14/08/2026
JPMorgan Chase has found a way to turn a huge amount of ordinary parking space into a source of clean electricity. At its McCoy Center campus in Columbus, Ohio, the bank installed about 40,000 solar panels on elevated canopies covering much of the parking area.
The project is impressive partly because it uses land that was already serving another purpose. Instead of building a solar farm on additional open land, the panels sit above parking spaces, creating a giant solar canopy while keeping the parking area underneath.
The system covers roughly 165,000 square feet of parking and includes panels mounted about 20 to 25 feet above the ground. The parking lot itself can accommodate thousands of vehicles, meaning the same space can provide parking, shade and electricity at the same time.
JPMorgan Chase says the installation generates about 14.8 megawatts of electricity. Combined with solar panels already installed on the building’s rooftop, the system can meet around 75% of the McCoy Center’s electricity needs.
The scale is unusual for a corporate office. JPMorgan Chase has described the Polaris installation as one of the world’s largest commercial office solar projects. The McCoy Center itself is enormous, covering around 2 million square feet and housing thousands of employees.
The idea also highlights a broader opportunity for solar power. Parking lots are already widespread across cities, business campuses, shopping centers, airports and universities. Adding solar canopies allows those existing paved areas to produce electricity without requiring an entirely new piece of land for the panels.
There is another practical benefit: the elevated panels can provide shade over parked vehicles, while the electricity generated above them can help power the buildings nearby.
JPMorgan Chase’s Ohio campus shows how a space designed for parked cars can be transformed into something much more productive. Instead of choosing between parking and solar power, the project effectively combines the two.
Sources: JPMorgan Chase; U.S. commercial solar industry reporting.