Tag: "ikea"

09/25/12

  11:30:00 am, by Jim Jenal - Founder & CEO   , 274 words  
Categories: All About Solar Power, SEIA, Commercial Solar

Solar Means Business!

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!

Top twenty companies for installed solar capacityAs 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!

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08/12/11

  05:00:00 pm, by Jim Jenal - Founder & CEO   , 227 words  
Categories: All About Solar Power, Solar Economics, Commercial Solar

IKEA Aims for Energy Independence

IKEA Burbank Store with Solar

IKEA’s Burbank CA Store with Solar

We noticed before that furniture giant IKEA was installing solar at six stores in the U.S., but we had no idea that their ambition was so grand.  “The direction of travel for us is 100 percent renewable,” said chief sustainability officer, Steve Howard. “We’re likely to hit 70 to 80 percent by 2015."  Wow!

 

As a starting point - well beyond those six U.S. stores - IKEA is installing 39,000 solar panels on its stores in the UK as well as purchasing a 12.3 MW wind farm in the Scottish countryside.  Those two steps alone will cover 30% of IKEA’s UK electricity consumption.  Altogether, IKEA owns 67 wind turbines (in the UK, Denmark, Germany & France) with a combined generation capacity of 127 MW.

So why is IKEA making this investment in renewable energy sources?  That’s easy - to save money, just like any other company.  According to Howard, in the past, IKEA has been subjected to electricity price spikes that cost the company $1.7 billion (USD) per year.  By purchasing renewable energy sources, IKEA is able to avoid those spikes and lock-in its energy costs for the next two decades.

The lesson for U. S. companies (and particularly those in sunny SoCal) should be clear - solar is an investment that will pay handsomely to the bottom line while making the world a cleaner, healthier place.  Independence, after all, is such an American value!

06/14/11

  11:53:00 am, by Jim Jenal - Founder & CEO   , 442 words  
Categories: Solar Economics, Commercial Solar

What Companies Choose Solar?

Since not every company’s roof sports a solar power system, it is clear that not every company is going solar.  So that got us thinking - just what kind of companies are choosing to incorporate solar into their business plans?  A quick scan of recent headlines reveals that some of the best known companies in this country are making big plays to add solar.  Consider these headlines:

The list goes on and on.

What do all of these companies have in common?  Pretty much every one of these news stories reflected the same wisdom that was described by Kikkoman’s management.  Particularly in California, the combination of abundant sunshine, respectable solar rebates and positive tax incentives (both in the form of the 30% federal tax credit and the federal and state accelerated depreciation schedules) makes adding solar a compelling financial decision.  Indeed our most recent commercial clients are seeing an internal rate of return in excess of 17% with payback occurring as soon as Year 4.  By Year 10, the owner of a 50 kW solar power system will have not only paid off their entire out-of-pocket cost, but they will have more than $100,000 in savings to boot.  No other investment that could be made in your business can match that return.

Don’t be left out - follow the lead of some of the best known companies in America who have figured out that it is time to Go Solar, Now!

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Jim Jenal is the Founder & CEO of Run on Sun, Pasadena's premier installer and integrator of top-of-the-line solar power installations.
Run on Sun also offers solar consulting services, working with consumers, utilities, and municipalities to help them make solar power affordable and reliable.

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