Investing In Solar

Current market conditions& incentives make a solar project a lucrative investment.

Existing and newfound factors are driving solar energy to become a more mainstream investment.  There cannot be a more appropriate time for you to participate in the solar environment, whether it be to manage rising electricity costs or to take advantage of a highly profitable investment..  Here are some prime factors that are aggressively driving the solar energy markets:

Government Mandates:  Federal mandates and Renewable Portfolio Standards require states to reduce carbon footprint by producing up to 30% of power from Renewable Energy Sources by 2020.  State governments are establishing stringent Renewable Portfolio Standards (RPS) and increasing their solar carve-outs.

Tax Benefits & Incentives:  Many solar projects are eligible for Federal & State tax incentives, grants and rebates making solar energy a sound investment with many solar projects having an investment payback period of  5 years.

Cost Effectiveness:  In the recent past years technology advancements and reduced cost per watt of solar installations have made solar more accessible.  With electricity rates conservatively expected to increase by over 3% a year, solar energy offers a potential hedge against higher electricity prices

Tradable SREC Markets:  Solar Renewable Energy Credits are environmental attributes that can be transacted and monetized and are the driving economic factor that makes solar financially feasible.  Solar Renewable Energy Credits (SREC) markets in the United States are state mandated.   Electric Power Suppliers (EPSs) need to procure SRECs to satisfy their RPS or pay the Solar Alternative Compliance Payment (SACP) which is a penalty and usually higher than the price of SRECs.

Net Metering Rules:  State mandated Net Metering rules allow consumers producing solar electricity to sell the excess solar electricity to local utilities for qualified grid-tied solar installations

Escalating Fossil Fuel Demand:  Global demand for fossil fuels is increasing while supplies are diminishing, which also comes with political and environmental risks.
 

Minimal Maintenance:  Unlike other renewable energy applications, such as wind or biomass, Photovoltaic installations have minimal maintenance requirement with predictable energy outputs.
 

Climate Change:  Domestically and internationally there is an escalated social and political awareness of the risks associated with global warming and the benefits of implementing renewable energy.