21 Oct '16, 9am

Why it's a brilliant time for companies to invest in solar power

It is a visible symbol of sustainability commitment. Customers and other stakeholders who see a solar array on a company’s campus or physical plant witness direct and tangible efforts to reduce environmental impact. It presents clear additionality, which means that the project would not have occurred without the company’s efforts. Contrast this to, say, purchasing renewable energy from a utility: That energy likely would have been generated regardless of an individual customer’s purchase. The majority of onsite solar systems are installed behind the meter, and therefore directly offset electricity consumption at the site. Onsite solar provides operating expenditure (OPEX) savings from the outset, whether financed by a power purchase agreement (PPA) or direct investment. Onsite solar makes use of underused assets such as roofs, parking lots and unused ground space.

Full article: https://www.greenbiz.com/article/why-its-brilliant-time-c...

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