Solar Makes Great Business Sense

There are many reasons why Solar makes great business sense. Learn about the incentives, benefits along with all the other reasons why solar makes great business sense.

Why Going with Solar Power makes Good Business Sense

The following companies have all invested in solar energy:

Costco, The Gap, FedEx, Staples, Frito-Lay, Macy’s, BJ’s Wholesale, Toyota Motor Sales USA, Target, Kohl’s, Google, Whole Foods, Wal-Mart, Kettle Foods, and many more organization have implemented solar energy.

Many small and mid-size businesses are going solar. The worldwide market for photovoltaics (PV) grew over 60% in 2007, adding to a 20% growth in 2006. Many investors are optimistic about the future of PV manufacturers.  In 2007, the Cleantech Group’s Cleantech Index saw a gain of almost 43%, whereas the S&P 500 returned a modest 5.5%.

Peak Shaving

Large buildings may be subject to something called a Peak Use Charge. This occurs because electricity is more expensive during the hours in which it is in most demand. Fortunately, PV systems generally create more power at the times of day when the demand for power is at its peak. In the energy industry, this is called peak shaving, it limits a building load during peak hours.

The first solution for these challenges is called dispatchable peak-shaving which uses a battery system to store PV energy during off-peak hours for use when demand and prices rise.                                                                 

The second solution is the installation of a solar load controller which automatically adjusts electrical loads within the structure to a lower energy output level.

Price Hedging

A PV system can help to eliminate price fluctuation in regard to your electrical needs and increase your ability to predict future energy expenses. Power Purchas Agreements (PPAs) offer a legitimate method of establishing consistently priced energy while providing clean, low-carbon electricity.

Regulatory Curve