Profitable Companies Love Solar
Individuals seeking to lower their personal electric costs are not the only beneficiaries of solar power. Most of the money saved through solar is actually saved by multinational corporations looking to cut down on their overhead costs and raise their bottom line. For companies, large or small, saving on utility bills is the easiest way of maximizing profit without dipping into the pockets of employees. With solar power, the strategy of cutting back on bills has proven itself to work for increased savings year after year, and the use of solar energy with the world’s giant corporations continues to increase.
Only a few people in the world have never seen or heard of WalMart. With its low prices on a variety of everyday goods, WalMart is the wealthiest company on earth. Stock for the company has steadily risen, and the company has made a concerted effort to become more eco-friendly. It is the company with the highest amount of solar power usage in the world, and its usage has gone steadily up.
Prologis develops and manages distribution facilities all over Asia, Europe, and the Americas. With around 3,000 facilities under their belts and a little less than 5,000 clients, those numbers don’t seem to indicate a huge user of solar energy, but they use nearly as much as WalMart. Prologis is able to keep up with their clients’ need to keep their own expenditure low, while continuing to employ people, by using solar panels on their buildings.
Similar to WalMart in its offerings and mission, Target is another big-box retailer with low prices on everyday goods. Target, too, has decided to put forth the effort to be more eco-friendly, and has been successful at driving down operational costs while maintaining low prices and offering employment.
Apple has had the most profitable stock for a number of years. A leading tech company, Apple computers have been used more and more in homes and businesses, making their silver apple symbol ubiquitous. Apple facilities are able to save on their operational costs through the use of solar energy, following the likes of WalMart and Target, and work within the company has been plentiful.
With its great employee relations and low prices on bulk goods, CostCo’s reputation in the business world is a good one, and it is, year after year, voted one of the best places to work. CostCo is also a front-runner in the race to be green – a great many of its facilities run off of some percentage of solar power. The advantage, of course, to solar-powered businesses is that they are able to fully-utilize solar power because business hours are during the day.
For years, Kohl’s has competed with T.J. Maxx, Marshall’s (a subsidiary of T.J. Maxx), H&M, and Old Navy to provide high-quality ready-to-wear fashion, trendy furniture, lifestyle additions, and accessories. Many of their distribution facilities run off of solar power, pushing Kohl’s to the list of eco-friendly companies.
The simple lines of IKEA have appealed to Americans for decades. The Swedish company, revered for their space-conscious, inexpensive furniture as much as they are for their meatballs, has been making waves in the eco-friendly community for committing to sustainable manufacturing partially through the use of solar panels.
The world’s first department store also has joined the eco-friendly business revolution by installing solar panels on some of their distribution facilities. This reduces their reliance on the electric grid, providing a more sustainable building that will also save the company money.
Hartz Mountain Industries
Perhaps it should not come as a surprise that another real estate investing corporation has turned to solar power to save on overhead costs. Developing buildings with solar panels will hopefully become more standard as we learn to better tap into this renewable energy.