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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What Are Renewable Sources And How To Introduce Your Household

In the face of exhaustion of so many natural resources and ever-increasing pollution some of them cause, the need has arisen for renewable and less aggressive sources of energy. You must have heard of so many alternatives to fossil fuels which, unlike them, can be regenerated or replenished. If you are environmentally conscious or trying to become so, you are probably thinking about introducing some of those alternative resources, at least partially, since any decrease in CO2 emission or electricity usage is helpful to the planet. Numerous tech companies are attempting to introduce these technologies into our everyday lives like https://www.streetlights-solar.com/solar-street-lighting.html. Here is a brief overview of the most popular and most convenient renewable energy sources. The most popular ones are biomass, geothermal, wind, solar and water. They are all very useful and applicable in the industry, however not all of them can be easily introduced in your household, so here some more info about that, too. Solar Energy Systems Photovoltaic (solar) systems have become the most widely spread renewable source of energy in households. Solar modules turn solar energy into electricity. They can be used to provide electricity, heating and hot water. These photovoltaic modules, better known as solar panels, have no movable parts, so they’re quite reliable and don’t require much maintenance. The most common way they are made is a group of photovoltaic cells in order to reach a size and electrical output which makes it viable and usable. They are really practical and suitable to use both in rural and urban areas because they don’t take up too much space, they don’t make any noise and aren’t heavy. Once installed, these devices are completely independent of the electrical grid and can power the devices that are connected to them. There are several types of photovoltaic cells, so always contact solar energy experts for help before you make a decision which ones to install. Solar panels come in different sizes, from 2 to 350 Wp electricity output, but the most widely sold and used sizes are from 160 to 240 Wp. Photovoltaic modules are either stand-alone, usually installed in a frame, free-standing or on a roof, or most often integrated into the building itself. Wind Generators I’m sure you’ve all seen those huge wind turbines beside the road, but did you know you can actually have a wind generator at home? Wind turbines normally use horizontal axis with propeller-like blades, but wind more aerodynamic wind generators and the ones with the vertical axis are also being developed in order to try and overcome the problem of noise in urban usage. They are less efficient than the horizontal axis turbines but offer a compromise which can bring them to the urban households. Household wind generators are normally used to charge the battery bank for stand-alone electricity systems. They are usually installed in distant, semi-rural locations in order to optimize the output potential. Wind generators for domestic use are usually sized from about 300W to as high as 20kW. It is necessary to assess the location’s potential before choosing the size. Combination of wind and solar systems is ideal for the whole year-round, as the photovoltaic panels are the best in the summer, and wind generators are the most efficient in winter. Small Hydro Generators These generators are the least frequent domestic source of renewable energy as they operate by converting the flowing water energy to electricity and locations with sufficient source of the flowing water energy are incredibly difficult to find. Again, just like with the two previous systems, it is necessary to consults the experts assess the potential of hydro system site. Despite the apparent difficulties, more and more people are opting to use some degree of renewable energies in a bid to combat the worst of climate change and global warming. Read More: Grow These Flowering Plants In Your Home Garden To Remove Vastu Related Problems Additional Ways To Keep Your Home Warm Five Efficient Uses Of Propane In Your Home 5 Good Luck Plants That Deserves A Place In Your Home

What Surprising Industry Is Helping Canada Get Greener?

It may be surprising, but the Canadian chemical industry has been working to reduce its environmental impact for decades. Certain companies have invested in products that are designed to make the world a safer, cleaner and greener space. If you want to learn how they have been accomplishing these goals, you should read the explanation below. Many chemical companies in Canada have demonstrated their commitment to reducing environmental harm. According to research from the Chemistry Industry Association of Canada, the country’s chemical industry decreased its greenhouse gas emissions by sixty-seven percent in the early 1990s. The industry continues to execute positive changes to limit any negative environmental impacts by tracking their emissions, upgrading equipment like boilers and heaters, updating their processes, and using new plants and technologies. There is one industry-leading chemical company that has gone beyond that call to action and invested in more efforts that will create a cleaner environment, promote greener products and counteract the effects of climate change. Terms: Meanings: Green Chemistry The field of finding more eco-friendly and safe chemical alternatives to products being used. GHG Greenhouse gas emissions. Emissions of carbon dioxide, methane and nitrous oxide creates a barrier around the world and trap heat inside, making the planet warmer. Clean Energy The energy that does not create greenhouse gas emissions or pollution when used. Sustainability Prioritizing resources that won’t be permanently deleted or damaged. That impressive company is CCC Chemicals, which is one of the largest independent distributors in Canada. They have sourced a range of green chemistry products from innovative suppliers, so that their portfolio is filled with biodegradable solutions, ethylate replacements, vegetable-based raw materials and safer alternatives to hazardous substances. They also source and carry chemical products dedicated to environmental remediation, which means making contaminated sites clean and secure through a laborious process. The company invests in these remediation chemicals and green substitutes in order to help manufacturers and businesses commit to environmental solutions. Canada has shown increasing interest in setting environmental goals and reaching them in the near future. The government signed on to the 2015 Paris Agreement with countries across the world, vowing to reduce the consequences of climate change together — the key points of the agreement included openly publishing greenhouse gas emissions and planning for a future that is carbon neutral. They also began the Greening Government Strategy to encourage the country’s representatives to lead by example and create a space that focuses on clean energy, sustainable products, and low-impact activities. On a smaller scale, average citizens are purchasing more sustainable and green products to use in their daily lives. It’s evident that the entire country is ambitious to establish a healthier environment as soon as possible. While innovative chemical companies are not the only solution leading towards a healthier environment, they are certainly an important factor in helping Canadians reach their objectives. Aspects like green chemistry and environmental remediation will be invaluable tools that the country will need to make their vision of a better future a reality.

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

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

What Are Renewable Sources And How To Introduce Your Household

What Surprising Industry Is Helping Canada Get Greener?

The Benefits of Solar Lighting in a Nutshell

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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