Dive Brief:
- A portfolio of 31 Wendy’s and McDonald’s locations across northern Illinois has locked in discounts on its energy bills potentially worth over $1 million across 20 years in an agreement with community solar provider Perch Energy, the company said Jan. 23.
- Participating All Star Management restaurants are receiving a 10% discount on their electricity bills over the projects’ 20-year lifespans, Perch Energy President and CEO Bruce Stewart said in an email. The restaurants expect to save more than $20,000 in electricity costs per year based on the franchise’s 2024 energy use.
- “It was an easy decision. A lot of our restaurants are open early and close late. And some are open 24 hours a day, so we use a lot of electricity,” All Star Management Owner Mike Allegro said in a statement.
Dive Insight:
Community solar purchases allow businesses to reduce the greenhouse gas emissions of their electricity use without installing on-site solar. In June, the Wendy’s Co. — which operates corporate-owned Wendy’s restaurants and licenses franchise locations to owner-operators like All Star Management — announced that nearly 100 of its corporate-owned restaurants and 40 franchise locations in New York, Massachusetts and Illinois had enrolled in community solar provider Ampion Renewable Energy’s solar-powered clean energy offering.
All Star Management’s first round of subscriptions, announced Jan. 23, will purchase energy from two community solar projects with nearly 8 megawatts of combined capacity to supply its locations in Chicago’s western and southern suburbs. The deal could produce about “half a million dollars of savings” for All Star Management, Perch Energy said. Expected future capacity additions could allow All Star to double its savings to an estimated $1 million over 20 years, Perch and All Star Management said.
Perch Energy has more than 36,000 active subscriptions in the United States drawing power from nearly 200 community solar projects in the Northeast, Mid-Atlantic and Midwest, Stewart said.
All Star Management connected with Perch Energy through Solar on Earth, a community solar customer acquisition provider that works with Perch in six states, the companies said.
Illinois Shines, a clean energy program administered by the Illinois Power Agency, approved the community solar projects involved in this agreement. Individuals, businesses, nonprofits and institutions can participate in Illinois Shines-approved community solar programs, the agency says.