California’s Central Coast wine region ranks as one of the top viticultural areas on the planet, with more than 300 wineries spread across the area’s rolling hills and lush valleys. A growing number of local winemakers’ share a commitment to sustainability, which includes investing in solar photovoltaic (PV) systems that offset electricity costs with the same clean energy source that gives life to their vineyards.READ MORE >
The Hawaii Public Utilities Commission issued a ruling on October 13th that brings a halt to new net metering (NEM) applications on the Hawaiian Islands. Hawaii’s net metering program was highly successful, and instrumental in fostering the development of our robust solar industry, which leads the country in per capita installed solar capacity. Today, there is roughly one solar panel (312W) installed per resident in Hawaii, which is seven times higher than the national average, according to a recent report by Environment America.READ MORE >
The National Auto Dealers Association (NADA) notes that auto dealerships face close to $2 billion in energy costs annually, their third highest operating expense. Many dealerships and auto manufacturers like Honda, Toyota and Ford are investing in a variety of energy upgrades like solar energy, efficient LED lighting, and electric vehicle charging stations.READ MORE >
One of the biggest challenges facing supermarket proprietors is managing and controlling operational costs. Although labor makes up the biggest portion of those costs, energy use is the next largest expense item. According to an Xcel Energy report, energy accounts for 15% of a supermarket’s operating budget. Refrigeration and lighting consume the most electricity in supermarkets, with air and water heating, ventilation, and air conditioning also adding a significant amount to the monthly bill.READ MORE >
An ever-growing number of U.S. farmers and agribusiness owners have decided to integrate solar power systems into their operations. This movement has been fueled by a combination of factors, including significant price drops in solar installations; subsidies and other incentives available at the local, state and national levels; attractive financing options; and a general awareness of the long-term cost saving and sustainability benefits of producing your own energy.READ MORE >
It used to be that Puerto Rico’s high utility rates were accepted as the cost of doing business on an island dependent on imported oil for electricity generation. But as solar energy prices have fallen, Puerto Rican businesses now have a way to significantly reduce their PREPA electric bills for 20 years—or longer—by installing a solar PV system. A great example of a Puerto Rico business saving with solar is Ballester Hermanos. This food, wine & spirits distributor, established in 1914, had been paying nearly $72,000 a month in utility charges.READ MORE >
We are very excited to announce that as of February 6, 2015, REC Solar and Duke Energy, the nation’s largest electric power holding company, have partnered to bring you more affordable, simple solar solutions for your business. Together we have launched a $225 Million project investment fund to finance solar projects nationwide. This enables REC Solar to be a one-stop source for Engineering, Procurement, Construction AND Financing of your solar projects.
REC Solar is now in a strategic position to own and operate commercial solar energy systems, selling energy to business, non-profit and government organizations throughout the United States.READ MORE >
Although the 30% business investment tax credit (ITC) for installing solar expires at the end of 2016, the window for taking advantage of the ITC is actually much sooner. Unless Congress extends the ITC—which is an open question at this time—business owners should begin planning now for solar projects to be completed by the end of 2016. Combined with lower costs than ever before, businesses are seeing a perfect storm of conditions that make now an ideal time to go solar.
You might think that 2 years is a long time to pull the trigger on going solar, but like any large commercial or industrial upgrade, solar projects can take 1 to 2 years to complete and go online. Here’s why:READ MORE >
When a retail store, winery, or factory thinks about going solar, they often finance through a solar power purchase agreement (solar PPA). Both allow your business to go solar with no up front costs. But if you’re in California, there’s new way to finance solar with no upfront cost, and it’s called Property Assessed Clean Energy or “PACE.”
PACE is a win-win for both the business that wants to go solar and the PACE lender. It’s a win for the business because it can own a solar system with no upfront costs, get free electricity for 20 years, plus receive any available solar rebates and tax incentives. It’s a win for the lender because the PACE loan is paid back through a special tax assessment on the business’s property, which makes the loan extremely secure, even from bankruptcy.READ MORE >
Here’s a rundown of all that’s happening at REC Solar’s Booth 850 at Solar Power International, as well as other events at the show.
Tuesday, October 21 – Thursday October 23
Just like the solar business, trade shows can be both exciting and intense, but REC Solar has you covered.
- Relax with REC Solar. From finance to construction, you’re in great hands with REC Solar… so stop by Booth 850 and enjoy a free 5 to 7 minute chair massage on us!