SolarCity announces a new solar installation for Planet Honda in New Jersey. The system is expected to save the car dealership over $70,000 in energy costs over the next 20 years while reducing CO2 emissions by 2.5 million pounds
New Jersey’s Planet Honda is cutting energy costs and reducing its environmental impact with a solar power system from SolarCity (Nasdaq: SCTY). The solar system is expected to save the car dealership over $70,000 in energy costs over the next 20 years while reducing CO2 emissions by 2.5 million pounds, the equivalent of planting over 28,000 trees.
Planet Honda is New Jersey’s first Honda dealer to go solar with SolarCity.
“We’re happy to be doing our part to protect the planet, but the bottom line is that we made the move to solar because it is going to save us a lot of money,” said Bill Feinstein, owner of Planet Honda in Union, New Jersey. “With SolarCity, we’re reducing our carbon footprint and saving thousands of dollars on energy costs at the same time.”
“We’ve asked our dealers to reduce their environmental impact by participating in our Environmental Leadership Program,” said Steve Center, Vice President of the Honda Environmental Business Development Office. “With our SolarCity partnership, we’re making it easy and affordable for our dealers to go solar.”
SolarCity recently opened a new operations center in New Jersey, and it currently employs over 100 people in the state. Their partnership with Honda also extends to Honda and Acura customers, who can go solar with little or no money down and immediately start paying less on their utility bills.
“SolarCity makes it easy and affordable for New Jersey businesses and homeowners to go solar,” said Lee Keshishian, East Coast Regional Vice President for SolarCity. “Our partnership with American Honda makes it even easier.”