The manufacturing facility will be located on the southeast corner of I-35 and SE Inner Loop, and construction is expected to be completed in June 2023.
“We are pleased GAF Energy selected Georgetown as their destination for their facility,” Georgetown Mayor Josh Schroeder said in the release. “Their innovative product is one that will change the market as we know it, and we are excited that it will be developed here in our backyard.”
Once open, the new facility will serve as the company’s second U.S. manufacturing center. Featuring the world’s first nailable solar shingle, the trademarked Timberline Solar is the only roof system to integrate solar technology into traditional roofing materials, according to the release.
“The response from both consumers and roofers to our Timberline Solar roof has been tremendous, and we’re thrilled to be expanding capacity to meet that growing demand,” GAF Energy President Martin DeBono said in the release. “Georgetown has a long track record as a clean energy leader, so it is the perfect home for us to build the future of solar. We launched Timberline Solar because we believed that more consumers would choose solar if they had a more reliable, durable and attractive option. The market has confirmed our belief—now we’re turning that belief into reality and building the future of clean energy here in the U.S.”
City of Georgetown officials said GAF Energy will bring 265 high-tech jobs to the city over the next 10 years. The total capital investment for the project is estimated to be over $100 million in that time.
Additionally, GAF Energy will receive a total combined incentive package worth more than $3.24 million from local jurisdictions, including property tax abatement for 10 years of 75% for business personal property and 50% for real property, valued at $2.35 million; a five-year job creation grant with a total value of $395,000, paid by the Georgetown Economic Development Corporation; the retirement of Renewable Energy Credits to offset the company’s electric usage for five years to certify the facility as using 100% renewable energy, valued at $500,000; and a net 10-year economic impact to Georgetown estimated to be $3.75 million.
Learn more about GAF Energy and Standard Industries here.
