Growth of solar commercial applications
The latest Fortune issue features an interview with Jigar Shah, the CEO of SunEdison, the largest solar energy provider in the US. This company has been busy building a network of mini power plants to industrial and commercial customers, mainly in the Northeast and California.
Mr. Shah views as a driver for the market the federal tax credit approved in 2005, by which companies that install solar power equipment get a tax break. As the main hurdle, the variety of permissions to get from each utility and the array of codes to comply with.
It seems that there are some factors at play to make this energy solution interesting:
First: these establishments can be energy self-sufficient with these installations
Second: they make business sense
Third: the fact that companies like SunEdison have begun to offer turnkey services that take complexity out of the process, making the decision easier for the executives.