Solar Power Market Overview

As electricity demand continues to increase, new power plants and transmission lines are needed to meet growing electric demand and maintain reliable electric service. Coal power plants provide the lowest cost power. But, when taking into account pending carbon emissions regulations, environmental, and public health costs, coal power becomes an expensive and undesirable option. As an alternative, Solar Power provides economic, emission free, renewable electricity that can be generated close to areas of demand. The United States Solar Market has experienced tremendous growth over the past couple of years. This growth has been largely driven by increased environmental awareness, increasing retail electric rates, and public sector and utility incentives and rebates. Recent improvements in solar manufacturing technology and increases in production capacity have made solar equipment less expensive improving the economic competitiveness of solar power generation and increasing its availability.  Solar energy is expected to become a $70 billion dollar market by 2016.

Potential of Solar Power

The earth receives an incredible amount of solar energy.   The sun provides enough energy in one minute to supply the world's energy needs for one year. In one day, it provides more energy than our current population would consume in 27 years. In fact, the amount of solar radiation striking the earth over a three-day period is equivalent to the energy stored in all fossil energy sources.

Benefits of Solar Power

Solar power offers numerous benefits including predictable pricing, cleaner renewable energy, reduced operating costs, and long term reliability.

Predictable Energy Pricing

Solar systems do not rely on expensive feedstocks such as coal or natural gas to generate their energy. Since sunlight is free, there are no ongoing feedstock costs, allowing solar power systems to generate electricity at predictable long term prices. In states where electricity rates have spiked over the past several years, solar power offers an attractive alternative.  An EnergyOne solar solution can reduce or eliminate your exposure to rising electricity rates.  Solar power generated on site can provide energy at rates at or below the cost of purchasing power from the utility.  Better yet, the portion of usage generated on site will no longer be subject to increases in utility electric rates.

Renewable, Clean Energy

Solar power generation provides clean ZERO emission energy from sunlight.  Solar power provides an alternative to high emission sources of energy while helping reduce our dependence on fossil fuels and promote clean energy alternatives. Solar power can help your organization provide a positive environmental impact, reduce your carbon footprint, and achieve your corporate environmental goals.

Reduce Operating Costs

A solar power system can reduce or eliminate your facilities electric bill. Installing a solar power system is equivalent to prepaying for 40 years of power at a fraction of the cost you are currently paying. The cost/unit of energy you are currently paying is already higher than what you would be paying with solar. As rates increase this difference will only increase, which will result in further savings over the life of the system.

Take Advantage of Tax Benefits and Government and Utility Incentives

Designed to encourage businesses to generate their own solar power, these programs can pay for up to 70% of the total system cost. These programs include direct rebates, tax credits, grants, loan programs and other financial incentives.

Good Return On Investment (ROI)

Government incentives combined with recent decreases in solar equipment prices, make the investment in solar power a good financial decision for businesses and utilities. An investment in solar power can generate quick payback as well as long-term savings.

Long Term Reliability & Low Maintenance Costs

Photovoltaic cells were originally developed for use in space, where repair is extremely expensive, if not impossible. Solar still powers nearly every satellite circling the earth because it operates reliably for long periods of time with virtually no maintenance. Once installed, the solar power system requires little maintenance, and will provide electricity cleanly and quietly for 25 to 40 years.

EnergyOne Solar Power

EnergyOne provides innovative solutions to project sponsors and real estate owners. Our mission is to become the premier project manager, developer, and asset manager for mid to large-size commercial photovoltaic (PV) power systems worldwide.

EnergyOne works with industry-leading suppliers, engineers, and project partners to provide high-quality, reliable renewable energy power systems. Depending on project and financing needs, EnergyOne has the ability to customize solutions based on our customers’ requirements.