Solar-Powered Warehouses Are Preferred by Many Companies
Warehouses and distribution centers typically consume large amounts of electricity in the course of day-to-day operations.
The U.S. Energy Information Administration estimates that warehouses in the United States spend an average of $0.70 per square foot on energy, with half of that amount going directly to electricity.
To put it into perspective, approximately 15 percent of a warehouse’s total operating budget goes toward energy costs. Given the energy use in these buildings—as well as the importance of achieving environmental, social and governance (ESG) objectives for many tenants—there is growing interest to meet electricity demand with clean, renewable energy.