Choosing the right solar for your home
Solar Energy World offers two ways to use solar energy in your home: solar electric and solar thermal systems. Both allow you to create a tangible investment in your home while reaping some of the incentives for yourself.
Solar electric systems use photovoltaic panels in conjunction with a regular source of electricity provided by your utility company. The panels capture solar energy and convert it, then power it back into your electric system. If you don’t use the solar power generated energy, it goes back into the grid and you’re credited with it.
Solar thermal systems heat water, one of the biggest energy consumers in your home. Sunlight will heat your water from about 50 degrees Fahrenheit to up to 140 degrees Fahrenheit. The resulting energy savings can be drastic!
Solar Energy World can help you navigate the best solar energy systems and help you choose the right ones for your home. Contact us to get started!
Product Showcase: Mage Solar
It is absolutely critical that all of our solar energy systems be completely reliable, and Mage systems are no exception. Mage Powertec Plus modules are comprised of mono- and polycrystalline cell technologies to keep cell efficiency up to 17.3%. Mage modules allow tolerances of up to +5 watts to guarantee maximum power, while other modules of lower quality deliver less than they claim.
We offer a 10-year product warranty, but it won’t be needed with a Mage module; they’re guaranteed to produce 90% of their nominal power for 12 years and 80% for 30 years – three decades! Mage modules also surpass the most stringent safety procedures.
Are Mage Powertec Plus modules the best solar panels for you? Contact us and we’ll help you decide.
European solar market trumps US but there is a bright spot.
According to a report by the Solar Energy Industry Association (SEIA), published March 10, 2011, the US solar energy industry had a banner year in 2010 and is a bight spot in the US economy as the fastest growing sector. In contrast to the US GDP growth of 2.8%, the US solar market grew 67% in value in 2010 (SEIA executive summary).
US demand growth was, however, outpaced by a global market boom driven primarily by Germany and Italy. It’s reported that the growth in Europe was due to the large government incentives available at the time. However, those incentives have since expired.
The US solar market grew from $3.6 billion in 2009 more than doubling in 2010.
It’s expected that the US opportunity to expand its share in 2011 while the global market slows down. The numbers of installations are likely to double in 2011 in the US. Much of the global PV industry is turning its eye to the US with great expectations.
In 2007, only four US states installed more than 10 megawatts of PV. Now, 16 states have accomplished that feat, notably Arizona, California, Colorado, Nevada and New Jersey installed more than 50 megawatts. In 2010, New Jersey more than double it’s installations, ranking the 2nd largest state for solar installations with more than 100 megawatts in a single year.
“This report shows that solar energy is now one of the fastest growing industries in the United States, creating new opportunities for both large and small businesses. Every day, Americans across the country are going to work at well-paying, stable jobs at solar companies, from small installers all the way up to Fortune 500 companies,” said Rhone Resch, SEIA president and CEO. “This remarkable growth puts the solar industry’s goal of powering 2 million homes annually by 2015 within reach. Achieving such amazing growth during the economic downturn shows that smart polices combined with American ingenuity adds up to a great return on investment for the public. The bottom line is that the solar energy industry is creating tens of thousands of new American jobs each year.”
While New Jersey has outpaced even California, Maryland isn’t even on the map.
Maryland was one of the first states to adopt a Renewable Portfolio Standard in 2004. A solar “carve-out” was added in 2007, requiring that a percentage of the renewable portfolio standard must originate from in-state solar generated electricity; the percentage gradually ramps up to 2% by 2022. In April 2008 Governor Martin O’Malley signed Senate Bill 209, which accelerates the RPS to require that 20 percent of the state’s electricity supply come from renewable sources by 2022. In 2010, the Maryland legislature adopted provisions that further accelerated the RPS requirements in the early years (2011 through 2017), resulting in more residential and commercial solar installations during this period.
MDV-SEIA, the Maryland, Washington DC, Virginia chapter, is working on policy changes to fast track change, making it possible to hit the state requirements by 2022.
Overall, the state is at 27% of its 2022 goal.
Way to go New Jersey! Let’s get going Maryland! Be part of the solar revolution, green jobs and solar savings!
Commercial Benefits of Solar
You might think that commercial solar arrays are expensive. The reality is this: it’s costly NOT to go solar. Here’s the breakdown (what you’re missing!):
- The typical ROI (return on investment) is between 12-30%!
- The federal government subsidizes your system by 30% (uncapped)
- The state of Maryland (as an example) offers up to $2.5 million per system in tax incentives, and many counties in the state also offer credits or grants. Other states offer credits and grants as well.
- Increase the resale value significantly without adding to property tax liability
- Write off 100% depreciation in the first year
- Reduction in operating costs while electricity costs skyrocket throughout the country
- “Hedge” against the rising energy costs
- Promote your business’ efforts at going green
These are a handful of the benefits of going solar for businesses.
Business owners also have options to meet their needs, as Solar Energy World offers a type of “rent-to-own” option called “Power Purchase Agreements” or the ability to own your own system and fast-track MAXIMUM savings and earnings.
Learn more about our company’s commercial solar energy options, and the government incentives for solar power that are available.
Remember, “Go green, save green!“