Why Deneen Pottery Chose MinnPACE

Loan Amount:
$390,000
Energy Improvement:
Solar
Annual Energy Savings:
$20,000
Location:
Saint Paul

This business installed a 130-kilowatt solar array that will generate enough electricity to power one of their kilns and deliver roughly 18% energy savings. They were excited about how much clean energy the system will produce and how easily they could visualize its impact on their operations. MinnPACE made the project simple to finance, with just two annual payments through their property tax bill and a very reasonable interest rate. They described the process as straightforward—easier than buying a house—and something they would gladly do again. For businesses that own their building and believe in their long-term model, they view MinnPACE as a clear “no-brainer.” Beyond the financial benefits, they value the environmental impact, comparing the solar array’s lifetime benefits to preventing the burning of thousands of tons of coal or planting tens of thousands of trees.