What Are Solar Incentives?


03 December 2018


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.

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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solar lighting

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


Solar Battery System Types – AC Vs DC-coupled

Before you choose the right solar battery, you first need to learn what AC and DC coupling means. Your solar battery storage system determines how effective your solar air conditioning will be.There are two main ways to connect your power sources when you add battery storage to your solar energy system. AC and DC are the two main types of voltages used to conduct electricity.Let’s find out what differentiates these two battery systems. What is the Difference Between AC and DC Power? AC stands for Alternating Current, and it means electric power first flows in one direction and then the other. This is the type of electric current on the main grid, and it’s suitable for your solar air-con.DC power, on the other hand, stands for Direct current, and it means electricity flows in one direction only. This is the electric power that your solar panels generate from sunlight. The energy stored in your home’s solar battery is usually DC power.Since your solar panels generate DC power and your solar air conditioning and other home appliances need AC power, you need a solar inverter to convert this energy to AC electricity. There are three main types of solar inverters in the market; Traditional Inverters This first type of inverter is also known as the central inverter because it draws power from your solar panels. If you have a solar air conditioner at home, you’ll need this kind of converter to keep it running.It is usually a box that’s installed next to your home’s breaker box. It functions by combining all DC energy from your solar panels and converting it to DC power so that you can use your solar air conditioner Malaysia. Micro-Inverters The second type of inverter is an in-built component on individual solar panels. They are small inverters found on the backside of your panels. They allow your panels to individually and independently convert the harnessed DC power to AC energy. DC-Optimizers Lastly, we have the DC-optimizers that are devices that also go at the back of individual solar panels. Unlike Micro-inverters, they don’t convert DC to AC. Instead, they optimize conditions to ensure your home’s central inverter has an easy time converting DC to AC power. These converters work in a hybrid solar energy system that includes a traditional central inverter and in-built solar panel inverters. Is a Battery DC or AC? Batteries, like solar panels, store and produce DC power. Since your home’s electricity is AC, it means batteries in devices have converters that turn the AC power to DC energy.DC batteries use the same solar inverters that your home uses to convert the stored DC energy to AC power. AC batteries, on the other hand, have an in-built inverter that directly does the conversion. AC Vs DC -Storage Architecture Comparing the strengths and weaknesses of these two battery storage systems helps you choose what is best for your home. DC-Coupled Systems The DC-coupled system is designed to connect directly to the main grid the same way as your solar panels. In which case, a hybrid inverter is required to create a synergy between the solar battery and the solar panels. StrengthsThere is less energy loss because it’s a one-way conversion. Your system makes you eligible for Net Energy Metering if your solar panels can generate excess energy. It is a simple system which translates to lower costs. It is a smart option for people who’re just beginning their solar energy journey.WeaknessesIf you already have a PV system, incorporating it is complex and costly.AC-Coupled Systems The AC-coupled system operates with two solar inverters; a conventional inverter and an additional storage inverter that charges your solar battery. It might seem like a complicated system, but it is very easy to setup. However, as compared to the DC-coupled system, it’s less efficient because it has to be charged. StrengthsIt is way more flexible than the DC-coupled system. The inclusion of two inverters allows you to adjust the location of the battery at will. It is compatible with all kinds of solar inverters. It is a cost-effective solution for people that already have a PV system.WeaknessesThe system is slightly less efficient as compared to the DC-coupled system because of the AC-DC-AC conversion. The system will have more points of failure because you’ll have one inverter in a different location.Which Is Better for your Solar and Storage Needs? If you already have a solar energy system at home, you should go with the AC-coupled system because it’s flexible and easy to set up. However, if you’re just starting your solar journey, you should go with the DC-coupled system; if you generate excess energy, you get to sell it to the main grid. Final Thoughts Understanding the difference between these two solar battery systems helps you make the right purchase. Ensure that you work with a professional who understands what is best for your home. Solar energy systems are here to stay, and you might as well jump on the bandwagon because it’s a system that pays for itself.Read Also:What You Should Know about Solar Energy for Schools Benefits The Benefits of Solar Lighting in a Nutshell Everything You Need to Know About Portable Solar Power What To Do When Your AC Unit Stops Working Ready Rooftops – How to Install Solar Panels

Solar Panels

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 GridFeature Image: modernize.com