Leading Tech Company Installs Solar at Global Headquarters

Meta Goes Solar

Meta (Facebook) is a technology and social networking company that was founded in Cambridge, Massachusetts in 2004. The company has since grown to become one of the largest companies in the world, and owns many well- known subsidiaries, such as Instagram and WhatsApp.

Meta has a focus on sustainability. The company releases an annual sustainability report to inform the stakeholders about the actions the company has taken to address climate change. Facebook has a goal of reducing its greenhouse gas footprint by 75% and achieving 100% renewable energy in 2020. As part of its sustainability effort, Meta partnered with PowerFlex on a parking canopy system atop a newly constructed parking garage at their global headquarters in Menlo Park, California.

Solar Photovoltaic System Specifications

Meta’s parking canopy is 831 kW in size and produces an estimated 1,307,799 kWh a year. The system is made up of 2,078 indivudal solar modules. The clean energy produced by the system has environmental benefits equivalent to saving 61,146 gallons of gasoline or preserving 513 acres of forests a year.

Significant Financial Returns

Meta will be able to receive the Federal Investment Tax Credit (ITC), which will provide the company with savings on their installation. In addition to the ITC, Meta’s system will yield savings on their utility bills for the next 25+ years. PowerFlex’s expertise in solar system design and financing made going solar a sound investment for Meta.