Solar Builder

NOV-DEC 2018

Solar Builder focuses on the installation/construction of solar PV systems. We cover the latest PV technology (modules, mounting, inverters, storage, BOS) and equip installers/contractors with tips and tools to make informed purchasing decisions.

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Page 35 of 47

36 N OV E M B E R / D E C E M B E R 2 0 1 8 T he retail industry is facing challenging times. Business Insider reported that electronics, grocery stores, depart- ment stores and drug stores are among the sectors threatened by online retailers such as Amazon. Businesses that were considered "too big to fail" such as Toys 'R' Us and Payless are among the 300 plus companies that filed for bankruptcy within the last year. This makes it more important than ever to control operating expenses, find ways to drive addi- tional revenue and create a competitive difference. One of the ways that many businesses are achieving these goals is with renewable energy initiatives, and even more specifically, solar. The United States has added more solar power than any other type of electricity in 2018. A recent SEIA report noted that non- residential solar, a category used when companies like AT&T and Nestle switch their electricity source to commercial solar power, was the second largest area of growth. Fortune 500 com- panies have increased their demand for renewable energy, fulfill- ing sustainability goals and taking advantage of lower solar panel prices, stronger financial incentives and ambitious state-level clean energy programs and mandates. This has trickled down, where now many smaller- to medium-sized retailers are embrac- ing solar energy. Retailers have a lot to gain by switching to solar energy. In New Jersey, Solar Renewable Energy Credits (sRECs) allow The 2-MW solar rooftop system at Francis Scott Key Mall in Frederick, Md., is Safari Energy's eighth in the state, bringing the total capacity of Safari Energy's commercial rooftop solar systems in Maryland to nearly 10 MW. Blue Light Special Retail is struggling, but solar can be a ray of hope By Yaniv Kalish

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