Innovative Solar Systems, LLC
1095 Hendersonville Rd.
Asheville, NC 28803
Solar companies consist of businesses that develop, promote, and maintain ways of producing clean and reliable sources of power. As solar energy is one of the fastest platforms for growing renewable energy, it can be a great investment when it comes to net metering energy savings for customers. A business investment in solar energy can also be especially lucrative, considering rebates, tax credits, and other incentives.
Solar Energy Industry
According to the Solar Energy Industry Association (SEIA), the greatest hurdle that the United States, in particular, must face for its solar companies, regards energy source production. In order for solar energy technology distribution to be successful, it is necessary, to drive the price down so that it is at a level with usual fossil fuel sources, and therefore, becomes a viable commodity. (http://www.seia.org/cs/about_solar_energy)
Harnessing Solar Energy
According to the SEIA, four ways exist in which solar companies may harness solar energy. First, photovoltaics involves converting light into electricity; second, heating and cooling systems deal with solar thermal technology; third, concentrated solar power comes from the utility scale; and, fourth, natural lighting provides an energy source through the sun. Also, active solar energy systems utilize devices made to convert sunlight or heat into additional forms of energy for solar businesses to use.
Those who are interested in learning more about solar energy and the industry in general, may also like to purchase solar equipment to establish solar farms for energy supply. Solar farms are companies that usually runs projects that are interconnected to the grid to sell power. Because a large number of solar panels are used to produce solar energy – it is referred to as a “farm,” due to the size and scope of solar companies and their facilities.
Solar companies determine metered sales of electricity rates that are beneficial for both sellers and buyers. The most accurate information concerning electricity amounts that users generate and buy, comes from actual usage tabulations. Solar energy usage information may be accessed through special processes, designed for that purpose. The solar power cost for electricity are then agreed upon between buyers, sellers and all other parties involved in the transaction. This makes it more possible for an economic incentive to being involved with, or becoming engaged in the solar energy industry.
Power Purchase Agreements
Solar energy companies usually require the execution of a Power Purchase Agreement by those who are interested in doing business as a solar energy provider in any capacity. The Power Purchase Agreement constitutes as a contract between the “seller,” or the party who generates electricity for sale, and the other party who desires to purchase the electricity, or “buyer.” The solar energy referenced in the agreement usually comes from that which is harnessed from the sun or the wind.
Financing for solar businesses is usually described in a contract, which also details the relevant dates for solar projects, including when they will commence for their commercial operation. The solar industry use contracts including termination dates, and an option to abandon or renew them.
1095 Hendersonville Rd.
Asheville, NC 28803
Solar Systems – Renewable Solar Energy – Solar Solutions – Solar Farms – Solar Panels – Solar Power – Commercial Solar Systems –
Benefits of Solar Energy – Solar Power Study – Solar Due Diligence – Solar Feasibility
DISCLAIMER: Innovative Solar Systems, LLC is not a certified public accountant, licensed financial advisor or a licensed attorney. This information is intended to explain the availability of certain tax credits and other benefits arising out of the installation of a solar energy producing assets. Actual tax benefits will vary depending on specifics surrounding the end user or owner. This information is not intended as legal, financial or tax advice with respect to our available solar projects. Please consult your accountant, financial advisor or attorney for advice with respect to any tax matters or returns related to material contained herein.