Rising inflation is putting a strain on everyone's wallets, including grocery stores. With food prices climbing, grocery stores are facing a double whammy: higher costs for the products they sell and potentially lower customer spending. But there's a bright spot on the horizon: C26's solar power purchase agreements (“PPAs”).
Shielding Your Business from Rising Electricity Costs
A C26 Solar PPA allows grocery stores to lock in predictable electricity rates for 20+ years, effectively shielding them from the price volatility of utility companies. This is a significant advantage during periods of high inflation, as electricity prices are likely to rise alongside other costs.
Here's a real-life example: PG&E, the major electric utility in northern California, has raised their rates ~72% from 2019-2023. This rate increase far outpaces inflation and leaves grocery stores grasping for a way out. PG&E then raised rates a further 12.8% in 2024. With a PPA from C26, you’ll be able to lock in a steady rate increase far below that of traditional utilities! We help businesses save millions over the life of their PPAs.
Beyond Cost Savings: Additional Benefits of Solar PPAs for Grocery Stores
Truly Turnkey: Throughout the PPA term, C26 takes care of everything from installation to maintenance. Grocery stores can have full confidence knowing C26 takes on the responsibilities of the panels.
Reduced Blackout Risk: Power outages can be costly. Many grocery chains operate either gas generators or have an emergency plan with refrigerated semi-trailers for perishables. C26 can install battery backup systems to keep your store running around the clock!
Enhanced Brand Image: Customers are increasingly environmentally conscious, and a switch to solar can boost a grocery store's reputation as a sustainable business. This can translate to customer loyalty and attract new eco-conscious shoppers.
Reduced Reliance on the Grid: Solar panels generate power on-site, decreasing dependence on the traditional grid. This can be particularly beneficial during peak energy hours when electricity prices are highest.
Making the Bright Choice
While the upfront costs associated with solar panel installation might seem daunting, a C26 PPA eliminates this barrier. Under our PPA, C26 pays for both the installation and maintenance of the solar PV system. In return, a grocery store would pay a fixed rate for the electricity generated. This allows grocery stores to reap the benefits of solar without the significant capital investment.
In conclusion, C26 Solar PPAs offer a compelling solution for grocery stores grappling with high energy price inflation. By locking in predictable electricity rates and reducing reliance on the grid, solar can significantly lower operating costs and enhance a brand’s image. As grocery stores navigate the current economic climate, solar power offers a bright path toward a more sustainable and cost-effective future.