–Tyler Technologies, Inc. (NYSE: TYL) is installing solar panels backed with batteries at its headquarters in Plano, Texas, in partnership with W Energies Solar One. The project aims to make Tyler more environmentally friendly in the local area while also saving costs and enabling Tyler to withstand future power outages.
The solar panel project adds to the company’s already environmentally friendly approach. When its Plano campus was built, Tyler recycled materials from the existing YMCA building. With the addition of solar panels, Tyler becomes the first company in North Texas to have a commercial solar and storage project. The panels on the north and south buildings’ roofs will generate electricity, and any excess electricity will be stored in batteries that will be in the electrical closets in both buildings. In addition to making Tyler greener by reusing electricity, the energy storage will help Tyler withstand a possible power outage for several hours, allowing the company to continue to work and address its clients’ needs at any time.
“This project is an exciting addition to our other environmental initiatives at Tyler, and we’re proud to be among other energy-conscious companies in North Texas who are making our backyard more environmentally friendly,” said Lynn Moore Jr., president of Tyler Technologies. “We look forward to seeing the benefits our Plano campus will experience using solar panels, and we may even consider replicating this initiative at other Tyler office locations, such as in Lubbock, in the future.”
Tyler has partnered with W Energies Solar One in Dallas on the project. Because of rapid growth in North Texas, Oncor is offering incentives to businesses that create their own power and minimize usage on the power grid. Tyler’s solar panels will let the company receive an incentive, which will help Tyler further support their clients’ needs.
“W Energies Solar One is excited that, once again, Tyler Technologies is proving itself a leader through a solar and storage project that not only is a great financial decision, but also increases their operational capacities in the event of a grid failure,” said Matthew Rater, director of operations, W Energies Solar One.
Tyler’s corporate headquarters in Plano is also the home of its Courts & Justice Division and employs more than 600 people.
