Major brands are investing in solar energy
In an increasingly competitive business landscape, major brands are turning to solar energy to stay ahead. From large corporations such as Walmart, General Motors, Johnson & Johnson, Staples, Walgreens, Costco, Apple and IKEA to small, local companies, U.S. businesses are making significant investments in solar to cut energy costs.
The consistent decline in the cost of photovoltaics (PV) systems has continued to improve the solar value proposition to commercial users. The average price of a completed commercial PV project has dropped by 30% since the beginning of the 2011 making solar more affordable than ever for American businesses. The dramatic fall in prices is encouraging more and more companies to open their investment portfolios to on-site solar energy systems.
Harry Forbes, senior analyst automation with ARC Advisory Group, was recently interviewed by Steve Banker in Forbes Magazine. the question posed was “should warehouses invest in solar energy?”
His answer was to invest now if you haven’t already. He sited states like Massachusetts, New Jersey, California, Arizona, New York, North Carolina, Hawaii or Colorado as prime locations as they have the largest markets right now for commercial solar.
And there are risks to not investing, according to Forbes. He says that going forward US commercial and industrial firms will face higher utility rates as utility business models are disrupted by renewables. In addition, the federal government will soon propose regulations that could force many coal power plants now operating to close. Utilities that must to invest in new generating capacity to replace it will end up passing that cost to their customers.
Click here to learn more about how major brands are using solar.
