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Solar Economics
The old adage: ‘solar can’t compete’ with
utilities is no longer true.
Reducing consumption, introducing efficiency measures, and
installing solar energy systems can protect your business
against rising fuel and electricity prices.
Some primary variables affecting solar economics are:
- Location relative to the solar orientation, property and building configuration;
- Grants, Rebates, and Incentives including:
- Federal tax credits
- State-sponsored incentives, grants, and rebates
(such as Wisconsin’s Focus on Energy Program)
- Local power company as some utilities (but not all) offer very attractive Financial incentives for solar upgrades.
- Many other financial incentive programs depending on the state, the local power company, and other factors.
Your Sand Creek Solar design professional can go over the specific economic factors and incentives available for your locations.
Solar System Pay-Back Periods which used to be in excess of 20 years can now be reduced to less than 7 years for many systems when the proper financial mechanisms are applied.
Income may be generated by
grid-tied photovoltaic systems selling excess power
back to the utility company. Revenue projections are part of
the economic evaluation provided by SCS.
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