Posts

What Will Be The Economic Drivers Of Solar Energy In This Decade?

Image
  Probably the biggest economic driver of solar energy this coming decade is the importance of mitigating the dangerous global effects of CO2 emissions. There is a general understanding that there is an increasingly high degree of need to move away from fossil fuels and towards cleaner and more renewable energy sources. Detrimental symptoms of climate change such as extreme weather, fires, and floods can have a devastating human and economic impact. With every year, it only becomes more clear that it is simply not viable financially, and on a human level, to continue experiencing these destructive and costly problems at the magnitude we have been. The negative health and infrastructure impacts of pollution and other climate change elements are becoming such an issue on the global scale, that financial institutions now have to factor “climate risk” into their financial designs. Not to mention the staggering humanitarian impact of climate change disasters. Solar distribution companies  w

Get “Safe Harbor” on Your Solar Projects for 2020

Image
If you’ve ever been thinking of making the investment to switching to solar energy, sooner really is better than later. Though making the switch to more environmental energy sources has always had great ecological advantages, there is an extra financial incentive to making the switch now. Read on to find out if your business could potentially benefit from the   Solar Federal Tax Credit 2020 . A federal spending bill approved by congress in 2015 has been helping to make solar energy more financially accessible since 2016, by allowing owners of new residential and commercial solar energy systems to deduct a portion of their installation cost from their federal taxes. This investment tax credit for solar power currently allows for 26 percent of installation costs to be deducted from one’s taxes. However, this percentage will be dropping to 22 percent in 2021 for new residential and commercial solar systems. Further still, this deduction will fall to a mere 10% in 2022, and will only apply