The Home Depot is taking a big step into the world of solar power as it develops mini solar farms on 50 of its store rooftops.
In partnership with Current, a subsidiary of GE, and Tesla, the company is utilizing Power Purchase Agreements (PPA) to lease its roof space and generate solar energy in five states, including California, Connecticut, Maryland, New Jersey, New York and the District of Colombia.
According to the company, the project will reduce electricity grid demand by an estimated 30% to 35% annually at each Home Depot store; the equivalent of powering 2,300 average U.S. homes for a year.
The rooftop solar project is part of the company’s efforts to utilize 135 megawatts of alternative and renewable energy by 2020.
