JCPenney going solar in New Jersey, California
Michael J. Knell -- Furniture Today, April 1, 2009
Deptford, N.J. – JCPenney today celebrated the installation of solar electric systems in five New Jersey stores by SunPower Corp., one element of a deal with Integrys Energy Services that will also see four California stores receive installations.
The total solar electric generation capacity of the nine locations will be 3.7 megawatts, the companies said.
The retailer said it expects the systems to generate about one-quarter of each store’s total energy demand; JCP also upgraded lighting components with more efficient fixtures.
Michael Taxter, evp and director of JCPenney stores, noted, “New Jersey’s progressive efforts to promote renewable energy, combined with SunPower’s high-efficiency technology and Integrys’ financing, worked together to make this project viable.”
JCP purchases electricity from Integrys at rates competitively priced against standard utility rates, which saves money against rising peak power prices. In exchange, Integrys owns the renewable energy credits associated with the systems. The arrangement is dubbed “SunPower Access.”
The systems are in place at the Deptford, Cherry Hill, East Brunswick, Wayne and Woodbridge, N.J. stores. In California, the locations to host SunPower systems will be in El Cajon, Palmdale, Redlands and Santa Clarita.
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