What Are Solar Incentives?

by

03 December 2018

Energy

Solar Incentives

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:

Solar Energy

PREVIOUS POST

What You Should Know about Solar Energy for Schools Benefits
solar-panels-943999_1920

NEXT POST

The Essential Factors You Need to Consider when Installing Solar Panels
author-img

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

Leave a Reply

Your email address will not be published. Required fields are marked *

Popular

Creating A Startup Idea

Technologies For Creating A Startup Idea

20 Feb 2023

How to Download Facebook Videos

How to Download Facebook Videos on Android?

07 Feb 2019

Ecommerce Web Design

7 Rules of Effective Ecommerce Web Design

28 Jan 2021

wordpress-1863504_960_720 edited

The 10 WordPress Plugins Every Sucessful Blogger Uses

28 Jan 2017

Follow Us

Recent

One Day In Barcelona

One Perfect Day In Barcelona: A Deep Dive Through The Heart Of Catalonia

29 Apr 2025

Support Services in Family

Building Resilience and Independence: The Role of Support Services in Family Well-Being

23 Apr 2025

Home Swapping

The Art Of Home Swapping: Creating Unique Travel Experiences

19 Apr 2025

Sustainable Weight Loss

Sustainable Weight Loss: Your Guide to Long-Term Results

18 Apr 2025

Related

portable solar system
Energy

Advantages of Using a Portable Solar Generator

Power, is an important aspect of our daily lives, considering a large number of power-consuming appliances and gadgets we have in our homes. Power can be expensive, if not well managed and sometimes inaccessible during prolonged periods of power failure. Power outages have become the new normal and this call for preparedness. Generators, in general, are key to this preparedness as they conveniently supply power when needed. There are a number of generators, however, including solar and gasoline-powered generators. They both pack their advantages and disadvantages alike. Generally, they are a countermeasure to situations of power failures by providing a reliably steady supply of power. In operation, gasoline-powered generators may have harsh environmental implications. As a result, more homeowners are switching to solar generators, which are much safer for the family and environment at large. This article is going to focus on the advantages of using a portable solar generator, in particular. But before we get to that, let us first understand what a solar generator actually is and how it works. What is A Portable Solar Generator? A portable solar generator is a unit comprised of three integrated components, including a generator, a frame, and a battery charger. The solar generator is powered by the sun and this solar energy is harnessed by the solar frame. The energy is stored in the battery for later use. This generator provides sufficient power to adequately supply your appliances and gadgets. It is a convenient resort during power failures. However, its use is not limited to periods of power failure alone, it can also be used to juice up your electronics occasionally and cut down on your electricity costs. Installing a portable solar generator in your home is, therefore, a quite smart and cost-efficient strategy. You should, however, ensure that you find a solar generator that matches your home’s power needs. At PoweredPortableSolar.com, you can get furnished with sufficient information to help you reach an informed decision. Information on solar generator types, capacities and prices go a long way towards determining the ideal choice for your home.  The benefits of using a portable solar generator are immense and some of them are listed below: 1. Green Energy : Solar generators are highly preferred over traditional gas generators for their environment-friendly nature. Entirely powered by the sun, they do not produce harmful emissions associated with traditional gasoline-powered generators which liberate fumes and gases that could be poisonous. Gas generator vapors also are a fire risk as they can easily ignite. With solar generators, harsh environmental implications are eliminated and fire risks, as well as other hazardous implications. 2. Renewable Energy : Solar generators are fully powered by the sun. As long as there is sunlight, this energy can be freely harnessed. Unlike other energy sources that can be easily depleted, this one cannot run out. Harnessing solar energy is a guaranteed process as long as the components of the portable solar generator are suitably integrated. The energy is then stored in the battery which can be used later on to power appliances. Even on days with insufficient sunlight, the energy saved in the battery can be used to power your home. 3. Cost- Efficient : As much as installing solar generators could require significant initial costs, it is cost-efficient in the long run. Portable solar generators enable you to meet your power needs with solar energy, a self-sustaining option. This means a considerable drop in your electricity costs. Normally, after initial installation, there are no more ongoing costs that need to be incurred on the portable solar generators. All you have to do is observe the basic maintenance measures, which are not costly. In most cases, they come down to cleaning them on several occasions. 4. Convenience : They offer convenience, especially during prolonged periods of power outages. Power failures are bound to happen time and again. During bad weather especially, power failures could happen a lot and it could be very frustrating. Having a portable solar generator at hand counters this situation. You can keep your appliances supplied with power for a long period of time with no worries. Their portable nature, on the other hand, enables easy moving and storage when not in use. With no moving parts, they suffer less wear and tear and stay in shape longer. Portable solar generators, as an alternative green, and a self-sustaining power source provides immense benefits to homeowners. Ranging from convenience, cost-efficiency, to renewability, portable solar generators are a great addition to your home. Although initial installation costs could be significant, long-term benefits are definitely worth it. Read Also : Everything You Need To Know About Portable Solar Power What Are Renewable Sources And How To Introduce Them Into Your Household?

READ MOREDetails
solar lighting
Energy

The Benefits of Solar Lighting in a Nutshell

What comes to mind when someone says “solar?” Typically we think of the sun, the Earth’s fuel provider. What if I were to tell you that we could dramatically reduce our carbon footprint by using the power of the sun to fuel something as simple as outdoor lighting? It’s true! Over 10 million tons of carbon dioxide are produced annually just from residential outdoor lighting alone--that’s no drop in a bucket! The time to reverse the impact of carbon emissions is now, and believe it or not, one of the best ways to significantly reduce our carbon footprint is by using something a little unconventional: solar lighting. Solar Lighting Benefits: More Than Just Good for the Environment A lot of “green initiative” individuals are huge proponents for solar lighting simply because it’s great for the environment. Solar panels knock loose electronics from their interaction from photons striking silicon wafers, which in turn charge a battery to power a light fixture when the sun drops below the horizon. This awesome interaction (named the photovoltaic effect) uses absolutely zero fossil fuels to power lights. There’s nothing to burn nor any power lines that need to be connected. It’s one of the cleanest energy sources available to us. We like to call solar the “new energy revolution.” Beyond that, solar lighting is a lot cheaper than many people think. The price of a solar panel in the mid-70s was about 76 dollars a watt. Can you guess how much a solar panel price is a today? In 2013, solar panel prices were about 75 cents a watt. So 1 watt of energy produced by a solar cell costs similar to the change you’ll find under your couch cushions. And now that technology is used in solar panels on top of poles to power light fixtures. It’s a fantastic solution for parking lot and street lighting that saves money and reduces the overall carbon footprint. Beyond The Green There’s a lot more in store than you might think with solar lighting. First off, every solar light works independently. There’s no power connection needed, no trenching required, and no costs with using fossil fuels. If the power goes out, so do the lights! That’s not the case with solar lighting. In fact, we’ve seen cases of solar lights holding up during strong hurricane winds to remain on after the storm in contrast to traditional lighting which would need mountains of repair from the high winds ravaging the area. Secondly, several models of solar lighting are actually portable via a forklift or just two people. They’re fantastic for construction projects where permanently-grounded lights won’t bode well. Solar lighting works great in airports for when power goes out and backup systems fail. Or, if you prefer having the portable option just in case, feel free to go that route. The emphasis is that these lights can go virtually anywhere since they don’t need to be tied to an electrical grid. Just be sure that they have access to the sun--even though the best lighting systems are rated to last over a week on a single charge, the panel won’t cull much power if it sits in the shade of a tree permanently. Talk of the Town Solar lighting tends to be a bit of a head-turner. It preserves park beautification and adds a little flair to light fixtures. A lot of media outlets tend to give attention to cities that make green efforts, especially when they’re such a public-facing installation. On top of all the benefits you’ll receive for solar lights, you might get featured in a newspaper or on television for deciding to install solar on your city’s streets. That, in turn, should generate business. Solar is great for publicity. In Conclusion Solar lighting is a lot more than just going green. It’s about recognizing that clean power is the way of the future. It’s about preserving what matters to us and ensuring your business or municipality saves as much as possible while getting the job done. If you’re in the market for a new lighting project, consider solar. The savings are there. But don’t take our word for it; do the research yourself and you’ll find it’s the best option to light up the night. Thanks for reading. Read Also: A List Of The Essential Factors You Need To Consider When Installing Solar Panels In Your Home 10 Steps To Take To Set Up Solar Panels At Home How To Start Living Off The Grid

READ MOREDetails
Solar Power
Energy

Everything You Need to Know About Portable Solar Power

Portable solar power generators turn energy from the sun into electricity. With new technologies for making solar panels, it has become more affordable than ever to own a solar power generator. You can find both huge and small portable models that can be used to power equipment with different power requirements. Because of the portability, you can carry the solar power generator anywhere, which makes it ideal for people who go camping. How portable solar power generators work : To use a portable solar power generator, you have to ensure it is charged fully. Solar panels need sunlight to gain energy, so in order for a solar power generator to gain energy, you have to place it in the sunlight. The solar power generator comes with a panel that acts as a collection point of the energy coming from the sun. This energy is then stored in a battery for later use. The bigger the battery the more the energy the generator can store, so while buying one you should consider the amount of power you need to run appliances and equipment. When completely charged, the solar power generator can help you to run appliances in your home for many hours continuously. How are portable solar power generators different? Probably you are asking how portable solar power generators are different from regular models. The first difference is in the portability, which means you can carry a portable solar power generator around with ease. This is the reason it’s recommended to consider having one if you love camping because it could be used to provide lighting especially at night, and you could also charge your appliances while out there. You can also use the generators for outdoor events especially in places where you will not find electrical outlets. However, you need to note that some portable power generators offer a lower wattage compared to backup generators, which means you cannot use them to run heavy appliances and machines. These generators are suitable for charging devices including your laptop, smartphones, small appliances, and providing power to light bulbs. PoweredPortableSolar.com offers some of the benefits of portable solar power generators that you should consider when getting one. Benefits of portable solar power generators : A portable solar power generator comes with some benefits. Here are the most important you need to note: Cost Efficiency : Unlike electricity and other sources of power that you pay a subscription to use, a solar power generator only needs the sun to provide the energy you need to run your appliances. The only cost you will incur is the initial investment. Reliability : These generators collect energy from the sun and this helps them to provide a consistent supply of power. During power outages, you can use a portable solar power generator to run your appliances at no additional cost. Eco-friendly : You also protect the environment by choosing portable solar power generators. No harmful fumes are emitted and the setup is quiet, which makes the generators safe for the environment. There are many benefits you can draw from a portable solar power generator. The generator can allow you to power your appliances without incurring the extra cost that comes with paying for electricity, and it is eco-friendly as you don’t use any fuel. You only need to place the solar panels outside to draw energy from sunlight. Read Also : How To Start Living Off The Grid What Are Renewable Sources And How To Introduce Them Into Your Household?

READ MOREDetails