Kuster Tours Hitchiner Manufacturing Solar Site, Highlights Clean Energy Potential in New Hampshire
Milford, N.H., August 10, 2021
Milford, N.H. – Today, Rep. Annie Kuster (NH-02), a member of the House Energy and Commerce Energy Subcommittee, toured Hitchiner Manufacturing in Milford and discussed new investments in solar energy made in the most recent COVID-19 relief package and their newly constructed facility.
In July, working with ReVision Energy, Hitchiner announced it has installed a 510-kilowatt solar array on-site at one of its Milford, NH, manufacturing facilities. The array represents a $1 million investment in cost-competitive renewable energy. The array will produce more than 625,000 kilowatt-hours of renewable energy every year at a cost of less than $0.04 per kilowatt-hour. This will save Hitchiner more than $3.5 million over the array’s lifespan, and reduce Hitchiner’s carbon footprint by more than 665,000 pounds annually.
“The Granite State’s own Hitchiner Manufacturing is a great example of how investing in clean energy is a win-win for businesses and our environment,” said Rep. Kuster. “As we accelerate the transition to clean energy, we must continue to incentivize businesses to utilize solar energy to lower electricity costs and reduce their carbon footprint. That’s why I was proud to help secure solar tax credits in the most recent COVID relief package – a critical federal investment for renewable energy businesses like Hitchiner. I will continue working in Congress and on the Energy and Commerce Committee to strengthen our clean energy infrastructure for generations to come.”
“Hitchiner has invested in New Hampshire for 75 years to improve the state’s economic base while creating good employment opportunities,” said John H. Morison IV, VP, Treasurer & Secretary, Hitchiner Manufacturing Co., Inc. “Most recently Hitchiner invested more than $50 million in a new high-tech investment casting facility. One of the major hurdles in deciding to make that investment in New Hampshire were the state’s electrical costs, which are among the highest in the nation. That is why Hitchiner, working with ReVision Energy, has installed a 510-kilowatt solar array in Milford, NH. The array will save the Company more than $3.5 million over its lifespan, and reduce Hitchiner’s carbon footprint by more than 665,000 pounds annually. The Company hopes to make it clear that New Hampshire must continue to work on addressing high electrical costs and that this can be accomplished with clean renewable energy. We are happy to tour the array and the new facility with Congresswoman Kuster as she works toward these shared goals at the federal level.”
Rep. Kuster has continuously advocated for the extension of the solar Investment Tax Credit (ITC), which gives companies a tax credit of 26% of the purchase price of their solar energy system. In last year’s December omnibus spending deal, which Rep. Kuster supported, the solar ITC was extended at 26% for two more years, instead of dropping to 22% as had been scheduled.