McGregor Blvd. in Fort Myers. The solar electricity systems, also known as solar photovoltaic systems, work in parallel with utility electricity to provide power in a seamless manner to the bank.
“We began exploring solar energy options as part of the SanCap Solar Connect Solarize initiative for our main office on Sanibel,” said Craig Albert, president and CEO of Sanibel Captiva Community Bank. “We strive to be a responsible corporate neighbor and are committed to practicing sustainable conservation practices and reducing our carbon footprint.”
Sanibel Captiva Community Bank invested $114,000 in the solar electricity systems. The main office’s system contains 85 solar modules and McGregor branch’s system contains 46 solar modules, rated at 260 watts each. The two systems’ electricity production is projected at nearly 50,000 kilowatt-hours annually.
The new systems will reduce the bank’s fuel-based energy consumption and also deliver any excess solar-generated energy back to the electric utilities for credits. The bank anticipates an annual cost savings of $6,000 between the two facilities.