Valley National Bank leads the way in renewable energy with a solar roof on their New Jersey headquarters location
Wayne, NJ, April 12, 2006 - The Valley National Bank has always been progressive. So it came as little surprise when the roof of their corporate headquarters needed replacing and they saw it as the perfect time to evaluate renewable energy alternatives and the generous incentives offered by the state of New Jersey. They contacted Pfister Energy, with offices in Paterson and Freehold, New Jersey. Working with Uni-Solar and Soprema, Pfister developed a unique energy-saving solution for Valley National Bank.
A first of its kind in the United States, Uni-Solar flexible solar panels were adhered directly to the Soprema roofing material to create a lightweight solar roof with a ROI of less than eight years. ?In addition to the aesthetic benefits of a solar array integrated with the roofing system, the unique single 20-year warranty through the SOPREMA/Uni-Solar partnership covers both the roof and the solar panels,? says Wayne Pfisterer, President of Pfister Energy. ?The bank knows that if there ever is a problem with either roof or panels or both, there won?t be any finger pointing between the manufacturers and the installer. We all work as one.?
The energy savings have also been significant. ?We are not only reducing our electricity costs,? a bank representative reports, ?We are actually earning New Jersey Renewable Energy Certificates that generate income for the bank. With the produced power and state credits, our integrated solar roofing system will pay for itself in less than eight years. With a system life expectancy of 30 years, we?re looking forward to a quality roof that protects our building and generates returns for 20-25 years...?
Valley National Bancorp is a regional bank holding company with over $12 billion in assets, headquartered in Wayne, New Jersey. Its principal subsidiary, Valley National Bank, currently operates 163 branches in 106 communities serving 12 counties throughout northern and central New Jersey and Manhattan.
Pfister Energy is a New Jersey-based company dedicated to renewable energy solutions that make sense for commercial, industrial and institutional properties. As a ?Design-Build? contractor, Pfister Energy provides turnkey solutions that include design, procurement, installation, commission and maintenance directly to clients, architects, and other renewable energy firms. Pfister Energy is a division of Pfister Roofing, a recognized leader in commercial roofing, construction and waterproofing for almost 25 years.
