Solar + Farm = Long-term Savings for 5 Spoke Creamery

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Project Profile

“Orange County Planning directed us to their Energize NY Finance program to help get the balance of funding we needed to make this project happen. Going through the Energize NY Finance program was pretty simple and the energy savings will have more than paid for the financed amount by 2020.”

— Barbara Glustoff Owner, 5 Spoke Creamery


Project cost:  $164,859 
Incentives:  
   NYSERDA:   $ 51,977
   USDA:  $ 41,215 
Amount financed:   $ 74,796
Term:  5 years 

Interest Rate:

 4.3%
 Financing Cost:   $ 16,780/yr

Electric use offset:  105%
Net Cash flow to owner   
   Years 1-5*   +$16,030/yr
   After financing repaid  +$15,400/yr
   

*(includes federal tax credits, incentives)

This is the story of 5 Spoke Creamery, a family run dairy farm in Orange County, NY. Under Governor Cuomo’s new Reforming the Energy Vision (REV) initiative, they were able to go 100% solar. Watch to learn more about the farm, their solar powered cheese operation and the new opportunities available to New Yorkers to adopt cleaner energy solutions.


News Coverage

100% Campaign blog 5 Spoke Creamery: Solar Powered Cheese  

Ag Focus, Cornell Cooperative Extension: Farmers Cut Operating Costs with Clean Energy Projects 

Partner Information

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