There are many factors that make solar a successful action. The questions we ask to qualify an interested business person are as follow:
1. Do you own the building? Solar adds value to a facility. Long term lease situations can justify the investment as a tenant improvement but many businesses are reluctant to incur either the capital investment or the debt on a non-owned structure.
2. Do you have tax liability? The 30% tax credits are a major benefit in place until the end of 2019. This “reduction” is factored in to create the short ROI for most solar adopters if you can’t use the security the ROI lengthens from around 5 years to around 10.
The number of participants in the “Maryland Energy Choice Program” has increased over the past few years, primarily due to higher utility default supply rates and alternative energy providers providing lower competitive supply prices. Customers who receive their electric bill from BG&E, PEPCO, Potomac Edison, and Delmarva Power & Light can shop for an electricity and natural gas supplier who might be able to provide a better price than the utility standard default rate. However, the overall switch rate is still low in Maryland, when compared to other electricity choice markets.In the Baltimore region, despite the lowest BG&E electricity suppliers offering rates below the default rate, less than 30% of customers in the area were buying power from a competitive supplier.
Green Technologies are more affordable
Once quite expensive, renewable energy is becoming increasingly affordable, especially in sunnier and windier parts of the country. The price of solar cell panels, for example, declined in recent years, allowing states like California — a role model for climate policy at the state level — to substantially increase their investments.
An evaluation by the University of Texas Energy Institute found that for most of the country, natural gas and wind power are the cheapest forms of new energy capacity. Now, when you factor in other costs like health, the availability of water and government regulations, solar, wind, nuclear and other greener energies prove even cheaper in some parts of the country.
There are few places on earth that have more beautifully manicured natural environments than golf courses. “The links” are a prime example of man working with nature in harmony creating positive impacts. This peace with nature is part of what makes golf such a profound sport to play.
When most people think of golf you don’t immediately think of electricity, yet a typical course requires a lot of power. The clubhouse, cart charging, maintenance facilities and pumps for irrigation all add up to substantial energy consumption. Solar Power is a long-term green answer to lowering and stabilizing costs.
Solar Power today costs significantly less than even a few years ago. Prices of solar panels have plummeted. Huge tax incentives are still available for a small amount of time. The benefits outweigh the costs and the ROI for solar ranges from 5-8 years now. AFTER THAT THE POWER GENERATED IS AT NO EXPENSE TO YOU!
Over the past 50 years, solar energy has moved from being “fringe-science” to an affordable option for consumers to control and reduce their energy budgets. With solar panels now costing a fraction of what they used to, and with Federal tax incentives reducing the cost of an install by almost a third (1/3), solar has positioned itself as something consumers need to take a closer look at.
Now consumers have access to the PACE (Property Assessed Clean Energy) program. PACE is a means to finance any energy efficiency upgrades. This can mean anything from a new roof, to an installed solar project. This type of financing is attached to the property, rather than the individual, which allows commercial and residential consumers to implement solar with no money out of pocket. Along with the immediate reduction in utility bills, many can go solar and pay less for their energy expenses beginning with the first month of service.
The U.S. Energy Information Administration (EIA) has reported that about 37% of all solar generation in 2016 came from small scale solar systems (less than 1 MW). This statistic shows the rising trend that individual consumers, both commercial and residential, are utilizing solar as their means for controlling their energy budgets.
Can you really lower your taxes by also lowering your electric bills?
The solar Investment Tax Credit (ITC) is the most important federal policy supporting the switch to solar energy in the United States. It provides a direct reduction in your federal tax liability by 30% of the total cost of the solar system installed.
Today I had the privilege of meeting Andy Jorgensen and toured his maintenance facility at Candler Hills Golf course. We could search high and low and not find a better poster child for the energy and cost savings initiatives we want to roll through the nation’s golf courses.
What you see above is their maintenance building, Read More
What do we do for clients?
CEO Jim Mathers summarizes our mission at NAEA. We help clients by informing them of their options and help them make the best decisions about their energy strategy to keep costs stable, low, and even lower demand with monitoring and other efficiency solutions we can provide bids on.