Earlier this week the Solar Energy Industries Association (SEIA) introduced the third version of its annual Solar Means Business report finding that for the second straight year businesses, nonprofits and governmental institutes across U. S. have installed a cumulatively more than 1,000 MW of new Solar photovoltaic installations. SEIA has also added an interactive map showing solar installation locations throughout the country.
“What do Walmart, Costco and Apple have in common besides selling cell phones and computers? These iconic brands, and many others like them, are all investing big in solar energy,” said SEIA President and CEO Rhone Resch. “These forward-looking companies are helping to create thousands of American jobs, boost the U.S. economy and improve our environment.”
“The Top 25 companies deploying solar have installed a combined 569 megawatts (MW) of solar capacity at 1,100 locations—a 28 percent increase over a year ago and a 103 percent increase since 2012,” Resch said. In 2013 the top 25 companies installed 445 megawatts and in 2012 they had installed 279 megawatts.
The report found that as of August commercial-scale solar photovoltaic installations totaled 4,531 megawatts installed across the U.S. at 41,803 locations. Walmart led in installations with 105 megawatts of new solar installations deployed at 254 locations across the U.S. SEIA said the other top 25 companies deploying new solar in 2014 were Kohl’s, Costco, Apple, IKEA, Macy’s, Johnson & Johnson, Target, McGraw Hill, Staples, Campbell’s Soup, U.S. Foods, Bed Bath & Beyond, Kaiser Permanente, Volkswagen, Walgreens, Safeway, FedEx, Intel, L’Oreal, General Motors, Toys “R” Us, Verizon, White Rose Foods, Toyota and AT&T.
“Going solar is a smart way for these blue chip companies to increase value for their shareholders,” said Nat Kreamer, CEO of Clean Power Finance and SEIA board chairman. “Businesses are dealing with higher and more volatile electric rates. At the same time, price declines and financing innovations have reduced the upfront cost of solar. These and other factors make solar a sound business decision today, and consistent policies at the state and federal levels will make solar a top three energy source for the U.S. in the future."Tweet