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SOLAR INCENTIVES DRIVE BUSINESSES GREEN
With current rebates and increasing energy prices, its no wonder businesses are jumping on pv solar systems. Strobist HQ, a company in Maryland, recently installed a photovoltaic solar system. Unfortunately for the company, they have enough roofspace to off-set only half of their electricity with photovoltaics. After being on the fence for going solar, four factors pushed them over: the federal tax credit, maryland state rebate, property tax rebate, and the ability to sell renewable energy credits. After looking at the total cost of the system, which with the rebates would knock off 70% of the cost, not going solar would be a terrible idea. With this investment, they have locked in half of their energy costs for the next 30 years and have provided the building with renewable electricity for the next few centuries. Solar panels lose their rated performance after 30-35 years, but will continue to generate electricity for centuries.
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