Agree or disagree: Wal-Mart is a socially-conscious, altruistic corporation that installed 89MW of solar because it was the right thing to do.
Let’s put it this way- Walmart wouldn’t install 89 Megawatts of solar (or 3.86 Million 230W solar panels) if it didn’t make financial sense.
Wal-Mart now has a greater solar capacity than 38 states combined. The falling price of PV has allowed companies like Wal-mart to use solar energy to reduce their operating expenses and take advantage of the 30% federal tax credit for renewable energy systems.
Wal-Mart isn’t the only corporation that’s caught on. Some other businesses that are using solar to lower their operating costs include Costco, IKEA, Kohl’s, Apple, Macy’s, Kaiser Permanente, Johnson & Johnson, Volkswagen, Walgreens, Target, Safeway… the list goes on.
Vote Solar’s Executive Director Adam Browning explains, “For years, the promise of solar was always ‘just around the corner.’ Well, solar has turned the corner, and found itself on Main Street, USA. These companies – titans of American business – may have vastly different products, business models, and geographic locations, but they all have something in common: they know a good deal when they see one, and they are going solar in a big way.”
Very BIG. Commercial deployment of solar increased about 40% over last year. Take a look at this infographic.