The biggest store chains in the U.S. are now seeing solar panels as a huge way to save energy and money.According to The New York Times article, Stores such as Wal Mart, Kohls, Safeway and Wholefoods Market have installed solar panels on their roofs to generate electricity.
At this point, around 10 percent of each chain has solar coverage, but a large increase can be expected. There is a race in place, to beat the Dec. 31 deadline to gain tax advantages for these projects. Although coal is less expensive, companies believe they can save money by economies of scale.
Cutting back on coal and going solar will save these companies a lot of money and help the environment by using renewable resources.
"It's very clear that green energy is now front and center in the minds of the business sector," says Daniel M. Kammen, an energy expert at the University of California, Berkeley. "Not only will you see panels on the roofs of your local stores, but I suspect very soon retailers will have stickers in their windows saying, "This is a green energy store."
Most companies buy their own solar power systems up front, which may cost between $4 and $6 million dollars for a large store. Agreements can be made as well, where the utility company pays the up-front costs and gives stores a break on the high solar power bills.
Corporations are also looking to other forms of renewable energy, such as wind turbines, sky lights and white roofs that help to save money on cooling. Bernard Sosnick, an analyst with Gilford Securities believes, “It’s not as over the horizon as it might seem."
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