An Update on Solar

The simple answer is that the energy from the sun and light gets transformed by the solar panel into electrical energy. The way people and businesses use solar energy to their advantages is growing by leaps and bounds. Solar Energy for Businesses: Large solar projects-Businesses have discovered that they have an untapped resource. Their roof tops and the sides of the buildings that they occupy have become a potential income source. Solar energy panels are showing up on business rooftops and the sides of buildings now. The economy of recent years has caused many businesses to rethink their expenses and assets. Solar technology has been able to help businesses reduce their energy costs.

Additional source of income- A business that produces more energy than it needs simply sells the energy back to the power company for an extra income stream. Businesses or maybe I should say power plants, are springing up where there were none before. Think about this; if you have a large roof or field and you install some solar panels you now have a small business or an electric company depending on the size of your solar array. Jobs Creation: New companies that maintain the solar panels create new jobs.

Taxes credits- Recent year’s tax incentives have really helped push renewable energies like solar to the front of business owner’s minds. Solar panels efficiency has greatly improved from the ’70s panels which were around 7%. Most solar photovoltaic panels are around 20%. The price of the panels has come down in recent years as well. Given these recent developments most roof tops are wasted space and what business can afford waste?

Marketing Boost-Companies have increased their market share when they label their products as being made with an alternative energy like wind and solar energy. Many people purchase products that use renewable energy over those that don’t. Using solar energy makes sense for companies when it comes to lighting solutions as well. Using green solar energy on things like street lights in the parking lots and to light up their signs makes sense. Signs and parking lots get plenty of sun. The Benefits of Solar Power for Homeowners and Consumers: Renewable power is turning homes everywhere into power sources.