By SkySite Property staff
In an effort to become more green, Macy's and SunPower Corporation, a San Jose-based manufacturer of high-efficiency solar cells, solar panels and solar systems, have partnered to install solar power systems on 28 of the company's California stores. Recently, the company unveiled its first, a 307-kilowatt solar power system at its Oakridge Mall, San Jose location.
"Through commitment and innovation, I believe that we will lead the way to solving the world's environmental challenges," said San Jose Mayor Chuck Reed. "The partnership between Macy's and SunPower is a great example. Together, the two companies are demonstrating how deploying clean renewable technology is fiscally and environmentally responsible. San Jose stands to benefit from their leadership and vision."
The solar power system on Macy's San Jose store is expected to generate 404,000 kilowatt hours per year. It will reduce annual carbon dioxide emissions by 514,000 pounds, which is the equivalent of planting 1,590 acres of trees over the 30-year life span of the system.
To lower the upfront installation cost of the solar array, Macy's used a third-party power purchase agreement (PPA) through SunPower Access. MMA Renewable Ventures, LLC will finance, own and operate the solar power systems at all of the stores. Because MMA will absorb the start-up costs, the cost savings will be realized by retailer immediately.
Combining solar power with energy efficiency upgrades such as high-efficiency lighting and HVAC systems and energy management systems is expected to reduce energy consumption by more than 24 million kilowatt hours annually, achieving an estimated 40 percent reduction in Macy's demand for utility-provided energy in those stores. Carbon dioxide emissions are estimated to be reduced by more than 195 million pounds over the lifetime of the systems, which is the equivalent of removing 1,144 cars from California's highways each year.
Completion of all the solar power installations is expected by the end of this year.
