By Lorraine Chow, EcoWatch
Solar power is the fastest-growing source of electricity in the country, and now mom and pop shops can take part in the boom.
SolarCity has devised an an affordable solar power option for small businesses, allowing them to pay less for solar power than they pay the utility. Photo credit: Flickr
Solar panels are usually seen on the roofs of residential buildings, schools, large companies or government institutions, but now, SolarCity is expanding its services to small and medium-sized businesses, or SMBs, the company announced. This move essentially allows local businesses to cut ties to their utility and save money against rising electricity costs with renewable energy.
By Naureen Malik, Bloomberg Business
Move over, shale. The sun is now the fastest-growing source of U.S. electricity.
Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprints. Rooftop panels are sprouting on homes from suburban New York to Phoenix, driven by suppliers such as Solar City Corp. and NRG Energy Inc.