Energy Archives - MKTPlace https://mktplace.org/category/energy/ all about trading, Fintech, Business, AI & technology in one place Tue, 14 Feb 2023 11:41:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://mktplace.org/wp-content/uploads/2021/03/favicon.png Energy Archives - MKTPlace https://mktplace.org/category/energy/ 32 32 What Size Solar System Do You Need?: A Guide to Using a Solar System Size Calculator https://mktplace.org/what-size-solar-system-do-you-need-a-guide-to-using/ Tue, 14 Feb 2023 11:39:28 +0000 https://mktplace.org/?p=48224

Photo byMischa Frank on Unsplash

Installing solar panels is the perfect choice if you want to move towards a sustainable energy future. However, if you’re like one of the many people who find technology confusing, getting started might feel like a challenge.

Luckily, a solar system size calculator makes it easier for you to get started. To find out more about how to measure your current energy needs and to find out a good size solar system for you, keep reading.

We prepared this guide for using a solar panel size calculator.

Determine Your Location

The first step in using a solar system size calculator is determining your exact location. This is important because the amount of sunlight you receive will vary depending on where you live.

Some locations receive more sunlight than others, so it’s important to know your location to get an accurate estimate. To determine your location for using a solar system size calculator, you will need the following information:

Latitude and Longitude

You can find this information using a GPS device, a smartphone app, or an online map. Open your device and look for this information.

Average Daily Sun Hours

This is the average number of hours per day that the sun shines on your location. You can find this information by searching online, contacting a local weather station, or using a solar irradiance calculator.

Tilt Angle

This is the angle at which the solar panels will be installed on your roof or ground-mounted system. The tilt angle will vary depending on the season and your location, but a common angle is equal to the latitude of your location.

Orientation

This is the direction that the solar panels will face. The optimal orientation for solar panels is south in the Northern Hemisphere and north in the Southern Hemisphere, as this will maximize the amount of sunlight they receive throughout the day.

Once you have this information, you can input it into a solar system size calculator to estimate the size of the solar panel system you will need for your location.

The calculator will use all this information to estimate the amount of electricity your solar panel system will produce. It will take into account factors such as the amount of sunlight your location receives, the tilt angle of the panels, and the orientation of the panels.

Determine Your Energy Usage

The next step is to determine your energy usage. This will help you determine how much energy your solar system will need to generate. You can find this information on your energy bill or by contacting your energy provider. Take a peek here to get professional help in determining your energy usage.

To determine your energy usage for solar panel sizing, you will need to gather information about your energy consumption habits. Here are the steps to follow:

Check Your Past Utility Bills

Look at your monthly or annual energy bills to see how much energy you use on a regular basis. Make sure to look at your energy usage over the course of a year, as your energy consumption may vary depending on the season.

List Down All Electrical Appliances and Their Usage

Make a list of all the appliances and electronics that you use regularly, and note the wattage or energy usage of each one. This information can usually be found on the manufacturer’s website or on the label attached to the device.

Estimate Your Daily Energy Usage

Add up the energy usage of all the appliances and electronics you use on a daily basis to get an estimate of your daily energy usage.

Multiply by the Number of Days in a Year

Multiply your daily energy usage by 365 to get an estimate of your annual energy usage. You can now use this information to size your solar panel system.

A good rule of thumb is to aim for a solar panel system that will produce about 80% of your annual energy usage. This will help ensure that you have enough energy to power your home. This rule of thumb also allows room for future energy consumption increases.

It’s important to keep in mind that these are rough estimates, and the actual energy consumption of your home may differ. To get the most accurate estimate, you can consider having a professional energy audit conducted.

Input Your Information Into the Solar System Size Calculator

Once you have determined your location and energy usage, you can input this information into the solar system size calculator. You will also be asked to input other information, such as the type of roof you have, the angle of your roof, and the direction it faces.

View the Results

After you have input all of your information into the calculator, you will be able to view the results. This will give you an estimate of the size of the solar system you will need, the number of solar panels you will need, and the average cost of installation.

Get Multiple Quotes

It is important to get multiple quotes from different solar companies to ensure that you get the best deal. You can compare the quotes to see which company offers the best price and the best quality of service.

Choose the Best Option

Once you have received multiple quotes, you can choose the best option for your needs. You can take into consideration the cost of installation, the quality of the equipment, and the company’s reputation.

Get Professional Installation

Once you have chosen a solar company, it is important to get professional installation. A professional installer will ensure that your solar system is installed correctly and will provide you with a warranty for the equipment.

Consider Installing a Solar System Soon

A solar system size calculator is a useful tool for anyone who is considering using solar energy. It helps you determine the size of the solar system you will need and the cost of installation.

Follow this guide; make an informed decision about whether solar energy is right for you and make the most of its benefits.

Read our latest blogs for more informative articles!

 

 

 

]]> How Real Estate Developers Can Unlock Growth Opportunities In 2023 https://mktplace.org/how-real-estate-developers-can-unlock-growth-opportunities-in-2023/ Thu, 08 Dec 2022 15:24:04 +0000 https://mktplace.org/?p=48160

Photo byRowan Heuvel on Unsplash

The pandemic slowdown was only a temporary phase for real estate developers, and the industry recovered faster than expected. Not surprisingly, more and more entrepreneurs are keen to try their luck. The growing competition makes the industry more challenging than ever, but you can still thrive with the right approach. Whether you are a beginner or a seasoned developer, the right mindset and strategies can help you win the race. The New Year is an ideal time to embrace them if you haven’t done it yet. Let us share some quick hacks for real estate developers looking to unlock growth opportunities in 2023.

Know your market

Real estate development is like any other business because entrepreneurs need to master their market. Start by understanding your local market with a close look at factors like demand, supply, and price. Create a target buyer persona to get a clear view of their needs, expectations, and preferences. You may even find a niche like residential or commercial development to narrow your focus area.

Build a personal foundation

Building a personal foundation also sets you up for success as a land developer. Everything boils down to understanding the nitty-gritty of land selection, building design, construction management, and project marketing. Although it sounds like a lot of work, you need not get a university degree in construction, finance, or law to specialize in these areas. But extensive research can help you develop knowledge in all the core areas of real estate development.

Win with sustainability

Sustainability is not a passing trend, but a reality for real estate developers. A “green” reputation for your business is a major selling factor for your projects because buyers are more than keen on collaborating with such companies. Moreover, you can secure several benefits like commercial solar financing and ITC credits by investing in solar projects. Green designs are cost-effective as you can build them in smaller spaces. Embracing the approach is the best thing you can do for your business in 2023.

Build a strong team

Another tip to unlock your growth potential is to build a strong team that strengthens your business. Real estate development is a complex genre that requires people from different areas of expertise. Of course, you must have architects, designers, engineers, and contractors to work on building projects. But you will also need experts from areas like finance and law to stay ahead of the financial and legal requirements respectively.

Strengthen your network

Besides building a strong team, you must also strengthen your network in the industry. For example, networking with real estate marketers and agents is essential to selling your projects at a good price. Likewise, collaborate with suppliers and vendors to procure quality building materials at optimal pricing. Networking boosts your business, so you must go the extra mile to build lasting relationships.

The growth potential in the real estate segment is booming, but you need a strategic approach to make the most of it. Follow these tips to build a profitable and successful business in 2023.

]]> 5 Ways Alternative Energy Sources Save You Money https://mktplace.org/5-ways-alternative-energy-sources-save-you-money/ Fri, 03 Jun 2022 13:24:27 +0000 https://mktplace.org/?p=47675

Renewable energy sources produced around 20% of the electricity used in the US in 2020.

There are various alternative energy sources that people can use these days in both residential and commercial applications. This includes things like wind, solar, and hydroelectricity. Such energy sources provide a range of advantages, and one of the key benefits is that they can save you money.

Keep reading to find out how.

  1. Reduced Energy Bills

The most well-known way that renewable energy can help you save money is by reducing your utility bills. Your energy bill is directly related to how much electricity you draw from the grid. If you start getting energy from a renewable resource, you’ll need less from the grid, leading to more savings.

Solar panels are one of the most popular choices in both commercial and residential applications, and they have become more efficient over the years. These days it’s possible to get a solar installation that can fully power your home, eliminating your reliance on the grid.

  1. Ability to Sell to the Grid

Sometimes a solar installation in a home or a business can be very efficient. It may even generate more energy than is needed. When this happens, the energy is sent back to the grid.

You’ll be paid for any excess electricity you send back, so the more efficient your system is, the better. A company like Blue Raven Solar can advise you on the most suitable solution to fit your needs.

  1. Reliability

One issue with the grid that’s unavoidable is blackouts. They are generally quite rare and don’t tend to last long, so in homes, these are usually more of an inconvenience than anything. For businesses, however, a lack of power can be incredibly costly.

As a blackout can be a major issue, having some sort of backup is beneficial. If you’re able to source power from a renewable resource, then you can keep things up and running even when a blackout occurs.

  1. Incentives

Implementing renewable energy systems can have a sizable upfront cost. The government offers various incentives to help people get commercial or household energy solutions installed. This helps people afford these systems, which can generate energy and reduce their carbon footprint.

These incentives vary from state to state, so you should look into the options in your local area to see what you’re eligible for.

  1. Protection From Price Fluctuations

Energy prices can change with time, often quite quickly. If you source your energy from the grid, you might unexpectedly end up with larger bills.

If your home or business can generate its own power, however, you won’t need to worry so much about these fluctuations.

Saving Money With Alternative Energy

Alternative energy solutions are ideal if you want to save money in the long run. Being able to source power from solar or wind energy means your monthly bills will be reduced, and you won’t have to rely on the grid operating correctly. Price fluctuations won’t be an issue, and you can even sell excess electricity back to the grid.

For more tech articles, check out some of our other posts.

]]> How Does Solar Panel Billing Work? A Guide to Your Solar Bill https://mktplace.org/how-does-solar-panel-billing-work-a-guide-to-your-solar-bill/ Thu, 19 May 2022 13:44:31 +0000 https://mktplace.org/?p=47660

Did you know that about one in every 600 homes in the US install solar panels each quarter? Solar energy, after all, is becoming cheaper, especially if you compare it to fossil fuels. Let’s consider how solar panel billing work.

Moreover, going solar allows you to lower your electricity costs in the long run. There might even be months when your solar bill shows zero or negative charges!

But how exactly does solar billing work, and what can you expect to see in your statements?

We’ll discuss the most crucial facts you need to know below, so read on.

Getting a Solar Bill After Installation

You might be wondering if you’ll even get an electric bill after installing solar panels. If you plan to set up an on-grid or grid-tied solar energy system, you will.

An on-grid solar electricity system, the most common type in the US, connects to the local utility grid. It lets consumers draw energy from the grid when their solar panels don’t generate power. An example is at night or during less sunny days when the system doesn’t produce enough energy.

The Charges You Might See

Once you start using your panels, any electricity you tap from the grid shows up on your monthly bill.

Let’s use the average US residential electricity price of 13.83 cents per kWh in February 2022 as an example. Let’s also say you draw 100 kW of grid electricity within your current solar billing cycle. Your solar panels, in turn, generate the rest of the power your household uses.

In that case, your solar billing statement should include charges for the 100 kW you took from the grid. At 13.83 cents per kWh, you can expect an electricity consumption charge of $13.83.

Depending on your utility company, you may also see fixed charges on your bill, such as delivery rates. Others include maintenance or customer service charges. These are only nominal, though, and likely cost only a few dollars.

Negative Amount on Your Bill

If you sign up for a net metering program, you might see a negative amount on your next solar bill. Net metering is one of the financial incentives you can reap when you go solar. That’s on top of the solar tax credits, tax exemptions, and rebates you might also enjoy.

With net metering, you can get credits every time your solar panels produce more power than you use. That excess energy gets sent to the grid, triggering your meter to run backward.

Suppose your system generates more energy than what you tap from the grid. In that case, your total credits might cause your bill to show a negative amount. That’s especially true for utilities that accept credits as payments for fixed fees.

Enjoy Lower Electricity Bills With Solar

Remember: You’ll get a monthly solar bill if you install a grid-tied solar energy system. However, you can expect it to show only minimal charges, or at times, even a negative amount.

Now we know how solar panel billing work. So, why not reach out to a reputable solar installation company today? The sooner they can set up your system, the sooner you can cut or even eliminate your electric bills.

Did you find this guide helpful? We have tons of other informative posts, so browse more of our blog now!

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