Powering our facilities with the sun

More bank facilities are benefitting from energy savings and low-carbon enhancement through our onsite solar installations.

Watch: Time-lapse video of an onsite solar installation at a Pennsylvania Financial Center.

Over the next three years, Bank of America will install solar panels across multiple locations. Our Onsite Solar Initiative is using the sun’s power to bring renewable energy to financial centers, ATMs, office locations and operational buildings, resulting in reduced energy costs and greenhouse gas emissions. The initiative is expected to generate more than 25 megawatts of renewable electricity, which will directly power the bank’s operations in select locations with clean, renewable energy.

“Low-carbon energy programs like this demonstrate how Bank of America is working to meet our goal to use 100 percent renewable electricity by adding new solar sources and energy options to our operational footprint,” says Tom Scrivener, Global Real Estate and Enterprise Initiatives executive at Bank of America. “The Onsite Solar Initiative is a critical component that will directly offset the bank’s energy use and lower energy costs, resulting in an estimated savings of $50 million over 25 years.”

Going solar

To date, a total of six financial centers in California, Florida and Pennsylvania and two office locations, one each in Nevada and North Carolina, are already benefitting from the energy savings and low-carbon enhancement through the bank’s onsite solar installations. This year the bank plans to install solar panels at 15 financial centers and on 10 ATMs. Over the next three years the company is expected to add more than 60 solar installations across its operations.

“Having solar energy onsite to power our facilities is part of our responsible growth strategy and reduces our operational impact on the environment,” said Andrew Plepler, global head of Environmental, Social and Governance at Bank of America. “This work, along with our LEED certifications at our financial centers and other locations, provides not only an innovative experience for our clients, but is key to our role in helping to accelerate the transition to a sustainable, low-carbon economy while supporting the communities where we work and live.”

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