RenewableEnergyWorld.com, Apple Widens Its Solar Energy Footprint
Apple recently announced that they will be building a new solar installation in Maiden, North Carolina, bringing the company closer to their goal of being completely powered by renewable energy. The solar project is scheduled to be completed in 2020 and has helped Apple become the company that Greenpeace says is making the most strides towards the use and advocacy of renewable energy, internal conservation and improvement in transparency.
Article Link: Renewable Energy World.Com
WHNT: Channel 19 news, BBB gives guidelines for solar energy
This summer the Alabama Better Business Bureau wants consumers to have the knowledge they need to make educated decisions about solar energy projects and their homes. Aware that there is the potential for scams within the industry, the BBB is providing tips for consumers – things to consider and research before signing up with a contractor and locking themselves into a service. The BBB information is helpful and applicable to anyone who is considering making the switch to renewable energy, not only those living in Alabama.
Science Daily, Cheap and environmentally friendly: Tofu ingredient could revolutionize solar panel manufacture
Research coming out of the University of Liverpool has the potential to drastically lower the cost of manufacturing solar panels and it’s thanks to an unlikely ingredient – magnesium chloride. Dr. Jon Major, a University of Liverpool physicist with the Stephenson Institute for Renewable Energy, has shown that magnesium chloride, a chemical also used in making tofu and bath salts, can not only reduce the cost but it can also increase the panels’ efficiency.
Eco-Business, World Cup stadium generates more solar power than 11 competing countries: report
Brazil’s recently constructed national stadium, and World Cup venue, the Estadio Nacional Mane Garrincha in Brasilia has been built with the capability to produce a tremendous amount of solar power – 2.5 MW. When combined with the solar power producing capabilities of the other 2014 World Cup venues, Brazil has the potential for producing a total of 5.4 MW of power, more power than any previous World Cup.
ABC News, More Ocean off Massachusetts Open for Wind Energy
Governor Deval Patrick and United States Interior Secretary Sally Jewell have announced that more than 742,000 acres off the coast of Massachusetts will soon be opening up for commercial wind energy leases. Located twelve miles off shore and to the south of Martha’s vineyard, the area is larger than Rhode Island and will double the amount of offshore acreage currently available for commercial scale wind energy projects.
Nasdaq, Solar Energy Breakthrough Could Drop Consumer Price
University of California Berkeley Professor Ali Javey has discovered a new, lower cost method for producing the powerful semiconductors that are used in high-efficiency solar cells. The electrical engineering and computer science professor’s reports suggest that by lowering these costs and creating a more efficient product, the cost of solar panels for consumers will also drop.
PV-Tech.org, Warren Buffett plans to double Berkshire Hathaway’s investment in renewable energy
When the Edison Electric Institute held their annual meeting in Las Vegas last week, Warren Buffet, CEO of Berkshire Hathaway, Inc., spoke about the company’s sizable investment in renewable energy. Buffett disclosed that the company has previously invested 15 billion dollars in the industry and has another 15 billion “ready to go as far as I’m concerned”.
Solar installations are no different. With the rising cost of electricity and the seemingly monopolistic relationship many have with current providers, it’s now small wonder that cost savings is the top reason homeowners across the country are going solar. Not only can you save major money, and increase your homes value, you also free yourself from being hostage to your utility provider and its rates. Like all major purchases in life we have to figure out where the money is going to come from in order to buy what we want. Some call it a budget, some call it a spending plan, either way you have options when it comes to putting solar on your home.
If you have the cash (tens of thousands of dollars) to cover the purchase and installation of solar panels, and you aren’t interested in tax incentives, you can simply write the check and forego reading the rest of this article. However, if like the majority of home-owners, you need some help with the financing here’s a few ideas.
First, make the lease or buy decision. If you decide to lease, the financing issue is almost non-existent. With leasing, you purchase your electricity from the company who owns the panels attached to your roof.
Not only are leased systems installed at a very nominal price (often at zero cost), most leased systems offer zero maintenance fees. With a lease option the homeowner provides the roof, the utility company installs and maintains the equipment, the utility company takes all the power generated, then sells that power back to the homeowner through a monthly utility bill – albeit generally at a reduced rate.
Leasing provides the doing good for the environment feeling and saves a bit on the utility costs. No (or minimal) up-front costs also means minimal savings. If you are looking for a bigger return on your investment, purchasing a solar system may be what you are looking for.
Today there are tax credits, rebates, and other incentives available to those who choose to join the renewable energy movement and purchase and install solar energy panels. These incentives are available through Federal, State, and local government entities and can lower the cost of a solar energy system by up to 50%. By capitalizing on these incentives rebates, a solar energy system can quickly pay for itself.
Residential tax incentives come in many forms including Federal and State income tax credits or deductions, sales tax rebates, and local property tax credits. These can all be used to reduce the up-front costs of purchasing a solar energy system.
While the tax incentives are nice, the money to purchase the system usually comes out of the consumer’s pocket. To help with that, some solar companies will credit your account for the federal incentive up front – don’t forget to ask your provider about this. And for the rest of the money, consider a home equity loan to pay the remainder of the costs. A home equity loan gives you additional tax benefits over paying on a credit card. If you don’t have sufficient equity in your home, try a home improvement loan or financing through the company you are purchasing the system through. Even though the up-front costs can be a huge chunk of cash, the rewards of cheap electricity can help you see a return on your investment quickly.
Remember that tax laws change often. Always consult your accountant, attorney, or tax advisor for up to date information prior to making a purchasing decision based on possible rebates or tax credits.
Interested in learning how much you can save with solar? Click here to get a free quote and have all your questions answered for free.
Net Metering
Consumers using solar energy systems to generate their own electricity feed their unused electric energy into the grid. Net metering provides credit to the system owners for this unused energy. Solar system owners will only pay for the electricity that they use which is above and beyond what is produced by their systems. Customers who generate a net surplus of energy will receive a payment for that energy. States offer different implementation and legislation so the benefits of net metering will vary for solar energy system owners depending on their location.
http://www.seia.org/policy/distributed-solar/net-metering
http://www.gosolarcalifornia.ca.gov/solar_basics/net_metering.php
Photovoltaic (PV)
Another word for Solar Electricity. Photo means light and voltaic means electricity. A photovoltaic device generates electricity from the sun. Photovoltaic devices can be used to power electric devices or to send electricity to the grid. Photovoltaic cells are made of layers of semi-conducting material, generally made from silicon. Sunlight shines onto the material, freeing electrons and creating an electrical field. Solar cells are small and on their own do not generate much electricity. Cells are usually combined in groups of 40 called modules. Modules can be combined together to create arrays. Arrays can be connected together to create systems that will generate electricity. The power generated by a Photovoltaic cell is measured in kilowatts peak (kWp).
http://www.seia.org/policy/solar-technology/photovoltaic-solar-electric
http://solareis.anl.gov/guide/solar/pv/index.cfm
Utility Grid
Also known as the Electrical Grid. The system that brings electricity from power plants to homes and businesses. A network of power providers and consumers who are connected and working together to distribute and transmit electricity over a large area. The continental United States contains three systems: the Texas Interconnect, the Western Interconnect and the Eastern Interconnect. The Utility Grid is divided into a transmission system which moves large amounts of high voltage power from power plants to sub-stations and the distribution system which provides low and medium voltage power from substations to customers.
http://whatis.techtarget.com/definition/electric-grid
http://alternativeenergy.procon.org/view.answers.php?questionID=001247
http://energy.gov/eere/sunshot/solar-energy-glossary#E
AC Current
A type of electrical current, or flow of electrical energy, also known as Alternating Current. The direction reverses at regular intervals/cycles. The standard in the United States is 120 reversals, or 60 cycles per second. Transformers are used to increase or decrease AC voltage. Electric power is delivered to businesses and residences in the form of AC Current.
http://energy.gov/eere/sunshot/solar-energy-glossary#electric_current
http://en.wikipedia.org/wiki/Alternating_current
DC Current
A type of electrical current, or flow of electrical energy, also known as Direct Current. DC current does not reverse directions. Sources that produced DC current include solar cells and batteries.
http://energy.gov/eere/sunshot/solar-energy-glossary#electric_current
http://en.wikipedia.org/wiki/Direct_current
Solar Panel
Also known as a Photovoltaic panel, a connected group of Solar (photovoltaic) modules, that are being used to generate electricity. Panels are made from thin sheets of silicon. Panels are placed in the direction that will absorb the maximum amount of rays from the sun. The sun shines on the solar panels and the electrons in the silicon begin to move around, flowing along wires within the panel’s cells, generating electricity. Solar modules can be arranged in different ways, creating a variety of panel sizes.
http://energy.gov/eere/sunshot/solar-energy-glossary#photovoltaic_panel
http://www.solarenergy.org/answers-younger-kids
http://www.solarenergy.org/answers-older-kids
Kilowatt (kW)
Unit of electrical power that is equal to 1000 watts. A kilowatt equals the energy consumption rate of 1000 joules per second. It measures the rate of energy conversion. kWh (kilowatt-hour) is a unit of energy equal to 1,000 watts of power acting over a period of 1 hour.
Solar Home Battery
Used to store energy so that electricity may be used during a power outage or natural disaster. The newest version of storage batteries are lithium-ion .Homeowners can use their batteries to decide when they use wish to use electricity, allowing them to store solar power when electric rates are low and using it when rates are high.
http://tech.fortune.cnn.com/2013/11/06/solar-power-storage/
Solar Leasing
A financing option that makes solar energy systems more readily accessible to homeowners. Consumers lease or rent the equipment needed for the solar system and have the option to purchase it at the end of the lease term. Lease terms for homeowners may range from 10-20 years and commercial leases from 7-15 years. The company leasing the equipment is responsible for the system’s maintenance, performance and repair throughout the lease terms. Any incentives such as rebates, tax credits, etc. would belong to the leasing company.
http://www.energysage.com/solar-lease/lease-ppa-whats-the-difference
Power Purchase Agreements (PPAs)
Customers agree to purchase power generated by the solar energy system from the company at a set price per kWh. This price may be fixed throughout the term of the agreement or it may increase at set rates each year. Term lengths can range from 10-20 years. Customers have the option to purchase equipment at the end of the term or they can extend the contract. Maintenance, repairs and performance of the equipment over the term are the responsibility of the company.
http://www.energysage.com/solar-lease/lease-ppa-whats-the-difference
http://www.seia.org/policy/finance-tax/third-party-financing
Energy Efficient Mortgages (EEM)
A mortgage that takes a home’s energy efficiency and credits that back to the home’s mortgage. Borrowers can finance alternative energy systems as part of a single mortgage. EEMs can be used to purchase new homes that are already energy efficient. EEM may also refer to Energy Improvement Mortgage which is used to purchase an existing home that will then have energy improvements made to it. Homeowners can also use an EEM to refinance a mortgage for the purpose of financing energy efficiency improvements. EEMs will usually require a home energy rating so that lenders may estimate the monthly savings and the value of the energy efficiency system.
https://www.energystar.gov/index.cfm?c=mortgages.energy_efficient_mortgages
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/eem/energy-r
How does a Solar Panel Convert Energy from the Sun?
An Animated View of How Solar Panels Work!