IKEA, the Swedish retailing giant has announced ambitions to be the world's number one retailer of residential solar power systems. Leveraging their massive customer base and global footprint, the company will be rolling out solar programs starting with the three European countries of the UK, Netherlands and Switzerland, before expanding globally.
But the furniture retailer's latest project is somewhat noteworthy: at 290 kilowatts (kW) in size, it's the third largest solar energy system of its kind in Burbank, California. (Costco and Warner Bros. studios are number one and number two.)
IKEA's newest system comprises 1,260 solar panels
After announcing in October 2010 plans power eight of its stores and warehouses throughout California with solar energy, the Swedish furniture and home product retailer IKEA made it known last week that it isn't done yet.
Sweden-based Ikea, the home furnishing company, is poised to do more for better living than cut you a sweet deal on that perfect folding table for your corner office.
If you're at all familiar with our site, you know that installing solar photovoltaic (PV) panels is a serious investment. System costs are offset considerably by a 30-percent federal renewable energy credit -- plus any rebates, credits or other incentives available in your state. Like any investment, solar energy can offer meaningful upside potential. In other words, in the right conditions, solar panels offer a reasonable payback period and a solid return on investment. In the wrong conditions, however, solar may not yet make the most financial sense. (Which doesn't necessarily mean that a project isn't worth doing. There are many legitimate non-financial reasons to get solar.) Part of what we do here at GetSolar is to help commercial and residential consumers figure out if -- and why -- solar energy makes sense for them.