We have written before about the types of companies that choose to install solar and we featured the specific strides that IKEA is making toward energy independence. But now comes a report from the Solar Energy Industry Association (SEIA) and Vote Solar that shows that when it comes to saving money, solar really does mean business!
As the above chart shows, these twenty companies have installed more than 700 solar power systems with a combined total capacity of 279 MW, or enough to power more than 46,000 typical American households! Retail giant Walmart leads the way with 65 MW of installed capacity, followed by Costco, Kohl’s, IKEA and Macy’s.
Indeed, the report shows that IKEA has installed solar at 79% of its stores, exceeding by mid-2012 the goal that it had set for 2015!
What is motivating these companies to adopt solar at such an impressive - and accelerating - pace? Well, it certainly isn’t green-eyed environmentalism nearly as much as it is far-sighted economics. These companies have figured out that solar power systems are a great money maker - with paybacks occurring in 4-7 years and decades of savings thereafter.
The good news is that your company doesn’t have to be a giant in the field to save money like one. Commercial solar is simply the smartest investment any company could make, and when combined with PACE financing (at least here in Los Angeles County) you can have all of the benefits of commercial solar with next to nothing out-of-pocket.
So what are you waiting for? Give us a call or click on that giant “Go Solar Now” button on the right to get you started on the road to some major savings!
In a to-the-point Op-Ed in the online edition of Fortune Magazine, FedEx CEO Frederick Smith calls for “a truly bipartisan solution to our oil dependence” that involves replacing the existing fleet of oil-consuming vehicles with electric cars and trucks. He’s absolutely right, and it is high time for Congress to act.
As the head of FedEx, Smith knows something about oil dependence: everyday FedEx puts 670 aircraft into the skies (flying half-a-million miles each day) and over 70,000 other motorized vehicles - nearly all of which consume oil. But give him credit - for unlike some who simply cry for us to “drill, baby, drill” - Smith acknowledges that this is simply not sustainable. Rather, the solution he proposes is legislation that would encourage the deployment of EVs at a vastly accelerated pace:
What we need to protect our nation is the environment to create in a few short years an entirely new transportation system with millions, and then tens of millions, of electric cars and trucks.
And there is a way to make it happen – pass a bill to promote electric vehicles. Last summer Republicans and Democrats on the Senate Energy Committee voted in favor of a plan to assist the deployment of electric vehicles and infrastructure in the U.S. The bill, which still hasn’t passed, was based in part on policy recommendations by the Electrification Coalition, a group of which I am a member. It calls for the creation of electrification “deployment communities": regions where incentives would support electrification at scale. It leverages constrained federal resources in a market-friendly way by encouraging communities to work with major employers, utilities, and other stakeholders to find the most cost-effective pathways to electrification.
Readers of this blog know well that we are huge supporters of EVs. Legislation at the national level that would encourage the production and deployment of EVs should also promote solar and other renewable energy sources at the same time. It is a natural fit - renewables like solar can fuel EVs so that there are zero emissions associated with the miles traveled and a solar power installation will continue to provide the energy needed to fuel that EV for 25 years or more.
We encourage you to read the entire piece (link at the headline of this post) and share your thoughts in the comments.
On a related note, here is an interview with Nissan CEO Carlos Ghosn discussing the rising cost of oil and how that is driving demand for the all-electric Leaf.