Alpine Bank has committed to purchasing electricity generated from solar panels to offset power used at its locations across Colorado.
Alpine Bank has agreed to purchase more than 232 kilowatts of capacity from the Clean Energy Collective, a Colorado-based group that operates or is developing 23 community solar facilities across the state.
The roughly $766,000 purchase will offset 34 percent to 100 percent of power use at a 21 Alpine Bank locations in Western Colorado and Denver. The bank’s 932 photovoltaic panels are expected to generate a total of 394,000 kilowatt hours of electricity in the first year while eliminating the production of 272 metric tons of carbon dioxide.
David Miller, vice president and leader of the Alpine Bank Green Team, said the purchase demonstrates the bank’s commitment to the environment as well as supports its certification for meeting international standards for environmental management. Alpine Bank remains the only financial services company in North America to hold the International Standards Organization (ISO) 14001 designation.
“We believe being green is part of being a responsible corporate citizen, and it’s an important part of our mission,” Miller said. “Yet, being green isn’t enough because we also need to maintain a healthy bottom line to be taken seriously by our customers and shareholders. Our commitment to community solar with CEC proved to be the right financial and environmental solution for us.”
Headquartered in Glenwood Springs, Alpine Bank operates 37 locations across Colorado, employs more than 500 people and serves more than 130,000 customers. For more information, visit www.alpinebank.com.