The largest automotive aftermarket parts retailer in North America engaged SolarCity to help bring more affordable energy to its Enfield, Connecticut distribution center. In 2014, Advance Auto Parts, Inc. (NYSE: AAP) entered into a 15-year leasing agreement with SolarCity to supply energy to the distribution center at a fixed rate that’s lower than what the local utility company currently offers.
Advance partnered with SolarCity because of its level of experience in Connecticut. The state’s Zero Emission Renewable Energy Credit (ZREC) program provided an opportunity for Advance and SolarCity to design, install and interconnect a system that supplies energy, reduces greenhouse gas emissions and provides significant savings for Advance, helping keep its prices low for customers.
Converting an empty roof to save money.
The project was completed in two months with no upfront capital investment by Advance and minimal disruption to its daily operations. What used to be a vacant roof now generates more than 1.4 GWh of energy annually, with the potential to save the center an estimated average of $100,000 or more per year. The system is expected to offset more than 22.8 million pounds of carbon emissions over the 15- year lease term, the equivalent to planting 985,000 trees.*