Reduce Your Carbon Footprint in the New Year

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Reduce Your Carbon Footprint in the New Year

With the start of the New Year, you might be looking into clean, renewable energy, and reducing your company’s carbon footprint. There have been some recent changes that we wanted to bring to your attention.

Congress recently announced their plans to extend federal solar and wind energy tax credits in an effort to generate 50% of our nation’s electricity from clean energy sources by the year 2030. By doing so, we can reduce our oil dependency, help combat climate change and increase national security. So what are you waiting for?  Now is the perfect time to take that step and invite clean energy into your business!

According to business groups and analysts, the extensions will support tens of billions of dollars in new investments as well as hundreds of thousands of new jobs throughout the United States. 2015 was a huge year for solar adoption in the United States, and with this push from Congress it’s exciting to see the continued growth in 2016.

Solar energy is becoming more of a standard features in both business environments and in residential thanks to the continued support of the green energy movement. The cost of solar energy have fallen more than 20% in the past year and nearly 80% over the past five years. Solar energy is a constant that we can rely on and never fear the roller coaster effect of pricing that we have grown accustomed to with the oil industry. The Wall Street Journal says it best in a recent article when they say, “solar energy is the future; you can’t stop it.”

In a past blog, we focused on how the falling oil prices can effect clean, renewable energy. Many people were worried the dropping oil prices would be a threat to the entire clean energy economy, however that is not the case. In reality, the lower oil prices have almost no impact on solar or wind energy. Nothing to worry about, just rejoice as you fill up your vehicle for a fraction of the cost!

Recycle_puzzleTo help you get the most of your clean energy investment, our local stock includes a complete offering of products designed to reduce energy consumption and save you money. We carry products ranging from efficient lighting, motors, controls, variable frequency drives, vehicle charging stations, solar, energy management systems, recycling, wind, green data centers and much more!

Solar_WebHeader

You can learn more about our entire clean energy solutions HERE.  Interested in learning more or getting your business on the right track to reduce your carbon footprint in 2016? Give your account manager a call today or contact us HERE.

 

Sources: https://www.greentechmedia.com/articles/read/breaking-house-passes-1.1-trillion-spending-bill-with-renewable-energy-tax

http://www.bizjournals.com/portland/blog/sbo/2015/12/wind-and-renewables-are-key-to-reducing-carbon.html

http://www.altenergymag.com/news/2016/01/04/solar-tax-credits-continue-long-live-solar/22469/

http://www.wsj.com/articles/solar-energy-is-the-future-you-cant-stop-it-1451858152


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Solar Rebates: Renewable Energy for Missouri

French Gerleman prides itself in offering the latest and most accurate information regarding automation and electrical needs to its customers. In doing this, we have made it our goal to become well versed with three major electrical utility companies in Missouri: Ameren Missouri, KCP&L and Empire Electric (Joplin, MO).

All of these work with their customers to ensure the best quality utility resources as well as meeting their electrical needs. The most recent electrical industry trend is renewable energy, particularly solar power.

Benefits of utilizing renewable energy in your home and business

In 2008, Missourians voted to begin the Missouri Renewable Energy Standard (RES), otherwise known as Proposition C. This requires that utility companies gradually phase in electricity generated by renewable energy sources such as solar, wind, biomass and hydropower. This began with at least 2% of the energy sold coming from renewable sources in 2011, leading to the projected 15% of the energy sold by 2020.

Ameren Missouri and KCP&L became the first Missouri utilities to start crediting rebates to its customers. This process didn’t actually start until the year 2013. By law, these energy providers were required to meet a percentage of their sales with renewable sources (2%), from the time the Renewable Energy Standard passed until they had reached their “cap” of 15%.

What does this mean for solar energy customers?

With a steady decrease in dollar per watt solar rebate, customers are urged to submit the Completion Requirements Application by the deadlines listed below to qualify for a rebate.

Solar Rebate

There is also a Federal Tax Credit of 30% available based on the total cost of the installed solar system. This credit is available for both commercial and residential systems installed prior to December 31, 2016.

After December 31, 2016, there will no longer be a Federal tax credit available for residential systems. Commercial systems reduce to a 10% tax credit.

Based on Empire Electric’s calculations ($1 per watt), the average residential unit would be 5 kW and the customer’s cost of installation would be around $15,000. The advertised rebate would cover $5,000 of the original cost ($1 x 5,000 watts, 1kW= 1,000 watts) and if the customer was to apply for the Federal Tax Credit, 30% of the total cost of installation, $4,500, would be credited as well.

Where can you find more information and stay up-to-date on the latest in Solar Energy News?

KCP&L at $50 million, has already reached its cap on solar rebates for their customers and provide a detailed chart for your convenience on their website.

Ameren Missouri at $91.9 million, has also reached their cap on solar rebates for their customers.

Empire Electric, in Joplin, is now giving rebates to their customers. You may still have time to apply for the rebate program. Their cap is estimated to be anywhere between $4 and $5 million, so the sooner you apply the better!

Solar panels on the roof of a building

Ready to go green with solar?

Are you interested in solar for your home or business?  Contact our Clean Energy team by completing this web form or calling 1-800-333-3122, ext. 5958.  You can also visit our Solar Solutions webpage for additional information.


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What Do Falling Oil Prices Mean for Clean, Renewable Energy?

Most people see the falling oil prices and celebrate the fact that they aren’t breaking the bank just to fill their gas tank. But others see the dropping oil prices as a threat to the entire clean energy economy. What the public believes is that the price of oil represents the price of energy. This is where people are mistaken; the price of oil does not dictate the price of all energy. In reality, they have very little in common.

In the past, these lower oil prices have caused the renewable energy market to panic. Why do the clean energy companies seem to be unbothered by the current drop in oil prices? The number one reason is that energy markets dynamics have altered greatly in the 21st century. When it comes to electricity, renewable energy and oil hardly mix. Diesel and similar fuels account for only 5% of global power, compared to 24% in 1973. In the United States, diesel only makes up 1%!

As you can see, the lower oil prices have almost no impact on solar or wind energy. The price of oil has almost nothing to with the future demand. For example, solar energy can be priced significantly lower than diesel electricity. The price of a barrel of oil would have to drop dramatically to come close to what you can get with solar energy. One excellent way to look at it is this: solar energy is basically free. Solar energy provides a major advantage over diesel, natural gas and coal because fossil fuel prices have proven to fluctuate so greatly over time. The oil market is a constant roller coaster; the price will drop significantly just to go up again. Clean, renewable energy has consistently dropped and is projected to continue this growth, unlike the unpredictable oil industry.

Now for some cold, hard facts. Solar energy costs have fallen 20% in the past year and 80% over the past five years.  Wind energy costs have dropped 15% in the last year and 60% over the past five. The drop in oil costs have people believing that clean, renewable energy must be struggling, but in reality they are proving how they have withstood the test of time and the unstable oil market.

Never fear, clean, renewable energy is here to stay! Are you interested in taking the next step to make your company energy efficient? Give us a call, we look forward to creating a plan designed to reduce energy consumption and save your company money.

 

Source material: http://www.forbes.com/sites/edfenergyexchange/2015/01/05/why-falling-oil-prices-dont-hurt-demand-for-renewable-energy/

http://www.carbonbrief.org/blog/2015/01/what-falling-oil-prices-may-mean-for-the-future-of-renewable-energy-investment/

http://www.economist.com/news/special-report/21639014-thanks-better-technology-and-improved-efficiency-energy-becoming-cleaner-and-more

https://www.americanexpress.com/us/small-business/openforum/articles/lower-oil-prices-mean-bad-business-clean-energy-economy/

http://www.theguardian.com/sustainable-business/2014/nov/10/crude-oil-texas-renewable-energy-solar-biomass