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Concentrated Solar Power in the USA
Southern Company is one of the largest energy providers in the United States. Based in Atlanta, Ga., Southern Company owns electric utilities in four states
Article | March 23, 2020
The impacts of the coronavirus COVID-19 are being increasingly felt throughout the country, but the usual bills – including electricity bills – keep rolling in. There’s a lot that really sucks financially-speaking at the moment, but there are some bright spots. Here’s why now is a particularly good time to be considering going solar. But there’s a sure-fire way to get a great return on your cash and that is acquiring a good quality, professionally installed solar power system. Try our new solar calculator – the estimated payback and returns might make your eyes pop. For example, the following are estimated simple payback periods and savings over ten years for a 6.6kW solar system costing $6,600 installed in the various capitals; using the calculator’s default settings:
The U.S. solar industry is preparing to argue that its workers are essential to the economy as it copes with a growing pile of government-mandated shutdowns to combat the spread of COVID-19. State-, county- and city-wide shutdowns, which are already in place in California, the nation's largest solar market, as well as New York and Dallas County, Texas, largely called for employees of “nonessential” sectors to stay home; the orders now cover about 20 percent of U.S. residents, according to the New York Times.
The U.S. renewables industry was left out of the $2.2 trillion coronavirus stimulus bill passed last week, but the battle is far from over. Congress is already considering further legislation to rescue the economy from the ravages of the COVID-19 pandemic, and renewable energy groups are ready to bring their proposals back to the table. As with the last stimulus bill, the industry's plans center on securing changes to two federal policies: the Investment Tax Credit (ITC) for solar power and the Production Tax Credit (PTC) for wind power. Renewables groups have a powerful claim to make as they push for those changes: Unlike many of the industries seeking hundreds of billions of dollars in collective aid, the desired tweaks to the renewable tax credits would not add significantly to the federal government's costs.
The world’s largest automotive company, Toyota, has announced a joint venture to enter the renewable power generation industry, setting up Toyota Green Energy in its home country of Japan. While initially this will focus on powering the company’s operations with clean electricity, the long-term could see the venture shift its focus towards the production of green hydrogen for use in Toyota’s fuel-cell vehicles. Last Friday, Toyota Motor Corporation announced an agreement with Chubu Electric Power and Toyota Tsusho Corporation to establish their new partnership in July, with the purpose of obtaining and managing renewable energy resources in Japan to power the operations of the Toyota Group.
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