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Tax Credits for Energy Storage System in US !!

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For six consecutive years at a stretch, solar has been one of the top two sources of generating electricity in the U.S. During the first week of April this year, the democratic nation witnessed a new strategy to add energy storage system in the list of technologies eligible for the federal Investment Tax Credit (ITC). Introduced by Mike Doyle, its goal is to extend the same 30 percent ITC offered to solar PV systems to batteries and other electric storage systems in the commercial, residential and utility-scale energy storage sectors. The federal solar tax credit, also known as the investment tax credit (ITC) is one of the best financial incentives for solar in the US, allowing consumer to deduct 30% from the entire cost of a solar energy system, from their federal taxes. According to the SEIA 2019 reports, 2018 has bounced back with a residential market growth of 7%, wherein the non residential solar installations saw an annual decline of 8%. The federal tax credit can also...

Floating Solar Panels are in the News

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The bizarre fusion of water and electricity may gain a lot of attention this year as the world’s latest innovation is set to sail throughout. Floating solar, a relatively new concept was first heard in 2008 when the first patent of this technology was signed. Since then, the world has seen a flourishing growth in its installation. The demand for clean electricity, especially the one generated using a renewable energy source is on the rise. However, many countries are failing to suffice with the amount of land these installations require. Hence, the increasing demand for ‘floating solar installations’ comes into action. What Is It? Floating solar, also known as floating photovoltaic (FPV), is any sort of solar array that floats on top of a water body, typically an artificial basin or a lake. The “floatovoltaics” as referred to by some, are a promising revolution towards the path of sustainable energy. The technology has blossomed gradually since a decade ago from Californi...

How Solar Panels Produce Electricity?

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In the recent past,  solar energy  has gained momentum around the world as most countries have already shifted their focus from mainstream energy production to the renewable one. In USA, homeowners are starting to look at solar as a viable alternative energy solution as the cost of solar energy has plummeted alongside major improvements in technical efficiencies and manufacturing quality. The most common and important element to produce electricity through solar is nothing but a solar panel. However, we all may have found many such panels installed in our home or offices, however, we are not aware of how these panels work. Using photovoltaic cells,  solar panels  produce electricity. These cells are sandwiched between semi-conducting materials, such as silicon but it can also be glass or polymer resin with different electronic properties to create an electric field. The semiconducting materials energize, when photons or sunlight hit the panels. This photoelectr...

Solar Farms- the next big thing in Solar Space

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Solar farms are considered as the large-scale application of solar photovoltaic (PV) panels to generate green, clean electricity at scale, usually to feed into the grid. A solar farm also termed as solar parks or solar fields can cover anything between 1 acre and 100 acres, and are usually developed in rural areas. Usually, $3 million is expected to be spent on developing a one-megawatt solar farm if it is a larger one or approximately $500,000 per acre. We need to mention that solar farms that produce less than one megawatt of power usually cannot justify the cost of development.  In 2018, 11.2 GW of new utility-scale projects has been announced in the United States. If reports are to be believed, in recent times, power companies are shying away from ‘traditional’ power plants that burn coal and oil and instead building massive fields full of solar panels. Experts believe that solar is one of the cleanest and most abundant energy resources on the earth, and if we take just a...

Find the Best Angle for Your Solar Panel

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Solar panels   are the key component if you wish to generate electricity through  solar energy . However, installing solar panels is not an easy task as this involves a lot of instructions to be followed. When the sunlight hits the surface, solar panels produce electricity; and when the sunlight is perpendicular to the panel face, panels can produce the maximum energy. The best angle is, therefore, is the one that allows the panels to get the most direct and perpendicular light. During the summer, the sun is in a higher position and in lower position during the winter, so it has an average position right in between the two seasons. the same angle as the latitude of your home, by tilting your solar panels, you ensure that you will get the maximum average output from your solar system throughout the year. To maximize energy production, the right angle of your solar array is important. the best angle at which you should install solar panels will change depending on your l...

Five Ways to Harness Solar Energy

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Solar panels  and solar-powered devices were simply too expensive for the amount of power they generated for a very long time. However,  solar technology  has improved very rapidly and now this has become more efficient and less expensive. You can use solar power to light your home, cook your food, charge your devices, heat up water, and more by spending only a few dollars. The availability and easy access of solar has made this a popular choice of energy resource. Solar can also be used in several other ways. Here, we will cover five different products that don’t require any electricity but only harnesses solar energy. these products can be used in a survival situation or for general outdoor use such as camping and hiking; however, you can also use these in your daily life as well. Mini Portable Solar Oven In a grid down situation, a portable fan is a great thing to build a fire and roast food over it. You need nothing but enough sun to cook anything you want....

New York’s New Green Deal to Double Solar Power

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As New York State is moving towards the  green energy  after Governor Andrew Cuomo’s proposed deal, the state is expected to double its  solar power  production in the coming years. The governor had a proposal for 100%  Clean Energy  by 2040 and with the green deal he is following up with details on the path to get there. Experts opined that after the culmination of the said deal by 2025, New York will be able to distribute approximate 6GW  solar energy , which is much higher than its current distribution of 3GW. The New Green Deal concept has been championed by the first term U.S. Representative Alexandria Ocasio-Cortez, and this is an expression of the larger political climate that surrounds wind and  solar power  in the United States. Governor Cumo in his far-ranging 2019 State of the State presentation summarized clearly the past positions related to energy and has added future goals. Termed as a ‘globally unprecedente...