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5 Benefits Of Using Solar Energy
| April 13, 2020
EMC is a specialist clean energy company. We offer our clients professional energy engineering consulting and advisory services and renewable energy engineering design, construction, commissioning and monitoring services.
Article | March 11, 2020
It’s been nine years to the day since the Fukushima Daiichi nuclear disaster: one of the worst nuclear accidents in history. This brings up memories of Chernobyl and other nuclear accidents that have played a part in the opposition to nuclear energy. However, there is still a debate on the merits and drawbacks. There are those who see it as a path forward to getting off of fossil fuels while others maintain that not only does nuclear energy pollute, but other risks are taken by developing this type of energy. This debate has been going on for decades since the birth of the atomic bomb. Yet, due to the threat of climate change, is nuclear power a viable option moving forward?
If you’ve been considering adding solar energy to your home, 2020 is the perfect time to do so. Last year, solar owners were able to receive maximum benefits from the federal solar investment tax credit (ITC), which gives homeowners an opportunity to receive a tax credit towards income taxes after their solar system is fully installed and operating. While 2019 was the last year to get the full 30% federal solar tax credit, there are still many great reasons to add solar to your home in 2020.
According to DNV GL’s 2019 Energy Transition Outlook, the combination of storage for the grid and storage available in vehicle-to-grid systems will exceed 40 TWh in 2050 worldwide. Storage and in particular battery solutions will help propel the transition to a decarbonized, electrified energy future. The energy storage market presents a tremendous opportunity for project developers and lenders worldwide. The drivers are clear and global: the rapid electrification of the transport, buildings and manufacturing sectors, the need for smooth integration of variable renewables, whether for a wind farm or industrial solar systems, and financial flexibility for both providers and customers.
The need to reduce carbon emissions is real. In 2018, the International Panel on Climate Change (IPCC) reported that global emissions would need to reach net-zero (or carbon-neutral) by 2050 to prevent severe climate change impacts. Electricity is a major contributor—electricity generation was responsible for approximately 33% of total CO2 emissions in the U.S. in 2018. Electric utilities stand to play a critical role in reducing carbon emissions. Many are up to the task of decarbonizing their operations and supplying carbon-free or carbon-neutral energy to their customers.
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