One major advantage for solar power is that many solar techniques and technologies work almost anywhere and can be readily installed on homes and businesses in our region today. For example, passive solar emphasizes the design and orientation of buildings to take advantage of the sun’s energy for heating, cooling, and natural lighting. Solar hot water is an inexpensive low-tech option that uses the sun’s rays to heat water for building use. And solar photovoltaic panels (PV) convert sunlight into electricity.
These technologies use mirrors or lenses to focus sunlight on either a central point or a tube filled with liquid that turns into vapor, which drives a generator to produce electricity. One downside to solar power is that some solar technologies are still expensive compared to fossil fuels and other renewable energy technologies like wind power, hydroelectric power and geothermal power.
The upside, however, is that costs of development and financing options are changing quickly, making solar technologies increasingly cost-effective. Additionally, new technologies like thin-film and concentrating photovoltaics are driving costs down.
About 40 percent of the energy consumed in the United States goes to heat, light and cool our buildings. Using energy more wisely makes sense for you and the environment. Smarter energy use helps the environment, keeps your single or multi-family home more comfortable and healthy, and saves money. From the local to the national level, more and more attention is focused on sustainability, clean air, and lowering greenhouse gases. As regulations become more stringent, new markets are emerging such as the green power market that enables trading of Renewable Energy Credits (RECs).
Solar Industry and business has grow up 40% in the past year in the america and it will speed up in the furture.
Here are some information for installation Solar product with residential and commercial rebates for Fedral and our local state government.
Residential Solar Rebates:
Federal Tax Credit: 30% cost of system
State of New Jersey: $1.75 per watt installed up to 10,000 watts with an energy audit.
Commercial Solar Rebates:
Federal Tax Grant: 30% cost of system
State of New Jersey: $1 per watt installed up to 50,000 watts
Equipment Depreciation: 5 Years accelerated
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