SolarCity, NRG Energy and Whole Foods Market (WFM) are partnering together to install solar power systems on several market locations across the U.S. in order to increase solar power production, offset some need for traditional grid power and help WFM save money on energy costs.
Per the plan, WFM will retrofit up to 100 of its stores with rooftop solar and SolarCity will deliver the solar power services, custom-designing each power system to maximize the amount of grid power offset. After the initial agreement, WFM also contracted with NRG Energy to provide panels for up to 84 of those 100 locations.
WFM expects to save money with the new solar installations by purchasing power from SolarCity at a discount to current electricity costs, locking in low solar energy rates. These power systems, once completed, are expected to place WFM within the top 25 corporate solar users in the nation, according to a recent release.
“This program showcases an exciting step in Whole Foods Market’s efforts to increase support for renewable energy as well as lower energy costs,” says Kathy Loftus, global leader in sustainability at WFM. “We strive to live our core values of environmental stewardship, as well as serving and supporting our local and global communities. This project allows us to continue to meet the needs of all of our stakeholders.”
According to a release from WFM, this move could increase the company’s solar energy portfolio by up to 400%.
SolarCity expects installation to begin this spring.