What Are Solar Incentives?

03 December 2018

In a bid to put an end to global warming, more and more technological inventions are tilting towards promoting the sustenance of the environment; which is practically the main reason why the solar panels are invented as a means of producing electricity in the first place. To get more people on board to subscribe to this new means of producing power, measures were put in place; in which one of them is to allow the owners of the solar panels to enjoy certain privileges, which are loosely called Solar Incentives.

So you ask, What Are Solar Incentives? This is a measure put in place to ensure that owners of the solar panels enjoy certain benefits, just by installing and using the product. These solar incentives have led more people to subscribe to the idea of installing and using the panels for their homes and business; because not only is it profitable to the environments, it is also profitable to their finances in the long run.

The following are some of the Solar Incentives there is:

1. Solar Investment Tax Credits:

Of all solar incentives available, this is the one that is commonly known. In this case, Solar owners benefit by having the privilege, as made possible by the federal government, to take out a portion of the cost of the solar panels from their taxes. What that means is that the cost of the system is being subsidized by a certain percent, from your taxes. The common investment tax credit percent is 30% of the cost of the solar panel system. Enticing isn’t it? So, if the solar panel system costs $10,000, you are only paying 70% of that amount, with the remaining 30% already footed for from your taxes.

The only twist to this is that to be able to claim the investment tax credit, your taxable income should be higher or equivalent to the investment tax credit.

2. State Tax Credit:

This is basically similar to the federal investment tax credit, only that this time, a small portion of the cost of the solar panel system can be deducted from your state tax bill, relieving you of some costs that would have been invested in purchasing of the solar panel system. The only twist to this is, unlike the federal tax credit, this is not applicable to all states; only residents of some states are privileged to enjoy this package.

For those that could enjoy this package, they could end of saving about 50% of the cost of the solar panel, making it easier for them to purchase the solar panel system and enjoy its benefits.

3. Solar Renewable Energy Certificates (SREC):

The New Jersey’s Solar Renewable Energy Certificates (SREC) program have made it possible for residents in new jersey that have acquired and installed the solar panel system to enjoy a special kind of solar incentives called certificates – though this is not exclusive to new jersey alone.

You may be asking, what are Solar Renewable Energy Certificates?

These are a type of solar incentive that allows owners of a solar system to sell the certificates to their utility. By standard, if you can generate 1000 kilowatts hours (kWhs) from your solar system, you are eligible to get one SREC; and an SREC is worth at least $300. Now imagine how much that figure can rise up to if you can make 6000 kilowatts hours. Let me just leave you to do the mathematics yourself.

If you were once unsure about purchasing a solar panel, this should make you change your mind.

4. Net Metering:

It is common knowledge that some owners of the solar panel system produce more than they can consume, in which they decide to store the overflow in an On-site battery. What if I tell you that instead of storing that in an on-site battery, you can sell to your local utility company and get returns which can be used to foot other bills. Amazing deal, isn’t it? I can bet you think it is.

That’s basically what Net Metering is all about.

So in days, you create more electricity beyond what you can consume with your solar panel system, instead of hoarding it in your battery, you are given another opportunity to get returns for it. Think about the future energy bills and other bills you can foot by selling excess power produced by your system.

5. Cash rebates:

These are basically cash backs for the owners of the solar panel systems. It could come from different parastatals – like the government, utility company etc. – that are concerned about promoting the use of solar energy. This could also help subsidize the cost of the solar system.

With the aforementioned solar incentives available, the idea of investing in the purchase and installation of a solar panel system is becoming more appealing. What are Solar Incentives? I hope this article has done justice to answering that question.

Read Also:

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Safeguard Your Loved Ones Against the Dangers of Radon Gas

Radon Gas is one extremely harmful elements present in our environment that cannot be seen, is odorless and also tasteless. It is the end result of decaying uranium in the ground that ultimately takes the shape of gas and gets emitted into the air above the ground. Essentially, radon is harmless when it remains outdoors, but after seeping inside any construction it leaves a long-term negative impact. If the required preventive measures aren't taken, the gas gets accumulated at a dangerously high concentration. This radiation is actually the number one cause of lung cancer in the United States for nonsmokers. And overall, it ranks being the number 2 cause of lung cancer in Canada and the US. Therefore, you must protect your family and your loved ones against the terror of this deadly and unseen menace. Radon Testing Testing for radon, including both the DIY and professional support ways, is a pretty easy and straightforward process. 1. DIY Radon Gas Test Kits : The DIY radon gas kits used for short-term testing are charcoal-based where a canister collects the particles of radon present in the air of a particular environment. The exposure period usually ranges from 48 hours to 72 hours. While the kit does its job, you are supposed to follow a few important steps. While testing, make sure to keep all the doors and windows closed for as long as possible. This will allow the apparatus to get the most precise readings. In the end, the entire kit is sealed, a few forms are to be filled and then the user has to courier the complete package back to the (authentic) testing laboratory where the results will be compiled. All the accumulated radon particles will be tested by the experts and a detailed report will be prepared to be sent to the user. DIY Test Kits - Why Should You Buy? These kits are easily available online as well as offline stores. They are very much affordable and a user can test the concentrations himself. Such kits are ideal when you are doubtful about the situation but don't really want to invest a fortune into professional services. Exposure time is also manageable and at the end, you get expert suggestions about the circumstances. There's optimal accuracy maintained and that's what you may even long for! You must also know that if you get precise results only then it will benefit the whole situation. Results that are achieved at the end form the basis for preventive measures that you might have to apply in case of higher concentrations. However, in case the levels appear safe and under the accepted levels, there's nothing else you will have to worry about. Electronic Radon Gas Detectors : These are electronic radon monitors that keep a check on the radon levels in your house. Such detectors are power or battery operated. The results are readily available, without wasting any time you can take the preventive measures and results too can be achieved on the spot. The hassle to courier a package and wait for the results gets avoided as the electric radon gas detector brings out precise readings right after the exposure time ends. Click here to know more about electronic radon monitors Electric Radon Gas Detection Monitors - Why Should You Buy? These devices administer only professional and advanced technology to help you keep the dangerous radon gas away. A radon detector can be useful in both home constructions as well as commercial properties. So, once you have the accurate results, you can take corrective steps to disperse the gas out of your property. On the basis of the readings you get, a radon mitigation plan is to be laid out for your home. And it is only in this manner that you become both an informed citizen of the nation along with being a responsible member of your family as well as the society. You will be able to take the next steps i.e. how to make your home radon-free! Radon Mitigation System When the test results report of any unsafe levels of radon gas inside your home, you will have to address the problem. In fact, address the problem as soon as possible. Contact a specialist or do it yourself if you are confident enough to be able to fix all the loopholes. However, an expert can actually help you in installing the right type of radon mitigation systems. A radon reduction system that cannot perform aptly is of no use. So, depending upon the kind of construction your home has, a multiple numbers of options will easily be made available by the professionals. The most prevalent option is the sub-slab depressurization along with sub-membrane depressurization. It is ideal for homes, basements as well as crawlspaces. 1.Sub Slab Depressurization Method : This method involves the drilling of a hole into the floor of your home's foundation and scooping underneath a slight cavity. A pump is then connected to this drilled out hole to vacuum radon gas before it can even break out and start causing harm to the members in the house. Even the other organic contaminants are pulled out from below to vent out the dangers present in your house. 2. Sub Membrane Depressurization Method : This method is actually similar to the method mentioned above. However, the only difference lies is in the membrane that is installed above the ground as opposed to a cavity being created in the other method. In fact, the membrane is fitted right above the floor of the crawlspace, so the radon gas can easily be trapped and be vented out of the house. The gas is extracted out in a similar manner as above; there just isn't a slab but a membrane. One can consider any of the mentioned ways to get rid of radon gas from your home. But you'll have to ensure that radon must be released at a place where it will not cause any further damage to the people or animals. Radon mitigation isn't a one for all kind of treatment. And every house needs its own tailor-made preventive measures. It may or may not be the job for a DIYer. From targeting the entry points of the radon gas to sealing all those spots, it is a pretty important process. One must have the needed skills, the absolute presence of mind and knowledge to ensure the safety of all the members in the family. If you aren't sure how to go about, contact any professional radon inspector. But, if you are knowledgeable enough to restrict the flow of gas in your property, then go ahead and save your loved ones. Read More : First Home Renovation Ideas And Tips What Are Renewable Sources And How To Introduce Them Into Your Household? Additional Ways To Keep Your Home Warm Image Source: http://cancercarenews.ca/

What Size Heat Pump Should I Buy for a Swimming Pool?

A swimming pool is a great addition to any home, providing a place to relax and exercise in the comfort of your own backyard. However, keeping a pool at the desired temperature can be expensive, especially in areas with extreme temperatures. This is where a heat pump for a swimming pool can be a great solution. A heat pump for a swimming pool works by transferring heat from the air to the water, thereby heating the pool without the need for traditional heating methods such as gas or electric heaters. The Size of the Heat Pump When it comes to choosing a heat pump for a swimming pool, the most important factor to consider is the size of the unit. The size of the heat pump will determine its effectiveness in heating your pool, as well as its energy efficiency and overall cost. Desired Temperature To determine the size of the heat pump you need, you will need to consider several factors, including the size of your pool, the desired temperature, and the climate in your area. The general rule of thumb is to choose a heat pump that is capable of heating the pool to the desired temperature in one hour. This means that if you have a 20,000-gallon pool and want to heat it from 60°F to 80°F in one hour, you will need a heat pump with a heating capacity of 20,000 BTUs per hour. Climate The climate in your area also plays a significant role in choosing the right heat pump. In areas with mild climates, a smaller heat pump may be sufficient, as it will not have to work as hard to maintain the desired temperature. However, in areas with extreme temperatures, a larger heat pump may be necessary to effectively heat the pool. Additionally, the type of pool cover you use can also affect the size of the heat pump you need, as a cover helps to retain heat and reduce heat loss. Energy Efficiency Another factor to consider is the energy efficiency of the heat pump. A more energy-efficient heat pump will use less electricity and cost less to operate. Look for heat pumps with high Seasonal Energy Efficiency Ratings (SEER) and Energy Efficiency Ratings (EER) to determine their efficiency. Cost In addition to choosing the right size and energy efficiency, it is important to consider the cost of the heat pump and installation. While larger heat pumps may have a higher initial cost, they may be more cost-effective in the long run due to their energy efficiency and ability to heat the pool more effectively. On the other hand, smaller heat pumps may be more affordable upfront, but may not be as effective in heating the pool and may result in higher energy bills. When it comes to installing a heat pump for a swimming pool, it is important to work with a professional. A professional can ensure that the heat pump is properly installed and maintained, and can also advise on the best type and size of heat pump for your pool and climate. In conclusion, choosing the right size heat pump for a swimming pool is essential for effective heating and energy efficiency. Consider the size of your pool, desired temperature, climate, energy efficiency, and cost when selecting a heat pump. Additionally, work with a professional to ensure proper installation and maintenance. With the right heat pump, you can enjoy a warm and comfortable swimming pool without the high costs associated with traditional heating methods. Additional: The Many Uses of Industrial Vacuum Ovens Risks of Imbalanced Swimming Pool Chemistry Car Wont Start After Getting Gas – How To Fix This Problem? Swimming Pool Cleaning and Maintenance: Cheap Online Pool Supplies

Ready Rooftops – How to Install Solar Panels

Solar power has risen in popularity rapidly all over Australia since the sudden decrease in costs at the beginning of the turn of the century and the advances in solar technology which have made commercial solar power much more accessible and affordable for all. With the continuing rise in the use of solar power, more and more home and business owners are moving to this renewable energy source and enjoying the benefits of green power. If you are deciding whether or not to make the switch to solar power, there are some things you need to consider before you go solar. Understanding the installation process is important to ensure that you install your solar panels for optimum efficiency. Most homeowners and business owners can install panels right away but there are a few things to be aware of so that your panel installation is a success and you can enjoy the benefits of solar power for many years to come. Let’s take a closer look at a few things that individuals and businesses should keep in mind before and during the installation of a new solar panel system. Determine How Much Power Will Be Produced: Before you install solar panels on your property, it’s important to take some time to do the necessary calculations in relation to the property you want to install your solar panels on to find out how much your solar system will produce. It doesn’t take long to do the calculations and once you have the results, you can determine how much power you can expect from your solar installation. Most solar installation companies can do an evaluation of your property before you install your panels to ensure it’s a suitable match for solar energy. Evaluate Your Roof: Evaluating your roof to see that it is appropriate to generate solar power is critical before you install your panels. This is usually done by the company before any contract is signed to ensure that the user will be able to make the most of the solar energy collected. However, it is not a bad idea to consider assessing your roof and position beforehand yourself too. If a roof is very shaded or the property is hidden from direct sunlight by another building or foliage, it may be necessary to reconsider your decision to go solar or come up with a different approach. For example, it’s possible to build solar installations on lawns which can equally benefit your property. Decide How Many Panels You Will Need: Prior to your installation, you should find out how many solar panels you will need, in terms of the size and scale of the solar installation and the number of photovoltaic cells. In order to find out this information, you should analyse your property and the energy capacity it currently works off. By carrying out an energy audit, you should be able to say with certainty how much power you need to use to fuel your home or business and therefore be able to decide on the measurements for your installation without any problems. Structurally Sound: If you have decided that installing a solar panel system on your roof is the right move, you will have to make sure that your roof is structurally sound and can take the weight and physical attachment of the system. Solar panel installations can last up to 30 years without any need to remove them so it is best to know that your roof will not need to be refurbished a few years down the road. Install Your Solar Panels And Enjoy A Greener Future: Once you have evaluated your home to ensure that the property is a good candidate for a solar installation, you will need to call your installation company. They will give the property one final look-over before and give you the green light before you complete the necessary paperwork. After the contract has been signed, you will be able to go ahead and prepare the orders for photovoltaic or thermal cells and the right inverter for your electric wiring. As soon as everything is set in place, you can set a date for the installation of your solar panels. Your installation company will do the rest of the work for you, install the panels and connect you to the national electricity grid so that you can take advantage of any excess energy that is produced through your system. With your solar panels installed, you can enjoy all of the benefits of solar power and look forward to a greener future. Read Also: Prepare Your Solar Panels For The Fall How To Start Living Off The Grid Feature Image: modernize.com

What Are Solar Incentives?

1. Solar Investment Tax Credits:

2. State Tax Credit:

3. Solar Renewable Energy Certificates (SREC):

4. Net Metering:

5. Cash rebates:

What You Should Know about Solar Energy for Schools Benefits

The Essential Factors You Need to Consider when Installing Solar Panels

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Technologies For Creating A Startup Idea

How to Download Facebook Videos on Android?

7 Rules of Effective Ecommerce Web Design

The 10 WordPress Plugins Every Sucessful Blogger Uses

Follow Us

Recent

How to Choose a Gift That Matches Their Personality Perfectly

Discover the Best Carrier Oils for Hair & Skin

How Modern Technology is Transforming Dental Care Solutions

What to Expect from Upcoming IPOs in the Next Quarter

Related

Safeguard Your Loved Ones Against the Dangers of Radon Gas

What Size Heat Pump Should I Buy for a Swimming Pool?

Ready Rooftops – How to Install Solar Panels

What Are Solar Incentives?

1. Solar Investment Tax Credits:

2. State Tax Credit:

3. Solar Renewable Energy Certificates (SREC):

4. Net Metering:

5. Cash rebates:

Share this Article

What You Should Know about Solar Energy for Schools Benefits

The Essential Factors You Need to Consider when Installing Solar Panels

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related