Since the industrial revolution, factories have been among the world’s biggest consumers of energy due to their mass scale and high volume of processes centralized in one location. As a result of the major energy costs associated with manufacturing, many CEOs (such as Tesla’s Elon Musk) have identified solar power as the perfect way to reduce operating costs. In this article, we’ll explain why solar panels are a pragmatic investment for factories.
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Illinois SREC program: an overview
The best states to go solar aren’t always the sunniest; those who benefit the most from installing a solar PV system for their home spend a lot in electricity and live in a state with good solar incentives.
Illinois may not have the year-round sunshine of the Southwest, but it does have a great solar market because of the available financial incentives. In addition to the 26 percent federal solar tax credit for solar system owners, Illinois residents can receive additional financial benefits through the state’s solar renewable energy certificate (SREC) market.
Continue readingSRECs in New Jersey: prices, projections, and program status
The New Jersey solar renewable energy certificate (SREC) program is one of the most lucrative financial incentives for solar available at the state level. New Jersey property owners who buy and install a solar panel system can earn hundreds (or even thousands) of dollars a year by selling the SRECs the system generates.
Continue readingSolar property tax exemptions: are they available where you live?
Aside from the Solar Investment Tax Credit (ITC) provided by the federal government, which covers 30 percent of your solar project’s cost in the form of income tax credits, many states offer their own tax incentives to help you go solar. One popular incentive is a solar property tax exemption. Read on to learn how they work, and which states have these policies in place.
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