SolarCity Helps HP HQ Go Solar

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SolarCity helps HP achieve its clean energy goals with a 1 MW solar PV system. The installation is expected to offset more than 20% of HP’s current power usage onsite, and to help HP reduce its utility power costs by about $1 million over 20 years.

It can take a village to go solar, and that’s been the case for a new installation for HP’s coporate headquarters. The project was made possible by a collaboration between solar provider SolarCity (Nasdaq: SCTY) and HP, along with the City of Palo Alto, City of Palo Alto Utilities (CPAU), and SolarCity financing partner Direct Energy Business (DEB). 

The installation should significantly reduce the technology giant’s greenhouse gas emissions and help it achieve its ambitious renewable energy goals.

SolarCity will install, own, and manage the solar power system, and HP will purchase the solar electricity generated through a contract with SolarCity. The 1 MW system is expected to offset more than 20% of HP’s current power usage onsite, and to help HP reduce its utility power costs by approximately $1 million over the 20-year contract.

 

The new installation will be part of HP’s goal to reduce its environmental impact. The company hopes to reduce its emissions by 20% before 2020, as compared to its 2010 baseline. Over the next two decades, HP’s system will also help address California’s fresh water shortage by saving over 130 million gallons of fresh water that would otherwise be consumed to produce electricity from fossil fuel or nuclear sources.

 

HP’s system, the largest solar system in Palo Alto to date, increases the amount of local solar power installed in Palo Alto by about 21%. The installation will generate enough electricity to power 214 typical homes for a year.

 

HP was able to take advantage of advances made by the City of Palo Alto Development Services Department. Solar permits can now be obtained in a day, compared to almost 70 days in 2011. Inspection timelines have been cut by more than 80 days since 2011.

 

SolarCity provided a package for HP that includes a rooftop solar system with more than 4,000 panels as well as insurance, monitoring, and maintenance throughout the 20-year contract.

 

“HP is making a decision that is positive for the environment and for its bottom line, and should be an inspiration to others,” said SolarCity CEO Lyndon Rive in a statement.