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Case Study

Solar installation greens corporate image and finances for BNY Mellon

BNY Mellon solar installation

Solar installation greens corporate image and finances for BNY Mellon As a provider of a full range of real estate services to BNY Mellon including integrated facility management, project management, tenant representation, lease administration and strategic consulting since 1993, Jones Lang LaSalle was aware of the firm’s goal to reduce carbon emissions and explore opportunities for obtaining clean energy from sources such as solar power and wind.  Working closely with our solar energy experts, our facility management team proposed a system capable of an annual output of over 100,000 kilowatt hours (kWh) for a 385,000-square-foot office complex in Everett, Massachusetts.  We were able to identify generous rebates and tax incentives that covered over three-fourths of the project’s $900,000 cost.

Since BNY Mellon wanted to underline its commitment to sustainability, the property management team identified and implemented a unique superstructure tower mechanism that raised the profile of the 5,762 square foot array of rooftop solar panels for greater public visibility.

The system was commissioned on Earth Day 2009 and a Boston television station dubbed it “the most visible solar array in Massachusetts.”

After twelve months of operation, the system provided 107,000 kWh—about 3 percent of the Everett facility’s power requirements—with solar energy. It also saved $17,000 in energy expenses during its first year, with a direct reduction of 50 tons of carbon dioxide and 425 pounds of sulfur dioxide emissions each year. The “green” also extends to savings:  With this system and other recent sustainable projects, the Everett facility is expecting reduced utility costs by over 20 percent annually.

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