2018 Solar Means Business ReportsolarmeansbusinessJuly 2019solarmeasnbusinessSolar Means BusinesTracking Solar Adoption by Americas Top Brands2018 Solar Means Business ReportsolarmeansbusinessTable of ContentsAbout SEIAMethodologyKey FindingsAmericas Top Corporate Solar UsersCorporate Solar Coast to CoastTrends in Corporate Solar ProcurementAcknowledgments2018 Solar Means Business ReportsolarmeansbusinessAbout SEIAThe Solar Energy Industries Association (SEIA®) is the driving force behind solar energy and is building a strong solar industry to power Americathrough advocacy and education. As the national trade asociation for the U.S. solar energy industry, which employs more than 242,00 Americans, we represent al organizations that promote, manufacture, instal and suport the developent of solar energy. SEIA works with its 1,00 member companiesto build jobs and diversity, champion the use of cost-competitive solar in America, remove market bariers and educate the public on the benefits of solarenergy.Our WorkIndustry LeadershipCommunicationsEvents & EducationMarket ResearchGovernment Affairs2018 Solar Means Business ReportsolarmeansbusinessAbout this ReportSolar Means Busines tracks U.S. solar photovoltaic (PV) installations that suport comercial activities at U.S. facilities.The report focuses on Americas largest companies, but includes available data for companies of al sizesSystems can be located on-site and provide electricity to the facility directly, or of-site and ofset electricity costs for a company through virtual net metering or similar financial relationshipBoth company-owned and third party-owned (PA or lease) systems are includedReport covers comercial systems installed by the end of 2018This is the7th anual edition of this report. You can find previous versions at seia/solar-means-business-reportThis report does not capture data on every comercial solar instalation in the U.S., but every atempt has ben made to ensure that the solar portfolios of Americas largest corporate users are acurately represented.Rankings and analysis are based on system-level data for over 35,00 commercial solar PV systemsData in this report captures nearly 70% of al U.S. comercial solar capacity through the end of 2018Previous versions of this report only tracked on-site instalations. For the first time, this edition tracks of-site projectsas wel, capturing a growing trend in comercial solar procurement.Data comes from a variety of sources:Directly from the system owners or hostsFrom instalers, with permision of system owners or hostsFrom publicly available data sources such as state regulatory bodies, pres reports and research reportsAll data in this report can be cited to SEIA Solar Means Busines 2018, unles otherwise noted.2018 Solar Means Business ReportsolarmeansbusinessKey FindingsAccounting for both on-site and of-site projects, Apple is the top U.S. corporate solar user with 393 megawats (MW) instaled, after ading 130 MW in 2018.Amazon moves into the second spot with 30 MW instaled, an increase of 36 MW from 2017.Target rounds out the top three with 242 MW instaled, while retaining the top spot for on-site instalations at 230 MW.2018 ranks as the second-largest year for comercial solar instalations, with 1,14 MW installed.More than half of all corporate solar capacity has been installed in the last thre years.With more than 7 gigawats (GW) instaled acros 35,00 instalations, corporate solar deployment is 23 times larger today than it was a decade ago.2018 Solar Means Business ReportsolarmeansbusinessKey FindingsThe systems tracked in this report generate 10.7 million megawat-hours of electricity anualy, enough to power 1.4 milion homes.The solar generation from these systems ofsets 7.5 milion metric tons of CO2 every year, equivalent to taking 1.6 ilion cars of the road.Growth in corporate solar demand has been led primarily by declining prices, which have fallen by 63% over the last decade.Off-site corporate procurement is growing rapidly. The 1.6 GW of of-site systems instaled since 2014 represent nearly a third of al instaled coercial capacity over that time period.Nearly 4 GW of new of-site corporate projects have ben procuredover the last 18 months.The future is bright for commercial solar:Reductions in module tarifs will remove a major distortion in hardware costs.Continued rapid growth in corporate of-site and comunity solar is expected.Price declines for solar + storage wil open market opportunities for more companies.Demand wil be led by continued corporate comitments for 10% renewable energy.Top 10 Corporate Solar Users1 Apple 393.2 MW2 Amazon 249.8 MW3 Target 229.7 MW4 Walmart 208.9 MW5 Switch 179.0 MW6 Google 142.9 MW7 Prologis 126.3 MW8 Kaiser Permanente120.3 MW9 Solvay 81.4 MW10Fifth Third Bank 80.0 MW2018 Solar Means Business ReportsolarmeansbusinessAmericas Top Corporate Solar UsersBusinesses who are leading the way on solar adoption2018 Solar Means Business Reportsolarmeansbusiness0 50 100 150 200 250 300 350 400AppleAmazonTargetWalmartSwitchGoogleKaiser PermanentePrologisSolvayFifth Third BankBrokfield Properties Retail Inc.IKEAMacysKohlsCostco WholesaleCorningStarbucksPaypalHome DepotHartz MountainLockhed MartinDigital RealtyALDIBed Bath and BeyondIntelInstalled Solar Capacity (Megawats)UnknownPre 2010201020112012201320142015201620172018 Counting both on-site and of-site capacity, Aple takes the top spot with 393 megawats (MW) of solar instaled, marking the first year a company in the tech space sits atop the leaderboard. With its mixture of instalations on Fulfilment Centers and several large of-site projects in Virginia, Amazon takes second place. Former champions Target and Walmart continue to increase their solar investments and remain in the top 5, folowed by data center builder Switch with 179 MW of of-site solar in Nevada. 15 of the top 25 corporate solar users are part of the Fortune 50 rankings, along with 30 of the top 50Top 25 Corporate Users by Total Instaled Solar Capacity2018 Solar Means Business ReportsolarmeansbusinessTop 25 Corporate Users by Instaled On-site Solar CapacityLooking only at on-site solar instalations, Target claims the top spot for the third year in a row, extending their lead by more than 20 MW.Walmart has ranked first or second for on-site instalations every year since this report debuted in 2012.Prologis continued to add solar to their properties in 2018 while felow Real Estate firm Brokfield acquired GGP Inc. to further expand its solar portfolio.0 50 100 150 200 250TargetWalmartPrologisAppleAmazonBrokfield Properties Retail Inc.IKEAMacysKohlsCostco WholesaleHartz MountainKaiser PermanenteALDIBed Bath and BeyondIntelFedExHome DepotJohnson & JohnsonToyotaStaplesCampbel Soup Co.LOrealWalgrensMcGraw-Hil CompaniesGeneral MotorsInstalled Solar Capacity (Megawats)UnknownPre 20102010201120122013201420152016201720182018 Solar Means Business ReportsolarmeansbusinessTop 25 Corporate Users by Number of Solar InstalationsTarget and Walmart continue to pace the field for number of individual solar instalations.Felow retailers Walgrens, Kohls and Macys round out the top 5, making use of their hundreds of roftops nationwide.Most companies on this list utilize id-sized rooftop systems to achieve their solar goals, in contrast to the large ground-mounted systems used by companies at the top of the overal rankings.0 50 100150200250300350400450500TargetWalmartWalgrensKohlsALDIMacysBrokfield Properties Retail Inc.Home DepotPrologisExtra Space StorageIKEAAlbertsonsBed Bath and BeyondHartz MountainStaplesAmazonGeneral MotorsREILackland StorageJohnson & JohnsonStop & ShopFedExSomerset Tire ServiceIntelWhole FodsNumber of Solar InstallationsUnknownPre-2010201020112012201320142015201620172018