Solar is Good for Business

Solar installations have soared in recent years, with large businesses leading the way. As of 2016, some of the top corporate businesses have installed over 1 GW of solar which generates enough electricity to power 193,000 homes. Typically, when a small business owner reads about Fortune 500 companies installing solar at a large capacity, he or she may assume it’s unattainable from a financial standpoint. This way of thinking is a bit outdated — commercial solar isn’t just for corporations anymore. Businesses of all sizes are now seeking solar as a convenient way to green their operations while reducing their expenses.

Here are some key benefits of solar energy that business owners should consider:

Reduction in Operating Costs

According to marketplace data, commercial property owners can save up to 75% each month by installing a system. Going solar will nearly eliminate your electric bill, and you’ll pay able to sell credits back to the utility company if your system overproduces.

Return on Investment

Not only will you reduce your overall operational expenses month to month, but with the initial upfront investment your business will then receive:

· 30% federal tax credit

· Depreciation allowance deducting up to 85% of the asset from your taxes

· Additional state incentives (which vary by location)

· A potential increase in the value of your commercial property

These perks help Momentum Solar commercial customers receive a return on investment in under 3 years. It makes a lot of sense from a financial standpoint and will help put more money back into your business.

Worry-free maintenance

After the system is installed and activated, there will be little to no maintenance needed. All solar agreements come with complimentary maintenance and 24/7 monitoring so that we can identify and repair any system issues should they arise.

Corporate Social Responsibility

“Greening” your company not only helps you save a decent amount of money, but it’s also a great marketing tool as you are showing that you are conscious of how your operating impact the world around you. As a business owner, being environmentally responsible by generating energy efficiently sends a great message to your customers. To put it in perspective, Momentum Solar is projected to be annualizing around 40 MW of solar installed this year, which is equivalent to:

· Recycling 10,705 tons of waste

· Planting 276,338 trees

· Saving 3.2M gallons of oil

· Offsetting 17,998 tons of coal

Ultimately, solar should be considered by any business. Momentum is here to help you implement greener business operations that help benefit society. Visit http://momentumsolar.com/momentum-for-business/ for more information.

Solar is now the cheapest form of electricity

New year, better energy: According to multiple news reports from data collected over the previous year, solar power is officially the cheapest form of electricity worldwide, which is great news for the environment today and for future generations.

According to Bloomberg, the cost of solar in 58 “emerging market economies” has dropped about 1/3 since 2010, and it is outperforming coal and gas. That said, it’s expected that within the next decade, fossil fuels for electricity will reach its’ peak and start a decline, while solar continues to climb — with a projection that 68% of new electricity capacity will be generated from the Sun within 25 years.

Solar, wind and natural gas will make up the majority of new capacity “additions” to electricity usage for the foreseeable future, a reason being that it’s not only very expensive to build new fossil fuel plants but that they are pricey to maintain. In fact, in many places, the entire lifetime of installing and using wind and solar is still less than just the cost of building fossil fuel plants — and by as early as 2027, the cost of building wind and solar fields will even often be less expensive than just running current coal and gas generators.

The common myth that “solar power is expensive” is officially debunked with clear data showing exactly the opposite. Not only is it now the world’s cheapest form of electricity, but qualified homeowners and business owners can save money every month when they get a system installed on their roof or property. There are additional incentives available for purchased systems.

What would you do with some extra cash in your pocket? Save up for a new car? Take your family on vacation? Pay down that credit card bill? Maybe within a few years you can finally install the pool in your backyard … the possibilities are endless!

“Green Collar” Solar Jobs Increased 25% This Year

The (very exciting) 2016 solar results are in!

According to the Department of Energy, the solar workforce grew 25% in 2016, adding around 73,000 new jobs. This is at a rate that’s faster than our entire economy, measuring in at 1.45% growth overall for the year. 1 out of 50 new jobs that were created in the US were in solar. Wind power is also on the rise, with 25,000 new jobs created. Over half of the jobs that were created involve, primarily, the installation of residential solar panels and then some involvement with larger arrays which shows that more and more American homeowners and business owners are going solar.

It also shows the rise of “green collar” jobs — which brings “white collar” and “blue collar” workers together — after the recession propelled a decline of manufacturing jobs in other sectors. Solar in particular proved to be a “shining light” in a down economy, seeing steady growth over the last 10 years. HVAC technicians, roofers, electricians and plumbers are strong examples of blue collar workers that can easily transition into a greener industry (with little additional school or training), and work alongside financial managers and salesmen.

Overall, let’s look at the big picture:

How does this solar job growth compare to other fuels within the energy sector? Regarding electric power generation specifically, solar accounted for 43% of the workforce in 2016, while all fossil fuels (coal, gas, and oil energy) only accounted for 22%. While there has been increased use of natural gas, net generation from coal has even seen a steady 53% decline over the last 10 years and solar has expanded 5000% — over 370,000 people work in solar today, while coal, gas and oil combined employ just over 187,000. So it looks like the blue collar workforce, depending on the industry, should continue to transform from “blue” to “green”.

The increase of solar (and wind) is great news for the environment, and further proof that with renewable energy adoption comes cleaner and cleaner air for future generations. Energy innovation has shown to be an integral part of our economic growth as a nation. It’s also hard to say no to solar if you’re a homeowner that’s offered a lower electric bill for no money out of your pocket, or if you’re a business owner who will receive a return on investment within three years by investing in cleaner energy. It makes sense environmentally AND financially, so why not?

Solar is phasing out power plants – Here’s Why

A common misconception about renewable energy is that it’s not affordable. Cost savings is high up on the priority list for the average consumer — especially if it results in a financial agreement. While recognizing the importance of lowering our carbon footprint, it’s only smart to market this ‘greener future’ as an option that homeowners and business owners can benefit from.

With the home solar boom of the last few years, prices have been steadily falling and enabling homeowners to save money while generating cleaner power. Programs like the US Department of Energy’s “SunShot Initiative” have been funding research devoted to lowering the cost of solar-generated electricity, and have been succeeding. (The SunShot goal is $1 per watt installed by 2020).  Government and state incentives have also allowed installation companies to sell solar power systems for no money out-of-pocket. All the customer has to do is pay less for energy, provided that the home or business qualifies.

Let’s backtrack for a moment. The reality is that the US is one of many nations reliant on the current energy structure.  One of the ultimate goals of renewable energy growth is phasing out dirtier energy sources, however, and it’s been reported that it’s even cheaper than maintaining aging nuclear plants. Nuclear power is the dangerous energy of yesterday, and yesterday’s machinery needs consistent upkeep.

October is national energy awareness month

Fastest-growing Privately Held Solar Energy Company in U.S., Momentum Solar Aims to Educate Homeowners and Business Owners on Reducing Carbon Footprint

 (Metuchen, NJ: October 17, 2016) 

In honor of National Energy Awareness MonthMomentum Solar, the nation’s fastest-growing privately held solar company, is doing its part to educate homeowners on the importance of going solar. Many homeowners are not aware of the negative impact their current energysources are having on the environment. The company’s mission revolves around highlighting the environmental and financial benefits that solar panels can provide homeowners and business owners alike. Besides a lower utility bill, implementing a solar energy solution can provide a host of benefits, including a significant reduction of brown energy.

Brown energy is generated from the combustion of conventional fossil fuels, such as oil or coal, and broadly refers to all nonrenewable energy, including nuclear. These resources are the single greatest source of pollution in the U.S., causing large amounts of greenhouse gas emissions and a big contributor to climate change. Green energy refers to electricity produced by renewable sources like solar and wind. With green energy, homeowners and businesses can take advantage of the abundant power that can be found naturally without having to rely on dirty fossil fuels.

“Our goal is to help preserve the planet one home at a time, and that means making the effort to educate homeowners and business owners about the difference between green and brownenergy,” explained Momentum Solar’s CEO Arthur Souritzidis. “When consumers realize that over 87% of the electricity generated in the U.S. is from brown energy, they become more motivated to make positive changes in their homes with alternative energy solutions. Solar poweris converted into clean energy with zero byproduct and no pollution. People are eager to get on board with solar once they understand its year-round savings to their wallet, benefits to home value, and the positive environmental impact.”

New Jersey is one of the friendliest states when it comes to green energy, and is the fourth largest state in terms of solar power adoption with over 260,000 homes using it to eliminate brown energy. While many consumers equate recycling or driving a hybrid car with the best personal contribution for maximum impact on climate change, “going solar is the single most effective approach homeowners can use to reduce their carbon footprint,” added Souritzidis.

Momentum Solar has installed educational kiosks in a Shop Rite supermarket, Menlo Park Mall, and at various networking events in the Garden State to teach consumers about the benefits of clean energy. “We are looking to help New Jersey through clean energy education and want them to understand how accessible it is to homeowners and business owners,” said Souritzidis. “We are installing panels on over 100 New Jersey homes each month, which is a good indication of how eager homeowners are to do their part as green lifestyle ambassadors while remaining responsible consumers.” Momentum Solar installs 40 megawatts (MW) of clean energy annually, which is the equivalent of reducing the brown energyproduced from over 35 million pounds of coal.

Other suggestions for homeowners to reduce their carbon footprint:

  • Enlist a professional to conduct a home energy audit and identify energy waste, especially in difficult-to-access areas like crawl spaces and attics.
  • Caulk and weather strip gaps and cracks in window seals to reduce drafts and lower the amount of heat used
  • Regularly replace air filters on HVAC units or use an air filter whistle to be reminded when filters are clogged.
  • Always unplug gadgets and small appliance chargers.
  • Open curtains during the day to allow the sun to warm your house; close shades at night to help keep in the heat.

About Momentum Solar

Founded in 2009, Momentum Solar is the fastest growing privately held solar energy company in the nation. Headquartered in Metuchen, NJ, Momentum Solar is committed to making solarenergyaffordable and accessible for homeowners and business owners, enabling them to produce their own sustainable energy. Momentum customers enjoy consistent savings on theirenergy bills and the knowledge that they are doing their part to reduce carbon emissions from fossil fuels. Momentum Solar manages the entire customer lifecycle from the initial sale to design, permitting, installation and activation of each system. Momentum Solar currently operates in New Jersey and will soon expand into Long Island, New York.

HOW SOLAR WORKS

You’ve probably started noticing more and more homes with solar panels on the roof. You may have even heard your friends, family and neighbors talk about their experience going solar. If they haven’t, chances are they know someone who has.

What do you usually hear?

Probably the standard benefits: No money out of pocket, free installation, 24/7 maintenance and monitoring, and a lower electric bill. And of course, it’s widely known that solar energy is better for the environment than coal or natural gas.
So what about the science behind solar and how it actually works? We have that covered for you.

There are five basic steps to how your home is powered with solar once the system is activated:

  1. Solar Panels

When sunlight hits your solar panels, it converts the sun’s energy into what’s called Direct Current (DC) electricity and then sent to an inverter. Momentum Solar always uses the most efficient and high-quality solar panel technology.

  1. Power Inverter

Power inverters convert the Direct Current (DC) into usable electricity called Alternating Current (AC).

  1. Electrical Panel

The energy provided by your solar panels is used as needed. Any excess power is sent back into the utility grid.

  1. Net Metering

When your solar panels produce more than you need during the sun’s peak hours, the excess electricity is automatically sent back into the utility grid. The meter actually spins backwards and builds a ‘bank’ of credits with your utility company.

  1. Electric Grid

Power from your utility company is continuously provided to you at night and during the day when the demand exceeds your solar production.

California: the pioneer of solar energy in america

March 10, 2017

California has a lot of “firsts” for solar energy in America, aside from continually being the top state for total solar PV capacity. It shouldn’t come as a surprise that the Golden State is leading the market and has always had more solar energy than anywhere else in the US — the landscape and environmentally friendly mentality that Californians tend to have go hand in hand. They are the true “pioneers” of solar energy throughout all 50 states.

As we all know, the closest star to Earth is the magnificent Sun, and we’ve been utilizing it to improve our quality of life since the beginning of time. It’s been used to tell time, help our crops grow, and in the last two centuries, it’s been harnessed into electricity. Alexandre Edmond Becquerel first discovered that certain materials generate a current when exposed to sunlight in 1839. The PV (photovoltaic – “photo” meaning light, and “voltaic” meaning voltage production) silicon solar cell was patented in 1954 by scientists of Bell Laboratory, which produced electricity as it was exposed to sunlight.

Solar started out as an expensive form of electricity, and slowly became more and more affordable since the 1950s. The game changed after Congress passed the Public Utility Regulatory Policy Act (PURPA) in 1978 which allowed for independent power generators to connect with local utility systems. Then the Energy Tax Act came along the same year, encouraging homeowners to invest in solar and wind through tax credits. Wind turbines started popping up in the windy hills of California and more and more companies started investing in solar.

Here’s a “first”: The following year, in 1979, a Cali-based company called ARCO Solar started building the world’s largest PV manufacturing facility in Camarillo, and they soon became the first company to produce more than 1 MW (megawatt) of modules in just one year. Another “first”: in 1981, Solar One became the first large-scale thermal solar tower, which was designed by the Department of Energy (DOE), Southern California Edison, Los Angeles Department of Water and Power, and the California Energy Commission.

More “firsts”: Later, in 1986, LUZ Solar Energy began construction of the world’s largest solar thermal generator (300 MW of electricity) in the Mojave Desert, and it still operates today in 2017. In 1993, the ball started rolling towards where we are in solar today — the first grid-supported solar system (500 KW) was installed by Pacific Gas & Electric in Kerman, California.

Let’s fast forward to today. California, as we mentioned, has always been the leading solar state and the truth is in the numbers. With 18,296  MW installed throughout the state, there is enough solar energy present to power 4.7 million homes. Let’s put that into perspective: 18,296 MW translates to just under 22 million kilo-watt hours (kWh), which equates to reducing about 37 million miles driven by the average vehicle. Crazy right?

Regarding the entire nation’s capacity, California has 52% of utility-scale solar, and 73% of solar thermal throughout the entire country. There are a few key factors to this, besides the fact that history shows California as the “Head Cheerleader” of solar in the US.

Comparatively, the Golden State has an ambitious renewable energy portfolio which mandates utilities to receive 33% renewable power generation by 2020 with a goal to increase it 50% by 2030. Another big player in California’s solar boom is the utility-scale adoption coming from large businesses — companies like Campbell’s Soup, Apple, IKEA, Walmart, Johnson & Johnson, and Walgreens —that have all installed major systems in the state. On the residential side, according to Project Sunroof, an average homeowner is projected to save $12,000 over the course of a 20-year lease.

Long story short, California has mastered solar energy, and yet only 13% of its’ electric capacity comes from solar, so imagine how much opportunity still exists there.