Worcester Business Journal

www.wbjournal.com September 28, 2015 • Worcester Business Journal 5 Committed to the success of your business Established in 1989, Bollus Lynch, LLP has evolved over the last 25 years to become one of the area's leading CPA firms. While we have experienced a lot of growth, we've maintained a deep commitment to the Central Massachusetts community and our growing list of valued clients. 89 Shrewsbury St. Suite 200 • Worcester, MA 01604 508-755-7107 • www.bolluslynch.com BOLLUS LYNCH CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS Worcester County was among the most affordable areas in the state for residen- tial solar installations. The average cost of a home solar installation in Massachusetts during the first five months of 2015 was $20,180, or $2,776 per kilowatt hour. That was after rebates and incentives, which Solar to the People found saved purchasers of solar systems during the first five months of 2015 an average of 38 percent. In a break-down of cost by region, Worcester County was among the lower costs per kilowatt hour in the state at $2,656. FITCHBURG — DRS Power Technology Inc., which operates a machinery manufacturing facility at 166 Boulder Drive in Fitchburg, will provide over $6,000 worth of energy-efficient lighting to the YMCA of Central Massachusetts as part of a violation set- tlement with the Massachusetts Department of Environmental Protection (MassDEP) for allegedly vio- lating air pollution control regulations, MassDEP announced. The company was reportedly found by the MassDEP in April, 2015 to have failed to obtain an Air Quality Plan Approval prior to installing equipment that could produce air emissions. The company subse- quently agreed to comply with regula- tions as well as pay the penalty. All of the penalty will be used to purchase energy-efficient LED lighting for the YMCA of Central Massachusetts in Fitchburg. MARLBOROUGH — Marlborough- based Sunovion Pharmaceuticals has extended a drug discovery and develop- ment agreement with a New York com- pany. Sunovion and PGI Drug Discovery LLC (PsychoGenics) will continue the agreement that was first started in 2007 for another four years, PsychoGenics announced. The agreement allows the companies to screen their combined compound libraries for new treatments for neuropsychiatric disorders. The col- laboration has led to the identification of potential drug candidates including a compound in clinical development, according to PsychoGenics. PsychoGenics specializes in using its proprietary technology to discover new drug applications. With various energy proposals advanced this year by the state Senate and Gov. Charlie Baker, and activists claiming solar power development is stalling out, House Speaker Robert DeLeo is hoping to avoid a piecemeal approach to energy law changes. The Senate attached to a climate change adaptation bill a move to lift the cap on the number of solar megawatts eligible for a specific incentive, and Baker filed legislation that would lift the cap a dif- ferent way. Baker also filed a bill that could facilitate the purchase of hydro- electricity from Canada. Solar industry representatives have pushed for action to lift the net metering cap, which deter- mines how many megawatts of com- mercial and public-sector solar energy REGIONAL BRIEFS >> Continued from previous page REAL DEALS Real Deals highlights recent commercial property transactions in Central Massachusetts. Commercial real estate firms that want to submit information on transactions can send it to editorial@wbjournal.com, or fax it to 508-755-8860. Source: Kelleher & Sadowsky Associates of Worcester ADDRESS: 307 Grafton St., Shrewsbury AREA: 10,300 sq. ft. SALE PRICE: $2.4 million SELLER: Kalamat LLC BUYER: CS Holdings LLC can be sold back to the grid at the retail rate, which is significantly higher than the wholesale prices. According to a brief authored by the Pioneer Institute, legislation pushed by a pair of lawmakers from Boston would require rideshare drivers at compa- nies such as Uber and Lyft to carry $1 million in commercial insurance cover- age, compared to a minimum $20,000 per person and $40,000 per accident required of taxi companies. The brief concludes the more stringent require- ment "would kill their business." As for taxis, the brief lists ditching the medal- lion system as an option, but warns of a potential public backlash to municipali- ties buying back medallions they had issued. Another option would be issuing less expensive, non-transferable permits to for-hire vehicles. Sales of existing homes dipped nationwide in August after three straight months of gains, according to the National Association of Realtors (NAR), but the Northeast region was the excep- tion. In the Northeast, existing home sales were at an annual rate of 700,000, unchanged from July and up 6.1 percent over a year ago, according to NAR. Meanwhile, sales declined 1.5 percent in the Midwest; 6.6 percent in the South, >> Continued on next page — Compiled by Sam Bonacci, Worcester Business Journal Staff Writer This 10,300-square-foot office and retail building was constructed 10 years ago. It was fully leased at the time of the sale. Tenants include Café Noir, Salon Sogno, Piel Skin Boutique and Modern Dentistry of Shrewsbury.

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