According to data from the Rocky Mountain Institute, the largest non-fixed operating expenses for businesses is utility costs. Other operating expenses include labor, rent or marketing. When a business is looking for ways to improve cash flow and reduce overall operating costs without cutting back on staff, reducing advertising spend or trying to find cheaper rent, energy is “the final frontier” of where brands can conserve. A comprehensive energy reduction plan will include many different types of strategies, such as improving technologies, equipment and processes, as well as investments in onsite or offsite power generation.
You have questions or concerns about choosing the right solar company to handle your projects. We have answers.
Last week saw the bankruptcy of SunEdison, one of the largest solar companies in the world.
This news might make you feel nervous if you are considering a solar installation for your home or commercial space, but worry not - there are some easy steps you can take to ensure you choose a solar company that can provide the service you need for the lifetime of your installation.
The prodigious growth of solar power in the United States has turned what was once a boutique industry into a multibillion-dollar asset class. Cumulative installed solar photovoltaic (PV) capacity in the US has exceeded 20 gigawatts, with thousands of projects scattered across the country.
With gigawatts now in play, this burgeoning stable of solar asset investments needs to be properly operated, maintained and managed. Commercial solar system owners, building hosts and other stakeholders require professional operations and maintenance (O&M) services for each solar project to realize its full value potential. PV systems that do not have scheduled maintenance programs to support the product and power production do not typically provide the best ROI for the customer.READ MORE >
The number of U.S. businesses with solar energy installations grew to a new high in 2015. Enterprises ranging from family-run companies to some of the country’s biggest corporations are producing their own energy, cutting operating expenses, and achieving environmental sustainability.
A recent report from the Solar Energy Industries Association (SEIA) provides data and insights into the diverse mix of corporate offices, office buildings, retail, manufacturing, data centers, distribution and logistics centers, and convention centers that have gone solar.READ MORE >
Combining solar and energy storage can generate significant value for commercial energy customers. Due to technology improvements and cost reductions, installing storage with solar can maximize energy savings potential and, with innovative financing solutions, it can be accomplished without using valuable capex dollars. That’s why REC Solar and Duke Energy recently entered into a partnership with Green Charge Networks to provide commercial energy customers the highest-value and most comprehensive storage and energy management solutions.READ MORE >
2015 was another record-breaking year for REC Solar. Before we turn our focus entirely to 2016, I’d like to reflect on the path we’ve travelled and recognize those who made it possible.
Here’s my “top 10 list” of reasons we’re thankful and excited for the New Year:
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Great news for businesses looking to go solar! On the heels of the landmark global climate agreement in Paris, the U.S. Congress today voted to extend the Investment Tax Credit (ITC) for solar energy investments by five years. The bill now goes to President Obama who plans to sign the bill today. This decision will help thousands of businesses across America achieve savings and sustainability with advanced solar technology.READ MORE >
If you work at a manufacturing center, logistics hub, or warehouse operation, the value of installing a solar energy system has never been stronger. Escalating utility rates and decreasing solar system costs, in addition to attractive local and national incentives, have led hundreds of American manufacturers to embrace solar energy to reduce operating expenses, limit cost variability, and demonstrate environmental sustainability.READ MORE >
The operations and maintenance of commercial solar photovoltaic systems requires a year-round effort, but performing the necessary O&M tasks on installations located in geographies prone to harsh wintertime conditions presents unique challenges.
A well-constructed commercial solar system is highly resilient to extreme weather conditions; however, heavy snow combined with high winds could dampen the energy production of a PV array and possibly damage a system’s structure and components. A well-organized commercial solar O&M program can help avoid or rectify issues caused by the hands of Mother Nature.READ MORE >
Unless Congress acts to extend it, the 30% Federal Investment Tax Credit (ITC) for commercial solar energy projects will step down to 10% on December 31, 2016. The ITC has been a major factor in America’s solar industry growth, helping solar installations increase by an average 48% annually since implemented in 2006.
UPDATE 12/2015: The Solar Investment Tax Credit has been extended! Learn more about how changes to the ITC will benefit commercial solar.READ MORE >