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.

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Small Business, Big Sustainability: Navigating The Future Of Energy And Water Management

Small businesses have always faced challenges when it comes to managing their energy and water consumption. However, with the increasing pressure to reduce our carbon footprint and the rising costs of utilities, it has become more important than ever for small businesses to take control of their energy and water usage. In this article, we will discuss the future of energy and water management for small businesses and what steps can be taken to reduce costs and become more sustainable. Measure your usage The first step in effective energy and water management for small businesses is to measure usage. This is done by installing smart meters, which provide real-time data on energy and water consumption. A half hourly meter will automatically split your energy consumption, with no manual reading required. This data can be used to identify patterns and trends in usage, which can help small businesses make informed decisions about how to reduce their consumption. Smart technology The future of energy and water management for small businesses lies in the use of smart technology. Smart technology, such as IoT (Internet of Things) devices, can be used to automate and optimize energy and water usage. For example, smart thermostats can adjust temperature settings based on occupancy patterns, and smart lighting can adjust brightness levels based on natural light levels. These devices can be controlled remotely, which means small business owners can monitor and adjust usage even when they are not on-site. Related: Best Paying Jobs In Energy Renewable energy Renewable energy sources will also play a key role in the future of energy and water management for small businesses. Small businesses can install solar panels, wind turbines, or hydroelectric generators to generate their own energy. These systems can be connected to the grid, which means any excess energy generated can be sold back to the utility company. Renewable energy sources are becoming more affordable and accessible, which means small businesses can now invest in them without breaking the bank. Water management Water management is another important aspect of energy and water management for small businesses. Small businesses can install low-flow fixtures and toilets, which can reduce water consumption by up to 30%. Water-efficient appliances, such as dishwashers as well as washing machines, can also be used to reduce water usage. Small businesses can also install rainwater harvesting systems, which collect rainwater from rooftops and store it for later use. This water can be used for irrigation, flushing toilets, or even drinking if properly treated. Water recycling systems In addition to these measures, small businesses can also implement water recycling systems. Greywater, which is wastewater from sinks, washing machines, and showers, can be reused as well as treated for non-potable uses, including irrigation or flushing toilets. Blackwater, which is wastewater from toilets, can also be treated and reused, although this requires more advanced treatment systems. Government incentives Small businesses can also take advantage of government incentives and programs to reduce their energy and water usage. For example, there are tax credits available for businesses that install renewable energy systems or energy-efficient appliances. Some utility companies also offer rebates for businesses that implement energy and water-saving measures. The future of energy and water management for small businesses lies in the use of smart technology, renewable energy sources, and water-saving measures. Small businesses can use smart technology to measure and optimize their energy and water usage, while renewable energy sources can be used to generate clean, affordable energy. Water-saving measures can also be implemented to reduce water usage and promote sustainability. With government incentives and programs available, small businesses can take advantage of these opportunities to reduce costs, improve their bottom line and become more sustainable. By taking action today, small businesses can ensure a brighter, more sustainable future for themselves and for generations to come. Read Also: Is Energy A Good Career Path? – A Detailed Guide Unleash The Benefits Of Choosing The Right Water Provider 8 Things To Consider When Purchasing A Water Tank Online

10 Steps To Take To Set Up Solar Panels At Home

Solar panel has become increasingly popular in the past few years. This is partly driven by how environmentally friendly it is, although many people have noted how economical it can be too. Despite being a smart decision for lowering energy bills, potential users can be put off by its installation costs. This shouldn't be an issue, as installing solar panels at home can be much easier than people might expect. As long as you have some DIY electrical knowledge, then you should be able to install the panels yourself. As Gem Energy Brisbane Solar Power notes, there are a number of steps that you'll need to take when installing a solar panel at home. Steps To Take To Set Up Solar Panels At Home 1. Calculate Your Electrical Load: Before you decide on anything, you should calculate your current electrical usage. Once you've done so, you'll then be able to determine which solar panels and other parts you'll need. This is relatively simple to do, and often only requires a bit of math, plus an energy reading from your meter. 2. Battery Selection: Which battery you choose can be vital for your solar power. Naturally, the panels only generate electricity during the day, so you'll need to store some for the night. To do so, you should choose a high-quality one that provides a consistent amount of electricity over time. This will make it reliable when you're running several appliances during the evening. 3. Select Your Solar Panels: There are a considerable number of solar panels to choose from, which can be overwhelming. When you're deciding on one, you should look at its energy rating. This is typically determined based on set conditions, with some being more appropriate for certain weather. As a result, you should research how well a model will perform in your area. 4. Know Where To Place It: When you're considering a solar panel, you should determine where the best place on your property to put it is. There can be a few factors at play here, with access to sunlight being the most notable. The obvious place to install the panel is your roof, although you'll need to decide where to place it here. 5. Choose A Charge Controller: This is a device that's placed between your battery and solar panel and regulates the flow of electricity between the two. Choosing the right one can make a large difference, as it dictates how effectively your battery will charge. This means that you should spend a considerable amount of time picking one. 6. Pick The Right Inverter: Solar panels typically turn sunlight into alternating current (AC). However, most appliances function on direct current (DC). As such, you'll need to purchase an inverter, which switches from one to the other. There are a few types of inverters to choose from, each with its benefits. As such, you should spend time researching each. 7. Mount The Solar Panel: Once you have the equipment, it's now time to mount the solar panel. You can either create your own mounting mechanism or purchase a premade one. If you're not overly familiar with the process, then it's recommended that you buy a kit. When creating your own, be aware of the angle that you're mounting it at, as this will affect how much sunlight it receives. 8. Inverter & Battery Stand: Similar to the solar panel itself, you may need to build a stand to hold your battery and inverter. However, this isn't a complicated task, as you'll be able to make do with a box that includes a hole for the wiring. Once everything has been wired, it's important to note that you should cover this hole as much as possible to keep everything from being damaged. You should also ensure that it's kept away from running water. 9. Start Wiring: The wiring may be the most overwhelming part of the process, although it can be more straightforward than you think. Put simply, the connection should go from the solar panel to your charge converter to your load, i.e., your appliances. Alongside this, the charge controller should be connected to your battery, which should also be connected to your load. 10. Start Enjoying Your Solar Panel: Once you've connected everything in the appropriate manner, you can start enjoying your solar power. While setting everything up, you should ensure that you've done so in the right way. The wiring is the most important area here, so you should take care of it. Read Also: What You Should Know About Solar Energy For Schools: Benefits, Expectations, And More

Prepare Your Solar Panels for the Fall

Summer is done, and you can already see it by the drop in temperatures and the duration of the day. With shorter days also comes the reduced amount of sunlight during a 24 hour period, which worries some solar panel owners. Some people aren’t sure how effective their solar panels will be during the colder period of the year. However, as experts from Action Solar assure us, panels work just fine throughout the year; all you need to do is make sure that you optimize them for the season. Here’s how. Clean Your Panels: No matter how many panels you have, they are exposed to the elements all the time, and naturally, they get dirty. However, solar panels are quite durable and strong, meaning that you don’t need to clean them very often and even when you do, you don’t need to go into too much detail. In fact, if you clean them too often, you might damage them, so it’s better to give them a cursory sweep every month or so and be done with it. Removing debris like leaves and branches are more important than dusting them, as most solar panels only lose about 7% of their effectiveness when dirty, as researchers from the University of California in San Diego found out. Adjust the Tilt: During the summer, the sun falls more directly to the ground, meaning that your solar panels will absorb a lot of the sunlight even without careful positioning. However, as summer transitions into the fall and eventually winter, the sun will shift and the rays will fall in a more tilted angle. So, if you want to use as much of the sunlight as possible, you will need to adjust your panels accordingly. Naturally, you should not do this on your own, but rather invite professionals to do it for you. Not only are they skilled in handling solar panels, but they will be able to calculate the optimal tilt and positioning of your panels. The best solar companies in California recommend realigning your solar panels at least twice a year in order to maximize the productivity of your panel throughout the year and not just in summer. However, if you include the fall and spring adjustment as well, you will be able to actually bring out the maximum from your panels. Deal with the Decreased Output by Saving Energy: During the summer, days are longer and usually sunnier than any other part of the year. That’s great news for your solar panels because they will be able to produce more energy. That being said, you probably spend a lot of electricity just by running your AC all day. In the fall, on the other hand, you don’t need your AC and the days are still relatively long. So, you will be able to produce a lot more energy which you won’t immediately spend. This is the time when you will be able to bring your electricity bill down by a noticeable margin. However, as fall progresses, the days will be shorter, which means that you may need to cut some unnecessary electricity spending if you want your bill to remain low; that is until winter rolls around, and you need to fire up your furnace. The technology behind solar panels is improving every day, and the time when solar panels only used to be productive in the summer are long gone. Read Also: Everything You Need To Know About Portable Solar Power How To Start Living Off The Grid

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.

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Related

Small Business, Big Sustainability: Navigating The Future Of Energy And Water Management

10 Steps To Take To Set Up Solar Panels At Home

Prepare Your Solar Panels for the Fall

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:

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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

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