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FedEx continues to reduce bottom line with Solar Power

FedEx Solar Panel Install

When I was at the Earth Day Festival on Sunday, it was interesting to see FedEx’s booth promoting their use of Solar Power. Today on the Official Earth Day, FedEx Freight has completed the installation of a solar-electric system in Whittier, California and is nearly completed with a similar solar power operation at its Fontana, CA location. Both systems are designed to reduce the peak time usage FedEx faces when operating their business in California.

The 282 kW system in Whittier is capable of producing over 414,000 kWh of electricity each year. The CEO claims that they did it for the environment, although consumer research proves the majority of people / organizations who buy solar power do it for the financial benefits before the consider what the system does for the environment. Obviously producing 40% of the facilities annual needs from solar power is only going to increase the value of FedEx’s stock price.

FedEx purchased BP Solar Panels (which we do feature on our shop, hint hint*) for their installation. It seems like all these corporations are sprinting to get their solar electric systems up and running before December, 31 2008, the last day a tax paying entity can receive the 30% Federal Tax Credit form the government.

By the way, Happy Earth Day!! From the entire GoGreenSolar.com Team!

Author: Deep Patel

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