Thursday, April 12, 2012

Making Money With Solar

Add value to your property by installing a solar array.  Making money with solar power is entirely possible when you own the array and receive the renewable energy credits, and factor the cost savings from generating your own power - reducing your need to purchase that power from the utility grid.  The average return on investment is 5 to 7 years depending on your current cost of power without subsidies and with state subsidies even faster as early as 3 to 4 years with state subsidies.  Solar energy is one of the only investments that guarantees the owners a double digit return on their investment, and pools of PPA (power purchase agreements) are going to be hitting the market soon if they are not already on the market (much like mortgage backed sercurities hit the market).  Solar energy puts the owners of arrays in a profit center as owners of a power plant generating power that allows any host site that has sun exposure to sell the power at the public standard offered service rate which has largely been a monopoly by utility companies and wholesale suppliers who now face competition from clean renewable sources.  Maryland moved one step closer to mandating that 2% of all power in the state come from renewable sources by the year 2020 instead of 2022 (which passed in the state senate 37-9).  Germany already pulls in 3% of their power from solar systems currently and plans to get to 25% by 2050.  They are so far north that even they can harness the sun.  There is an abundance of solar energy that can be harnessed from daylight no matter where on the planet you reside, and there are breakthroughs occuring in technology that make hydro or solar the perfect option for small and medium commercial enterprises to turn their buildings, or open spaces and fixed facilities into profit centers with solar arrays or other renewable power station sources that can benefit with subsidies. 
For more information on your power choices and savings or financing options, call Raj Dwivedi at 301-892-0207 or reach him at for objective evaluation of your solar energy system engineering and design or your contractor's capabilities. 

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