Environmentally Sensitive, Economically Significant
Sierra Toyota of Lancaster, California, recently reopened an updated and expanded dealership. The Toyota Image 2 update doubled the square footage of the service center and offices and included an addition of a second floor. This brought Sierra both business and a new, larger than expected electric bill. After looking at ways to reduce their energy costs, Sierra discovered that solar power fit the bill.
Sierra selected SolarCity for the project for the breadth and depth of its commercial installation experience, and its unique capacity to provide Sierra everything it needed for the project. SolarCity is the largest solar service provider in the U.S., and the only company to provide fi nancing, design, installation, monitoring and repair services from a single source.
"Working with SolarCity has been very smooth," said Jim Hawse, president of Sierra Toyota. "They gave us a straightforward proposal with a meaningful financial analysis, and we couldn't have asked for better support from their project management and engineering teams. SolarCity takes care of every detail of our solar project—they have managed the entire workflow efficiently, allowing me to focus on my dealership."
Paving the Way for Other Dealerships – Support from Toyota Corporation
Toyota Corporation has demonstrated genuine concern for the environment with one of the most fuel efficient vehicle fleets in the world. However, while many Priuses now feature solar panels, few dealerships do. Toyota Corporation provided Sierra excellent support for its solar project including a $2.5M construction loan from Toyota Financial. SolarCity's flexible contract lowered Sierra's costs by both accommodating the loan structure and payment terms and leveraging available rebates and the federal tax grant. SolarCity's range of financing options could allow many dealerships to go solar with no upfront capital investment and save money immediately by paying less for solar than they currently pay for electricity.
Sierra Toyota sets a strong example for other dealerships—it's possible to use cleaner power and save money at the same time. Sierra may be among the first group of Toyota dealerships to go solar, but thanks to great economics and strong support from Toyota Corporation, it shouldn't be the last.