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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Five Factors That Impact Solar Panel Installation And Maintenance Costs

More homeowners are increasingly turning to solar power as an alternative energy source due to its ability to lower electricity bills and boost home resale values. While going green is an excellent move, installing and maintaining solar power systems are associated with high costs. By learning about the factors influencing them, you can easily decide if switching to solar power is worth your hard-earned money. Here Are Five Prime Factors That Impact Solar Panel Installation And Maintenance Costs 1. Your preferred solar panel contractor Selecting the right solar panel installer is critical as you transition to a more sustainable lifestyle. Proper installation and maintenance can make or break your project's cost-effectiveness, so don't be tempted by low prices alone! To get ahead of potential problems down the road, research companies for their qualifications and reviews before making any commitments. Investing in an experienced contractor may come at a higher upfront price tag but will ensure successful integration into renewable energy sources with long-term savings benefits. When you contact us, we will answer any inquiries regarding the cost of our solar power installation and maintenance solutions. 2. Roof type and angle The type and angle of your roof significantly impact your solar panel's installation cost and maintenance. Roofs that are flat, slate, or shingle can be challenging to work with, and installation may take more time and effort, which leads to higher costs. The angle and orientation of the roof also play a role. A roof with a steep slope facing south will provide optimum sun exposure, reducing installation costs and improving energy production. 3. Structural issues Structural issues also affect solar panel installation costs and maintenance. The integrity of the roof and the structural load-bearing capability are essential considerations. Reinforcement may be necessary if the roof cannot accommodate the solar panel's weight, which will increase installation costs. Similarly, any structural issues that require repairs, such as rot, sagging, or cracks, would require rectification before installation, which increases installation costs. 4. Solar system add-ons When upgrading your solar power system, several accessories could enhance its performance. Battery backup systems can store excess energy for later use and offer protection when the sun isn't shining as brightly or in case of an outage. While these add-ons come with additional costs upfront, they may provide long-term financial savings, greater reliability to offset any weather variations affecting production levels, and added peace of mind during emergencies. 5. Local costs Local codes and regulations can also influence solar power installation cost and maintenance. Permits and interconnection fees, for example, can vary between localities, and you must confirm any costs before proceeding with the installation. Licensing, inspection, and maintenance costs are additional expenses that may be imposed in your locality. Conclusion Investing in a solar energy system could be an effective way to reduce your utility bills. Still, the timeline of when you can expect to see those savings depends on several factors. In sunny areas with high current energy costs, these systems can pay off within five years, though other locations may have longer wait times that stretch out into ten or 20-year cycles before any real return is seen. It ultimately comes down to your value on environmentally friendly solutions and long-term investments versus the more immediate financial gains from traditional power generation sources. Read Also: Ready Rooftops – How to Install Solar Panels 8 Tips For Choosing Solar Panels For Outdoor Activity How Much Do You Save With Solar Panels? The Ultimate Guide

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/

Why Do Some Solar Power Systems Include A Battery?

When you go to purchase a solar power system, you will find a variety of options. Some will include a battery. Others will not. The battery can either be a battery that stores the energy of the sun, one that stores the power of the wind, or a combination of the two. Lithium-Ion Batteries Lithium-ion batteries are a type of rechargeable battery that provides more storage capacity without taking up more space than lead-acid batteries. These types of batteries are useful for off-grid power stations. They have high charging and discharging efficiencies and long service life. However, lithium batteries do have their limitations. These include the potential to catch fire. Furthermore, the battery's lifespan depends on how deep it is charged. This is known as the Depth of Discharge or DoD. Most lithium solar batteries have a DoD of about 95%. While this means that the battery can be safely used for more than ninety percent of its total capacity, it also means that the battery will need to be recharged every so often. In addition, lithium-ion batteries are generally more expensive than lead-acid batteries. Depending on how many batteries you want to purchase, it can cost from $5,000 to $15,000. To make up for the higher cost, there are federal tax credits available. Compared to lead-acid batteries, lithium-ion solar batteries have a longer lifetime. Lead-acid batteries have a short lifespan, usually around five years. On the other hand, lithium batteries can last for twenty years or more. A properly installed lithium ion solar battery will have a very low risk of thermal runaway. The round-trip efficiency is another characteristic of a lithium-ion battery. It is the difference between how much energy is used to charge the battery and how much is left when the battery is fully charged. Generally, lithium batteries have a round-trip efficiency of between 90 and 95 percent. Some lithium solar batteries require three stages of charging. The first stage charges the battery until it is about 90 percent full. This is done by using a voltage regulator charge controller. At this point, the battery begins to drain the amperage. The second stage of charging is where the battery is charged for a short period of time until the amperage is nearly full. If you use a store charger, this will increase the discharge rate. Because of the sensitivity of the battery to temperature, it is advisable to choose a battery that is designed for cold or warm weather conditions. Lithium-ion batteries are generally more forgiving than lead-acid batteries. However, they may still need to be replaced in the future. Therefore, it is important to look for a company that has an excellent track record of customer satisfaction. Another important consideration is the warranty. Ideally, you should be able to buy the battery with a warranty that guarantees the specific capacity of the battery. The warranty should also state how many cycles and years of good performance it can provide. Choosing the right battery for your solar panel system is dependent on many factors. You will need to consider the frequency of discharging, the amount of available space, and the installation method. DC Coupling DC coupling in solar power systems is the process by which electricity generated by photovoltaic panels is routed directly into the batteries of an energy storage system. This can help reduce the overall Levelized cost of energy (LCOE) and provide increased energy independence. In addition, it eliminates the need for a second inverter or additional controls. One of the main benefits of using a DC-coupled system is that it is more efficient. With an AC-coupled system, each DC output of a PV module must be converted to AC, resulting in efficiency losses. When the dc output of the PV modules is directly tied to the battery of an Energy Storage System, it is possible to maximize the amount of solar-generated electricity fed into the grid. While an AC-coupled system can be a viable option for some applications, a DC-coupled system is preferred for most projects. The reason is simple. These systems are easier to install and operate. They are also slightly more efficient than their AC counterparts. For this reason, they are considered the best choice for new solar+ storage installations. There are a variety of factors to consider when deciding between an AC and DC-coupled solar system. The specifics of a particular project will play a big role in this decision. However, one important factor is interconnection costs. Using the same inverter to charge and discharge your battery system can decrease the cost of the installation. Also, co-locating your assets will reduce the cost of land acquisition and permit applications. Another benefit of adding a battery bank to your PV system is that it can allow you to take advantage of tax credits. As a result, you can end up with a completely self-sufficient home. You will be able to store excess energy for use during periods of inclement weather or in the evening when the solar panels are no longer producing. DC coupling is a promising development in the field of energy storage. It is a newer system architecture that can increase the efficiency of an Energy Storage System. Unlike the AC counterpart, a DC-coupled system has direct current wiring. This allows for faster, simpler installation. Furthermore, the systems can be expanded. Inverters used in DC-coupled systems are usually smaller than those used in AC-coupled systems. Because of this, DC-coupled systems may be more suitable for residential or small commercial applications. Those that are more than 6kW will require multiple strings of solar panels. If you need more than a few kilowatts of energy, you will need to invest in MPPT solar charge controllers. As more utilities and solar developers begin to develop DC-coupled solar+storage solutions, the industry is expected to become more mainstream. The technology has the potential to lower the cost of implementing solar+ storage projects and will make the energy storage market more competitive. Hybrid Systems Hybrid solar power systems offer a number of benefits over traditional solar systems. One of the biggest advantages is the ability to store energy in your own home. This is especially beneficial when the weather is cloudy or when the sun isn't shining. Hybrid power systems can work alone, but they also work when connected to the grid. They allow you to store extra electricity in your battery and then return it to the grid at peak hours for high-value credits. The most efficient hybrid system will use a basic inverter that controls the flow of power into the battery. Another major benefit of a hybrid system is its capability to store and provide power in case of an outage. While a traditional grid system does not have the battery backup capacity to keep your lights and appliances running during a power outage, a hybrid power system can do just that. There are a number of components that go into making a hybrid system. These include batteries, an inverter, a combiner box, and a solar panel. Each of these items can be used to improve the efficiency of your system, which translates into lower costs and a longer lifespan. A hybrid solar system is especially appealing to consumers in areas that are prone to losing power for long periods of time. These systems can be a great way to cut down on your energy costs and help protect your house from future rate hikes. Also, a hybrid power system can be more environmentally friendly than a system fueled by fossil fuels. Most hybrid systems will use lithium-ion batteries as the main source of energy. Lithium-ion batteries are capable of holding more energy and have more capacities than lead-acid or other types of batteries. While a hybrid system may be a bit more expensive than a purely on-grid system, it is still much cheaper than an off-grid system. In addition, some utilities do not have retail rates for solar electricity. Even with a small solar array, you can save up to two-thirds of your electric bill. Another big advantage of a hybrid system is the fact that you will get credit for the amount of electricity you produce. Some utilities have net metering policies, which allow you to buy back excess energy from the grid for a higher rate than you pay for the actual electricity. Depending on your area, you may be eligible for a federal rebate. For example, the Federal Investment Tax Credit is available through 2022, which will allow you to reduce the cost of your solar power installation by up to 30%. Moreover, in 2022 or 2023, the federal tax credit for solar power projects will be extended, which will further decrease the price of a hybrid system. Read Also: Is Energy A Good Career Path? – A Detailed Guide Best Paying Jobs In Energy Everything You Need To Know About Mobile Solar Generators

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

Five Factors That Impact Solar Panel Installation And Maintenance Costs

Safeguard Your Loved Ones Against the Dangers of Radon Gas

Why Do Some Solar Power Systems Include A Battery?

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

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Follow Us

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