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Posts Tagged ‘photovoltaic system’

Corporate Giants Moving Towards Solar

Posted on: June 6th, 2014 No Comments

In the past few years, we have seen a large movement towards solar renewable energy to  power our homes, cars, and business buildings in a clean, sustainable way.

Utilizing the almost unlimited source of solar energy will help us be less reliant on popular fossil fuel resources like crude oil and natural gas. These resources are not unlimited and can cause a negative effect to our environment.

New photovoltaic (solar) capacity (the amount of energy solar panels can absorb and store) jumped 41% last year, compared to 2012. This is a great advancement in solar technology, and because of this, solar energy is now the 2nd largest source electricity, after natural gas.

Corporate giants have caught on to this information, and big brands are now utilizing solar panels on their corporate and retail offices to lower utility bills, use cleaner energy, and also become an ambassador to help lead the whole world into a cleaner, sustainable future.

Wal-Mart has vowed to double the number of solar energy projects at its stores nationwide (including Sam’s Clubs) and distribution centers by 2020.

Walmart Solar
Image by EcoFriend

Apple is pledging to power 100% of its facilities with green energy, and already uses 100% renewable power at its data centers. Their new 2.8 million-square-foot headquarters in Cupertino, California will also feature mammoth-size rooftop solar arrays.

Apple Solar Farm
Image by Techno Buffalo

Google is allowing its audience to participate in the solar movement, by creating a contest with a $1 million prize, to develop the next generation of power inverters to bring solar to more U.S. homes.

Even President Obama is helping increase the awareness of solar energy usage, by installing new solar panels on the White House to boost energy efficiency and renewable power.

Solar White House
Image by InHabitat

Other big brands like Kohls, Staples, and Whole Foods have made commitments to use renewable solar power for their locations.

The thing to take away from the corporate giants making moves towards solar energy, is that they recognize the eventual major shift towards the usage of clean solar power. Corporate giants are demonstrating their commitment to clean sustainable energy, through the incorporation of solar energy in their business models.

They are generating awareness of a new business model for power generation which positively affects their bottom line and showcases the ability of business to become environmentally conscious.

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Another Reason To Go Solar

Posted on: May 16th, 2014 No Comments

The benefits of using solar energy to power your home have become more exciting as more case studies of homeowners and businesses are published, where it outlines their initial cost compared to how much they will save in the long run.

Residents in Massachusetts have been one of the top states taking advantage of solar energy, where 7 out of 10 homeowners in the state recognize that solar is the best investment compared to purchasing a new car or making home renovations.

Their top 3 reasons to take advantage of solar included:

  1. The lower energy costs.
  2. Benefits to the environment.
  3. The long-term value of utilizing solar energy.

According to the most recent Geostellar Quarterly Index, in a solar photovoltaic (PV) system is highly profitable, and tops many other investment strategies.

The most common major investments made by people are cars and homes.

A car is a good asset because it provides you freedom of mobility, but it also depreciates in value, never appreciating unless its a collectors item.

A home is also a great investment, providing a roof for you and your family, but it doesn’t provide a high rate of return.

Making home renovations can only improve the value of your home sometimes, but it’s not always a guarantee.

Most people today install solar to save money, they don’t think about the return on investment aspect. Did you know that installing solar on your home can immediately increase the value of your home, and also produce no-maintenance costs?

Besides buying a home and a car, lets look one of the next most popular methods homeowners put their money to get a good return, the financial marketplace. The S&P 500 is a benchmark to see on average what your return should be. The last 10 years average return was 7.73%, which definitely beats putting your money in a savings account.

While 7.73% is a good conservative return on your investment, homeowners in several U.S. states have seen returns much greater than that on their investment in solar, lets take a look at a few.

These returns on investment in solar are based on a 25-year lifespan of the solar panels, increased efficiencies in the panels and incentives offer by individual states.

With the concrete data outlined in this article, and more case studies coming out regularly, it is providing homeowners with solid evidence that solar panel installation on their homes is a better investment than buying a car, making home renovations, and investing in the financial marketplace.

Call us today at 877-IGT-SOLR to get more information on how you can make a great investment by installing solar panels on your home, and lowering your monthly energy bill.

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