Kudos to Cincinnati-based Fifth Third Bank for committing to renewable energy in a “yuuuge” way. As in 350,000 solar panels on 1,400 acres at a solar facility in North Carolina. (Read more here.)
This will allow Fifth Third to reach 100% renewable power, as part of RE100.
Companies in the commercial and industrial sector account for approximately two thirds of the world’s end-of-use of electricity. Switching this demand to renewables is transforming the global energy market and accelerating the transition to a clean economy.
I hope more companies get on board, and fast, as the glaciers melt and hurricanes, “100 year floods”, droughts and extreme temperatures increase across this globe we all share.
Solar isn’t just for corporations either. We have 23 panels on the roof of our house. Here’s how much juice we grabbed for free last month:
That’s roughly half of our electric usage. We installed the panels in September of 2017… we should reach full payback seven to ten years from now. We got an Ohio “green” loan with an interest rate of 1.35%. There’s a 30% tax credit on the cost of solar installation projects, too. (Hurry, it starts phasing out at the end of this year… thanks Agent Orange!)
few presidential administrations have been as antagonistic to clean energy as the Trump White HouseSource: this Wired article – https://www.wired.com/story/a-tax-credit-fueled-the-solar-energy-boom-now-its-in-limbo/
There are a lot of empty spots across this country, where silver solar panels can co-exist with amber waves of grain under spacious skies. Let’s boost renewable energy projects, before we all get burned.