Solar Energy in the Midwest

Posts tagged ‘ROI’

Belgium Plans to Build Island to Store Excess Wind Energy | Renewable Energy News Article

Belgium Plans to Build Island to Store Excess Wind Energy | Renewable Energy News Article. By Renewable Energy World Editors
January 21, 2013

Government officials are confident that the island will solve intermittency issues that commonly occur in renewable energy production, such as wind and solar. The island will use a pumped-hydro system to store excess wind energy generated during off-peak hours, which will then be used to help satisfy the demand during hours when the wind isn’t blowing….

….”We have a lot of energy from the windmills and sometimes it just gets lost because there isn’t enough demand for the electricity,” said a spokeswoman for Belgium’s North Sea minister Johan Vande Lanotte to Reuters. Vande Lanotte revealed the plans last week during a presentation at the Belgian port of Zeebrugge.

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A Letter from our CEO – Donna Napolitano

Energy, who has it? Who wants it? Who can own it?

In these days of economic uncertainty one thing is certain is our unquenchable thirst for more energy, a valued precious commodity that is not only in demand, but growing more precious every day.  Our life is built around the need for power from the moment we awake to the radio in the morning and step into the heated bedroom floor that warms our feet, to walking into the kitchen to grab a steaming cup of coffee set to be ready the night before, and that is just the first few minutes of our day.  Let’s face it; running our daily life is built around the need for power.  It is the one thing that brings us our secure life style, allows us to communicate, manage our household, our business, our social contacts, and our American life style every day.  Who has it? Who wants it?  Who can own it?  You can!

Since the day Thomas Edison invented the use of electricity with the light bulb, we have been on a journey to bring energy to our lives in a clean, reliable, cost-effective manner.  Available now is the technology to harness the power of the sun, the inexhaustible fusion plant, for use in our homes, businesses and everyday life.  Solar panels convert those light waves into usable energy sent through the power lines to our home or business.  By installing solar panels, you now can invest in our own energy plant and curtail the raising cost of energy in the future.

The dollars you sent to the utility company month after month and will never see again can now be directed to financing vehicles that allow you to invest in our own energy plant.  Think about it, where can you put your money today in a secure investment that grows at 8% – 15% a year, has a ROI of 8-10 years, and will actually pay you thousands over the life of the product, 25-30 years.  To make the pot even sweeter, Federal tax credits are available for investors at 30% of the entire investment until December 31, 2016.  Another opportunity is the production of REC (renewable energy credits), traded on the open market can add an income to your portfolio of $200 – $800 per kWh.  With many more states jumping on the band wagon to boost use of renewable energy they offer the options to purchase your REC’s and add them to their portfolio.

Many investors are holding on to their dollars or capital, unsure where to invest to guard against loss. This investment can offer you stability and put you in control as you monitor your energy usage and patterns and accumulate credits on your utility bill.  Spinning the dial backwards on your energy meter can bring a smile to your face.

Solar is one of the only products that I have heard potential buyers ask “What is the ROI” (return on investment).  Take a look around your home, what have you invested in that will pay you back in the next ten years? Surely not the new big screen TV, Bose surround speaker system, refrigerator, granite counter tops, or the new car in the driveway, in many cases these items will no longer operate and be long gone.  Solar is one of the only products you can purchase that appreciates over time as energy prices rise.    This investment will also add value to your home.  Fanny May and Freddie Mack have released statements that support investment in solar will add value to your home.  The installation of even a small system of     3 kW (3,000 watts) will add approximately $16,500.00 to the value of your house.  Compare 2 houses side-by-side, both have the same square footage, style, and design.  One has a solar system and no or low energy bills and the other pays high ever rising energy cost each month increasing your monthly operating cost, what would your choice be?

May I suggest you look to the clean, renewable, energy for your power?

As our demand for power grows and the resources of coal, nuclear, and oil release their toxic fuses and deplete our natural resources, a clean solution is at hand.  You may be the first one on your block to move forward with solar power, but you could be an example for energy independence with cash in your wallet and a positive influence on our children’s future.  – Donna Napolitano

 

Solar power advocates challenging proposed ‘standby’ charge by Dominion Virginia | The Republic

Solar power advocates challenging proposed ‘standby’ charge by Dominion Virginia | The Republic.

RICHMOND, Va. — Solar power advocates are challenging a residential charge proposed by Dominion Virginia Power they contend would create disincentives for a renewable energy source that is already lagging in the state.

The so-called standby charge would apply to large-scale residential solar customers when their thermal panels are not generating enough electricity, typically at night. The General Assembly approved legislation that allows the standby charge for residential solar generation systems ranging from 10 kilowatt hours to 20 kilowatt hours.

The State Corporation Commission is scheduled to hear the case Thursday. Regulators typically do not immediately rule on cases.

The Solar Industries Association, which represents the interests of manufacturers, installers and suppliers of solar systems, said Dominion’s proposal is flawed, would be punitive for the small number of Virginians who rely on solar power and would discourage further investments in the renewable energy source. To read full article click on title

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