Powering our facilities with the sun

Bank of America is installing 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. 

This initiative is in support of our goal to use 100 percent zero carbon electricity by adding new renewables to reduce operational footprint.

Going solar

To date, more than 20 financial centers in Arizona, California, Florida, Illinois, Missouri, North Carolina, Pennsylvania, Texas and Virginia, three ATMs in California, North Carolina and Virginia, and two office locations, one each in Nevada and North Carolina, are already benefitting from the emissions savings from the bank’s onsite solar installations. Through 2023, 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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