Tag Archives: incentives

U.S. Market Most Attractive for Renewable Energy

For the tenth year in a row, Ernst & Young released their findings for the top countries that are most attractive for renewable energy. This year the title goes to the United States.

The annual Renewable Energy Country Attractiveness Index ranks 40 of the most active countries for renewables based on several factors including incentives, opportunities, and more. The global investment in clean energy grew to $269 billion in 2012.

The report also shows how renewable energy is now more mainstream, competing for investment with more traditional energy sources, and “changing the way businesses and consumers think about energy.”

Read more about the report at Renewable Energy World.

 

By Gaylen Davenport

 

Wind Energy Tax Credit Extended

Wind energy production is sure to continue its growth, at least for one more year. The production tax credit for wind energy was given a one-year extension, which energy analysts and economic-development officials believe will help the renewable energy industry.

“Though good for only one year, the extension contains wording that applies the credit to wind farms that are ‘under construction’ by next December 31.”

The extension can give companies up to an additional 24 months to complete their wind projects. Without the extension, the wind market was expected to decline by more than 50 percent in 2013.

Source: Daily Camera

2013 Renewable Energy Forecast

Renewable energy, especially wind and solar, are sure to see an increase in 2013 compared to last year.

Renewable energy certainly had a model year in 2012, but what’s the future look for solar, wind, and natural gas?

In the U.S., new solar capacity reached nearly 2,000 MW, and wind capacity reached 6,519 NW, just edging out gas capacity and more than doubling new coal installations.

As great as those numbers look, there are some looming clouds for renewables. The wind industry faces the loss of valuable tax credit if it is not renewed in 2013. “According to the Financial Times, total investment in wind and solar in 2012 may well fall compared to 2011– the first time that’s happened in nearly a decade.”

But both wind and solar are becoming more competitive against fossil fuels with solar modules being 75 percent less expensive compared to four years ago, and the cost of wind turbines have fallen by 25 percent over the last three years. This was largely due to technological advances that have driven down the cost of renewable energy, making it more affordable for smaller businesses.

While there are still hurdles ahead for renewable energy, there’s still an enormous market for new electricity generation, utility savings, and public support. “2013 may not be as good for renewables as 2012 – a lot will depend on how the larger global economy fares but we won’t be going backward.”

Source: Time.com

KCMO Businesses Saves More with New Energy Program

The EnergyWorks KC program provides technical and monetary assistance for energy efficient upgrades, including lighting retrofits.

Thanks to the U.S. Department of Energy, commercial buildings in Kansas City, Missouri have a unique opportunity to save even more on lighting retrofits.

The EnergyWorks program provides technical assistance to cities, counties, nonprofit, public, and private sector entities to improve the energy efficiency and operating costs of existing commercial and public buildings. The program also provides a low-interest loan fund to help finance improvements for nonprofit facilities.

Businesses that implement energy efficient upgrades, including lighting retrofits, can receive $3,000 to $6,000 towards improvements. But act quickly, the program is funded only until May 2013, but may be extended.

To find out more about the EnergyWorks KC program and whether you qualify, contact our office at (913) 310-0705 to speak with a certified energy consultant, and to schedule an audit.

Common Questions About Solar Energy

Solar offers a limitless supply of clean, safe, and renewable energy. Here are some common questions you should consider about solar energy.

How do solar panels work?  

Solar technology involves using sunlight to create a chemical reaction. A collection of panels is called a solar array. As sunlight reaches the squares, it triggers the release of electrons that are collected by tiny wires built into the cells to form an electrical current. This current is sent to an inverter, which converts it into usable electricity. Any unused energy is stored in a battery or feed into a utility grid system.

Can you install solar panels to an existing building?

Installing solar panels on an existing building is usually quite easy and offers many benefits including the environment and your bottom line.  A solar system can stabilize your utility bill, making it easier to budget expenses.  When the system is paid off, the utility bill is reduced or eliminated, and excess energy can be stored or sold to the utility company.

How much does a solar panel installation cost?

The net installed cost and system payback depends on several factors including: your location, the orientation of your proposed mounting location, the amount of sun you receive, utility rates and how much energy you use. In the Kansas City area, there are financial incentives offered by utility companies and the federal government that may offset your system costs.

Watch our team install a solar system at the Surplus Exchange:

Solar Energy Bright in Benefits

Each month, Worldwide Energy Vice President and COO Gaylen Davenport will publish his thoughts on the latest energy-efficient news, products, and trends.

Solar energy is no longer a technology of the future. In fact, it is the fastest growing energy source in the world, and businesses are taking advantage of this affordable, efficient, and reliable source.

Solar energy is clean, renewable, and generates zero carbon dioxide emissions, so it does not harm ecosystems and reduces our dependence on fossil fuels.

Utilizing the sun’s abundant rays, solar panels capture the sunlight and convert it to electricity that can be used. The sun generates more than 10,000 times the amount of energy the entire world consumes annually, and the vast potential for this “free” energy is enticing.

The power of solar technology is increasingly beneficial to businesses that are looking to reduce their long-term energy bills, while adding to their green communities. The solar panels themselves have no moving parts, make no noise, and need very little maintenance, a benefit to any building owner. And solar panels increase property value.

In the long run, businesses can save a great deal of money since it does not cost anything to harness the power of the sun. In the Kansas City area, the average annual sunshine level is nearly 5 hours a day, above average compared to other parts of the U.S. so utilizing the sun’s energy for electricity uses is very practical and beneficial.

There’s no denying it, solar is a large investment, much like any “new” technology, but available incentives can offset a large part of that investment. As technology and products continue to develop, and as more people adopt renewable energy practices, the costs will continue to drop.

More importantly, adopting renewable, energy-efficient technology not only creates a new standard for business, but a better, greener environment.

-Gaylen

Feature Client: Beck Tire

Each month, Worldwide Energy features a client that we have worked with to showcase not only our portfolio, but also our client’s business.


Project Scope:

Beck Tire International is a tire shop in Kansas City, MO that was looking to retrofit their outdated lighting. The goals for the new lighting system included increasing the quality of lighting and level of illumination, providing a safer working environment for their employees, and reducing energy consumption, along with reducing utility bill expenses and annual maintenance expenses. Rebates and incentives were filed to offset the investment.

Worldwide Energy replaced several existing metal halides with premium T8 reflector fixtures, which allowed for better and even lighting. We also added motion sensors to control several fixtures for the added convenience of automatic lighting.

Lighting Upgrade Savings:

  • 48,185 kWh
  • Cut demand usage in half
  • Reduced 160,523 pounds of carbon dioxide
  • Equivalent to annual greenhouse emissions from 14 vehicles

Energy Savings for Small Businesses

Businesses can save big with energy efficient projects like retrofitting outdated lighting.

Small and medium businesses are missing out on big energy savings. With energy costs rising 6-8 percent annually, businesses are quoting “energy costs as their biggest expense behind real estate and labor.”

A report by the Center for an Urban Future found that one big opportunity for small businesses to reduce costs has gone ignored: becoming energy efficient, and that “significant savings – up to thousands of dollars a year for even the smallest firms have been left on the table.”

Several roadblocks for small business owners include lack of financing, lack of customized solutions, and lack of technical expertise. That’s why working with the right partner is key to the success of becoming energy efficient.

At Worldwide Energy, we provide a complete turn-key approach, so we take care of the planning, implementation, and documentation for your business to receive the maximum benefits and incentives for becoming energy efficient.

With local rebates and incentives still available, Kansas City area small businesses are sure to find big savings. Contact us today to schedule a facility review.

Source: Clean Technica

Green Buildings Are Worth the Investment

Investing in a green building, and retrofitting it into becoming more energy efficient, can provide many benefits for businesses.

While the U.S. does not rank very high in the global race for green buildings, it doesn’t mean we aren’t. In fact, Lux Research found that venture capitalists have invested more than $4 billion in the race to build greener buildings, and “they are now looking at new innovative technologies to further develop this space,” according to the research firm.

Since 2000, there were 332 venture investment rounds in technology and materials developers for green buildings. Last year, nearly 50% of the funding were late-stage investments, “signaling the maturation of the first wave of green buildings start-ups.”

The Lux report also found interesting green business trends including how integrated design is the future, and how on-site generation is a growth area.

Investing in a green building, or retrofitting commercial buildings into becoming more energy efficient, is an emerging trend, but can also provide benefits to businesses right now.

With energy-saving rebates and incentives in the Kansas City area, local businesses can see most of their project paid for, and see a shorter return on investment. Schedule a facility review now and see how much we can save you on energy costs.

Source: Market Watch

Last updated by at .