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TheStreet Open House

Planet Honda Cuts Energy Costs And Pollution With SolarCity

UNION, N.J., Feb. 6, 2014 (GLOBE NEWSWIRE) -- New Jersey's Planet Honda is cutting energy costs and reducing its environmental impact with a solar power system from SolarCity (Nasdaq:SCTY). By using solar electricity, the dealership is expected to save over $70,000 on energy costs over the next 20 years while reducing CO2 emissions by 2.5 million lbs., the equivalent of planting over 28,000 trees.*

The dealership is New Jersey's first Honda Dealer to go solar with SolarCity. American Honda and SolarCity announced a national partnership earlier this year that makes it possible for Honda and Acura customers and dealers in New Jersey and 13 other states to install turnkey solar power with little or no upfront cost and may immediately pay less on their utility bills.

"We're happy to be doing our part to protect the planet, but the bottom line is that we made the move to solar because it is going to save us a lot of money," said Bill Feinstein, Owner of Planet Honda in Union, New Jersey. "With SolarCity, we're reducing our carbon footprint and saving thousands of dollars on energy costs at the same time."

Planet Honda has enrolled in the Honda Environmental Leadership Award Program, which recognizes dealers who significantly reduce their environmental impact by reducing energy and water consumption and participate in recycling programs.

"We've asked our dealers to reduce their environmental impact by participating in our Environmental Leadership Program," said Steve Center, Vice President of the Honda Environmental Business Development Office. "With our SolarCity partnership, we're making it easy and affordable for our dealers to go solar."

SolarCity, which currently employs over 100 New Jerseyans, is the country's number one full-service solar provider. The partnership with Honda also extends to Honda and Acura customers, who can go solar with little or no money down and immediately start paying less on their utility bills.

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