First, of course, do those energy efficiency tricks that cost very little: smart thermostats, caulk windows and cracks, and improve your insulation. Your favorite power company will do an energy audit so you can get a check list of things to do. The typical building can save 15% to 25% on simple and cheap energy savings. Monitor usage, because the biggest culprit may be humans with bad energy usage habits. Insulation in the attic could have a 3 to 4 year payback and reduce your electric bill by 15 to 25%. Now with the lower energy usage, you should consider adding Solar.
Solar can be a Good investment in many cases, like Residential. But it can be a Crazy Profitable investment for Businesses. The renewable investment tax credits (ITCs) drop down again at the end of 2020, so now is a great time to think about it.*
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Residential Solar |
- Quick Take on Residential Solar: Solar Invest 2020: Do Good and Save Money Too
- Full Financial Analysis: SolarInvest2020: Residential Solar is Good, but Commercial Solar can be Crazy Profitable!
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Commercial |
About BizMan (Elmer Hall) & Strategic Business Planning Company. Elmer Hall has a Doctorate in International Business Administration and is an adjunct Professor of Business. He is President of Strategic Business Planning Company, a company that does business plans, especially plans that focus on intellectual property and sustainability. Look for Hall’s Perpetual Innovation™ line of books for innovators and inventors. Website: SBPlan.com Blog: SustainZine.com
* Update: As of January 2021 the ITC has been extended at 26% for 2021 and 2022. See Discussion at SEIA.
The Solar Power is considered as the new energy for us and it is green power for the environment. We should encourage more people using it in the life.
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Solar Las Vegas