Retail Giants Going Solar
It wasn’t long ago that large retailers began featuring green-branded products on their shelves and promising to implement “going green” into their day-to-day operations, but these days? “Green” has graduated far beyond buzzword territory. All around the country, policies that reduce our carbon footprint and dependency on fossil fuels, and that make use of local, renewable resources are becoming business as usual. And at the forefront of this movement? Yep, it’s no surprise to us either: clean, affordable and naturally abundant solar power.
According to a report released jointly in September by the Solar Energy Industries Association and advocacy group, the Vote Solar Initiative, large chain stores are turning their roofs into money-makers by using solar panels to cut their energy costs. Walmart, CostCo and Kohl’s are among the companies who have made great strides in 2012 to increase the number of stores they operate with solar installations on their rooftops; Kohl’s alone expects to have 150 locations operating on solar power by the end of this year. IKEA plans to have solar panels installed on all of its U.S. locations by the end of the year, and retail titan Walmart already has 150 solar locations—and expects to increase that number to an astounding 1000 by 2020!
One reason for the retail solar boom is that technological advances over the past few years have drastically brought down the price of solar panels. But like many homeowners, large chain retailers are also taking advantage of new financing options like leasing solar panels from companies like SolarMax Technology.
In a recent interview with the New York Times, Rhone Resch, chief executive of the Solar Energy Industries Association said of the retail solar boom, “Five or six years ago, you probably would have read about a pledge in an annual report about what they’re doing for the environment. Now what you’re seeing is it’s a smart investment that they’re making for their shareholders, and this is a standard business practice.”
If you’re interested in more information about putting your roof to work for you at your place of business or at home, contact SolarMax Technology today!