Financial Incentives for Your Business to Use Solar Power

Efficient and durable, solar power is the future of energy production. At a time when we’re facing an energy crisis due to dwindling fossil fuel reserves, it’s important to explore all possible avenues for sustainable and renewable power. From private homes to small businesses, everybody can reap the benefits of solar power with attractive financial incentives from government agencies, utility companies and independent vendors.

So how can you take advantage of this promising energy source?

Solar power consists of the use of sunlight to convert solar thermal energy into other forms of electrical energy. The most common forms are photovoltaic (PV) in which solar cells have the ability to convert light directly into electric power, and solar thermal (ST) which involves using sunlight to heat a fluid and create steam. According to the U.S. Department of Energy, both technologies require relatively little land capacity for installation and significantly less than conventional fuels for electricity generation.[1]

The benefits of using solar power are numerous: it’s eco-friendly, renewable, and efficient at producing energy from applied resources. Let’s take a look at some of the ways you can take advantage of this source:

The U.S. Department of Energy provides financial incentives for both homeowners and business owners who use solar power. For example, if you install solar panels on your roof, the federal government offers grants and tax credits together with performance-based incentives to help offset 70% of your investment cost.[2] Incentives like these could save you thousands in the long run while promoting sustainable energy use county-wide.

Utility companies offer rebates and tax incentives to people who choose solar power over other sources during summer months when electricity demand is at its highest peak. In New Jersey for example, customers who install solar panels can receive a 200% rebate that’s good for five years.[3] In this way, you might not be paying more in utilities by using the solar power.

More and more companies are going green in their efforts to promote environment-friendly products and services. One of the ways they do this is by offering financial incentives to people who use solar energy. Not only will these incentives help make your electricity bill affordable, but they could also help restore land and reduce pollution by producing clean energy on your property. Solar companies like The Solar Group aim to help businesses integrate solar power into their daily operations. By way of a partnership with Tesla Motors and the State of Maryland, for example, this company will install and operate solar panels for businesses on a pay-per-use basis. This saves the company money on their electricity bills while still benefiting the environment.[4]

Overall, renewable energy has a positive impact on our environment by reducing harmful fossil fuel emissions in the atmosphere. But why wait for larger government interventions to get started? Solar power is the easiest and fastest way to promote a healthy environment while also saving money on your electric bill. By taking advantage of existing financial incentives, you can make the switch today.

Citations:

1) U.S. Department of Energy-Clean Energy Solutions Center-Solar Basics [Online] http://www.cleanenergycenter.org/solar_basics/solar_basics_overview.htm [Accessed Sept 22, 2014]

2) U.S. Department of Energy-Tax Credits and Incentives for Renewable Energy and Efficiency [Online] http://energyefficiency.gov/tax_credit_incentives.html [Accessed Sept 22, 2014]

3) New Jersey Department of Environmental Protection-Rebate for Solar Energy [Online] http://dep.nj.gov/energy/renewables/renewable_incentive/solar.shtml [Accessed Sept 22, 2014]

4) The Solar Group-Tesla Motors and Maryland Solar Partnership Program [Online] http://www.solargroupmd.com/tesla-motors-and-maryland-solar-partnership-program/ [Accessed Sept 22, 2014]

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Solar Power: Financial Incentives for Your Business to Use Solar Power The Solar Group - Nov 12, 2014 [ARTICLE END]

About the Author: Rupert Cole is a designer and web developer for The Solar Group. He is also a freelancer designer and marketer / SEO specialist for other businesses. He gets the most satisfaction from projects which combine his skills and passions in order to help make the world a better place. He is also a writer for a number of blogs. These include the eco-friendly blog, My Green Home and A Peek Into Eden, which has info about health and wellness. He also writes for The Solar Group Blog.

If you are looking for a way to save money on your electricity bills while being environmentally conscious, consider investing in solar power. In this article, we look at why solar power is the source of the future and how it can lower your electric bill: [ARTICLE START]

A clean energy source is one that doesn't produce any kind of pollution during operation or as a result of any side effects from its usage. One of the most common clean energy sources currently is solar power. There are two types of solar power: photovoltaic (PV) and solar thermal. Both of these technologies are completely "clean" or free from any kind of fossil fuels or other toxic chemicals that have both short-term and long-term effects on the environment.[1]

Solar Power Systems Solar power is a renewable energy source, which means that there is no depletion of its natural resource base. The sun doesn't provide less light just because we have already used up all the fossil fuels in our vicinity, meaning that we can always rely on the sun for clean energy generation when it's needed most.

Conclusion Solar power is a green, cost-effective way to save money and improve the quality of life for everyone by reducing carbon emissions and other pollutants created by fossil fuel-based energy sources. There are many ways of taking advantage of this source that will not only lower your electric bill but also make your home more environmentally friendly while doing so.

Sources:

1) U.S. Department of Energy-Clean Energy Solutions Center-Solar Basics [Online] http://www.cleanenergycenter.org/solar_basics/solar_basics_overview.htm [Accessed Sept 22, 2014] 2) U.S.