TIW Technology of Easton is one of 450 companies to receive funding from the U.S. Department of Agriculture for projects aimed at helping agricultural producers and rural small businesses reduce energy consumption and costs.
TIW Technology will receive $20,000 towards the cost of a solar panel system the company constructed earlier this year.
Company President Rod Hatcher said the $104,000 solar array was actually the second constructed by the firm. The new array doubled its energy generating capacity from the $120,000 solar array it had built previously. The two arrays now generate 42kw of power, which Hatcher said is enough to meet between 80 and 90 percent of the company's power needs.
Hatcher said building the solar array just made sense for the firm.
“We're basically a software company in a cornfield. That would be the best description of it,” said Hatcher, noting that much of that land is on a southern-facing hill which is perfect for capturing the sun's rays.
TIW, which specializes in ALERE software business applications, is able to save approximately $1,500 per month on its electric bill because of the solar arrays. He said the USDA grant, along with a number of other state and federal grants, funded about 64 percent of the two solar array projects.
“It really made it worthwhile,” said Hatcher.TIW's grant was one of 11 in the state. Larry Shelmire, a farmer in Quakertown, received $19,806 for a grain dryer.