CNN recently featured a story about the huge savings solar energy systems can provide to school districts, highlighting SunPower’s efforts. Within the next year, SunPower will install solar panels for schools at more than 90 school facilities in California. Using a variety of low-interest rate solar financing tools, our world-leading, high-efficiency solar systems will immediately begin saving schools money on their electric bills, providing critically needed budget savings for use towards teachers, programs and supplies.
Over the systems’ lifetime, these SunPower solar panel installations will save tens of millions of dollars for school districts across the state. Schools are major beneficiaries of the California Solar Initiative with installed solar power systems expected to deliver more than $1.5 billion in savings to schools statewide.
As SunPower’s Bill Kelly said in the CNN segment “One of the ways they are capitalizing on that is borrowing money at very low interest rates and investing in solar with that borrowed money. Then in turn, they are getting savings from the solar projects which pay back that investment and then some.”
Construction is underway to provide solar energy for schools in districts ranging from Los Angeles Unified School District to San Ramon Valley Unified School District.
Check out our website if you'd like to learn more about SunPower's efforts in the arena of solar energy for schools.