Thule announces that a 318-kilowatt DC solar photovoltaic system will be installed by North Chelmsford, Massachusetts-based American Capital Energy on the roof of Thule's Seymour, Connecticut US headquarters.

The Thule solar PV system will consist of two separate arrays with a total of 1,876 solar panels. The PV system will supply an estimated 324,800 kWh annually, or about 26% of the facility's total electrical needs. Thule will be hosting the system under a power purchase agreement, where Nautilus Solar Energy, LLC, a developer of distributed generation and utility scale solar power projects, will own the solar system and Thule will purchase energy produced at a fixed price below current utility rate. This allows Thule to stabilize its energy costs and Nautilus to receive federal tax incentives, rebates and renewable energy credits associated with the project. The Connecticut Clean Energy Fund's On-site Renewable Distributed Energy Program is providing a $1.3 million grant to subsidize the system.