08/21/2020: Bank of Belleville goes solar with $145,000 roof that has a 6-year payoff

BELLEVILLE, Ill. — Bank of Belleville has installed a $145,000 solar roof that will cut its utility costs by $10,000 a year and has a six-year payoff at most.

“Our net investment is $45,000 to $50,0000 after federal tax credits and Ameren incentives,” President and CEO Ron Stephens said. “We’ll probably save $10,000 a year on the utility bill, so it’s less than a six-year payoff — kind of a no-brainer.”

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