Growth in Solar Power Use by Corporations Spotlights Financial Sense

A new scorecard from the Solar Energy Industries Association delivers a high grade to the corporate adoption of solar power in the U.S. The top 25 corporate users of solar have more than doubled their capacity over the past two years. Eight of the top 13 companies on the list are big box retailers, led by Walmart, and including Costco, Macy’s, Kohl’s, Target, IKEA, Staples, and Bed Bath & Beyond. Others who made the grade are tech leaders (Apple, Intel, AT&T) and car companies (Volkswagen, Toyota, GM). This explosive growth is fueled by a basic business dynamic:  costs to install commercial photovoltaic systems have dropped by more than 45 percent since 2012, and electricity rates have risen by more than 20 percent in the past 10 years. Sounds like bottom line fundamentals are making a profitable business case for renewable energy.

John Howell, Editorial Director

News & Blogs

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