Patagonia Funds 1,500 Residential Solar Installations in the US
California-based outdoor clothing company Patagonia is not new to the world of environmentalism. They donate a percentage of their sales to environmental causes, provide transparency regarding their supply chain practices, and redistribute their previously worn gear at a discounted rate. Now, they're assisting in funding residential solar installations.
Patagonia will be partnering with four other businesses, who have not yet been announced, to finance 1,500 installations. Equating up to a $35 million sum, CEO Rose Marcario felt compelled to help consumers go green. She stated, "I hope other companies that are interested in having a positive impact will look at this as a model."
This isn't the first time Patagonia has aided in clean energy implementation. In 2014, they financially assisted 1,000 homes in Hawaii with residential solar systems. They've also provided funding to environmentally-conscious start-ups.
It is unknown how the homes will be selected for funding, but recipients must reside in one of the following states: Arizona, California, Connecticut, Delaware, Maryland, Massachusetts, New Jersey, and New York.
Source: New York Times