Working From Home? Solar Might Be Perfect for You

December 17, 2021 | 86 views

Working From Home? Solar Might Be Perfect for You
The pandemic emptied out most of America’s offices as workers across the country set up home workstations. Although this looked to be a temporary situation for many, it has become clear that many workers are choosing to continue to work from home, and many businesses are embracing this concept as well. If you’re one of those individuals, you may want to consider adding solar to your home.


A shift in power usage

According to the National Bureau of Economic Research, “Americans spent $6 billion more on at-home power consumption from April to July 2020 than during normal times, nearly offsetting a decline in business and industrial demand.” The increase in residential consumption was fueled by increased home heating and cooling demands, workers participating in virtual meetings, running computers, printers, lamps, and other electronic devices all day long. This has resulted in a shift in energy costs from corporations to employees, with many workers seeing significant increases in their home utility bills.


Capitalizing on higher demand to maximize your system size

Solar can be a great way to offset the costs of your home's energy demands. Because your consumption is currently higher than it would be if you were working at your company's office, you have the ability to install a system that will more than cover your electricity needs if and when you do return to a corporate office setting. Although your increased usage means you'll need to add a more extensive solar photovoltaic system to your home to do this, it also provides you with an opportunity to maximize your system's size to meet your needs.


Incentives and savings

The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes. However, that number falls to 22 percent in 2023 and goes away in 2024 for residential projects, while commercial projects are reduced to 10 percent ongoing. The ITC applies to both residential and commercial systems and there is no cap to the size of the system the ITC can be applied to.  Making plans now to invest in a solar PV system for your home can be a great way to continue to reap the rewards of working from home without it having a significant negative impact on your monthly utility bill.

Spotlight

Klarzen Inc.

Klarzen Inc. is an Israeli multinational technology corporation that designs, develops and sells green technology solutions.

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Article | December 23, 2021

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Article | September 17, 2022

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Article | July 8, 2022

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Klarzen Inc.

Klarzen Inc. is an Israeli multinational technology corporation that designs, develops and sells green technology solutions.

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SolarEdge Technologies, Inc | September 21, 2022

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Sunnova Energy | September 23, 2022

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As a result, businesses can lower site utility costs, reduce carbon impacts, provide energy resilience, and maximize savings and revenues for their customers.“From the beginning, we built Athena as an open, extensible platform and as the market evolves, Athena continues to be the trusted enterprise platform that maximizes outcomes across clean energy asset portfolios,” said Larsh Johnson, Chief Technology Officer at Stem. “Now with our seamlessly integrated storage, solar, and EV solutions and services, Athena is able to bring new and unique value streams to our customers that they’ve not been able to tap before.” Athena offers a comprehensive view across a broad array of clean energy assets delivering an extensive suite of applications and AI-powered capabilities to uncover further value across assets including: Unified experience across solar and storage assets: The Athena platform now includes AlsoEnergy’s market-leading PowerTrack as an integrated application, offering solar and storage asset owners and operators a unified experience to monitor, manage and dispatch their portfolios from a single pane of glass. Real-time situational awareness of the financial and technical performance, real-time status, and operational trends of systems and sites: Athena Supervisor provides system operators with a remote operations center platform with continuous, automated monitoring of the performance and health of systems. Actionable insights and a clear window into the value being delivered by energy assets: Asset owners and energy managers can monitor system performance, cost, and economic impact with Athena Explorer. This visibility aids in building long-term energy strategies to help achieve resilience, economic optimization, and sustainability goals. Unlock wholesale market revenue taking into consideration market-specific requirements and operational constraints to mitigate market risk. Asset owners who participate in wholesale markets rely on the forecasting accuracy and 24/7 automated bidding capabilities of Athena to help maximize revenues. Economic ownership and management of EV fleets while ensuring sustainability goals are met. Athena’s e-mobility solution seamlessly integrates storage, solar, and EV charging networks to unlock economic, environmental, and operating value. By offering hardware optionality, a clean energy optimization platform, and professional services, owners and operators can maximize EV charge delivery against multiple objectives and track the ongoing performance as an integrated system. Integrated Utility SCADA solutions that meet even the most stringent grid standards provide local site controls and human-machine interface (HMI) to effectively operate, maintain compliance, and minimize maintenance costs of large utility-scale projects. Paired with Athena PowerTrack, the integrated solution helps provide enhanced asset performance management to help increase energy harvest and asset value. “As we continue to scale our solar and energy storage business nationwide, Stem has become one of ForeFront Power’s preferred partners to fuel growth. For projects on which we select Stem as a partner, we’re looking forward to the integrated view of our assets and superior optimization that Athena plus PowerTrack will deliver to our customers,” -Michael Smith, CEO of ForeFront Power. With more than 30 gigawatts (GW) of solar, energy storage, and EV charging assets under Athena management across 50 countries, Athena, coupled with Stem’s energy experts, continues to help clean energy leaders navigate the challenges of evolving trends like supply chain constraints while capitalizing on opportunities such as the 30+% investment tax credits for stand-alone battery storage and broader EV infrastructure projects that the Inflation Reduction Act of 2022 offers. About Stem Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.

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SolarEdge Launches Next-Gen C&I Smart Power Optimizer Series with a Multi-Layered Safety Technology at RE+ North America

SolarEdge Technologies, Inc | September 21, 2022

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, has announced at RE+ (booth #2416) Anaheim, California, the launch of the S-Series, new range of smart Power Optimizers. Now available for commercial and industrial PV applications across North America, the next generation Power Optimizers adds SolarEdge Sense Connect technology to its multi-layered approach for safety.SolarEdge Sense Connect is an industry-first technology that detects temperature increase at the connector level to prevent potential electric arcs. By detecting and reacting to abnormal connector overheating that may happen due to faulty installations or connectors, SolarEdge Sense Connect technology stops power flow before an arc can occur. With module-level site visibility, operation and maintenance (O&M) providers are informed of the pinpointed location of the connector, so repairs can be conducted swiftly and easily. This helps maximize system safety, uptime and reduce O&M costs. The SolarEdge Sense Connect technology joins an expanded range of safety features, among them the SafeDCTM technology that is designed to enable the PV systems’ DC voltage to be automatically reduced to touch-safe levels (1V DC per module), in grid failures or when the inverter is shut down. Adding to these the Rapid Shutdown feature, installers can activate SafeDC at the flip of a switch, discharging the conductors to safe voltage levels within just 30 seconds. The S-Series Power Optimizer is designed to accommodate higher power modules and bi-facial modules, which due to the rear-side module mismatch can suffer from even greater potential power loss. Providing 99.5% efficiency and supporting two high power, high input current PV modules, the S-Series lowers Levelized Cost of Energy thanks to higher yield and enables longer and more powerful strings. In addition, the S-Series offers a simplified cable layout, allowing faster installation and reducing potential isolation faults. “Multi-layered safety technology and ease of installation are key differentiators of our technology, alongside advances in energy efficiency and improved economics which are additional important factors for the proliferation of solar energy, We will continue to set benchmarks in industry safety by focusing on innovative solutions that bring even more reliability to the market.“ -Peter Mathews, General Manager of SolarEdge North America. About SolarEdge SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. SolarEdge is online at solaredge.com

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Sunnova Expands Energy as a Service Offerings to Commercial Businesses

Sunnova Energy | September 23, 2022

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading U.S. Energy as a Service (EaaS) provider, announced that it is expanding its energy service offerings to the commercial solar market.Leveraging the Company’s extensive experience in residential solar, Sunnova is expanding into the commercial market to serve the commercial, industrial, agricultural, commercial real estate, non-profit, and public sectors to help business customers become more sustainable and resilient while also providing budget certainty in the face of rising utility rates. Entry into the commercial sector is supported by the passing of the Inflation Reduction Act, which is expected to increase deployment of commercial solar projects by 20% over the next five years, according to the SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report. With the expansion of Sunnova’s energy services into the underserved commercial market, businesses will be able to take control of their energy costs by transitioning to solar, gaining resilient backup power, and tapping into available revenue streams such as selling excess solar energy back to the grid or participating in local grid services. “Electricity usage can be one of the biggest and most unpredictable costs facing businesses, and unexpectedly losing power due to a utility outage can create additional expense and hardship,We see a significant growth opportunity in the commercial solar market that is a natural extension of our market-leading services on the residential side. We look forward to providing businesses with solutions that will reduce their energy costs and provide local energy generation, as well as insights and control. Our systems offer protection against utility power outages with integrated battery storage, and the ability to reduce carbon emissions. We have helped hundreds of thousands of homeowners across the country realize the benefits of solar and now we will be helping companies adapt to an ever-changing energy landscape by transforming into Sunnova Adaptive Businesses™.” -William J. (John) Berger, founder and CEO at Sunnova. With a total addressable market of approximately 145GW that is only 5% penetrated, according to Wood Mackenzie, Sunnova will be leveraging its network of dealers who have wanted to sell commercial solar, or who already do, to facilitate a rapid market entry. We are excited to enter this underserved sector of the market to help businesses manage their energy needs with a differentiated and innovative approach,” said Michael Grasso, EVP, Chief Marketing and Growth Officer at Sunnova. “Sunnova will offer businesses a complete suite of energy technologies, finance options, and services tailored to meet their specific energy needs, business goals, and local utility rate structures. This expansion of our service offerings will allow us to do for business customers what we have done for residential customers—provide a better energy service at a better price through our new adaptive business technology solutions and 25-year service guarantee, the Sunnova Protect® Business plan. Sunnova will also provide flexible financing options for systems starting at 50kW that are catered to the preferences and tax status of each business. About Sunnova Sunnova Energy International Inc. (NYSE: NOVA) is leading U.S. Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®. For more information, please visit sunnova.com

Read More

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