resources Archives - MKTPlace https://mktplace.org/tag/resources/ all about trading, Fintech, Business, AI & technology in one place Fri, 17 Jun 2022 14:13:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://mktplace.org/wp-content/uploads/2021/03/favicon.png resources Archives - MKTPlace https://mktplace.org/tag/resources/ 32 32 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!

]]> Why Do Startups Fail And What Can Be Done About It? https://mktplace.org/why-do-startups-fail-and-what-can-be-done-about-it/ Thu, 04 Nov 2021 14:07:52 +0000 https://mktplace.org/?p=47040

TheDigitalArtist / Pixabay

According to a survey by CB insight, 70% of software firms fail, while 97% of consumer hardware startups die or become zombies. While unicorns and initial public offerings have everyone raving about successful businesses, it’s critical to understand why so many fail so you can avoid the same mistakes. Here are some of the most prevalent causes and how to avoid them.

1. Failure to strike a balance between labor and pleasure

You may have heard as a child that “all work and no play makes Jack a dull lad,” yet this cliche is closer to business failure than most people believe. Burnout and an inability to cut losses and focus energy where it would be most lucrative are said to be the reasons behind 8% of firms failing, according to research. You’ll have to put in more effort to build a business, but it doesn’t have to be dangerous. Prepare yourself psychologically for how difficult and unpleasant it is to start a business, and then make it a point to travel, workout, and relax in other ways.

2. Insufficient funds

One of the most important aspects of owning a business is making sure you have enough cash to run it and enough left over to keep it going until you break even. You should not stop hunting for funding just because you raised a significant amount last year. Premature scaling, for example, is to blame for 90% of startup failures. When scaling, it appears that you are expanding since you are employing and funding, but you may be biting off more than you can chew. Money Monarch goes on to say that you shouldn’t combine your personal and company finances. You may even have side hustles to keep your household afloat while you focus on your business. In business, money mistakes are normal, but you must guarantee that your life will not be disrupted if something goes wrong.

3. There isn’t enough demand for your goods.

Most entrepreneurs assume their product is so fantastic that buyers would beg them to buy it. Obviously, the money will start flowing from there. However, this is naive, and it is one of the reasons why 45 percent of businesses fail. Instead, you should know what your product will achieve in the market and be willing to adapt to changing market conditions. Beta-testing your product before launching it will help you avoid failure and market rejection.

4. Losing concentration

Personal concerns, distracting ventures, and a general lack of concentration account for 13% of startup failures. You and your team may begin to wonder where you’re going and if you want to be a part of a startup and the obligations that come with it at some time. Before you call it quits, be prepared to cope with this and have measures in place to assist you get out of the black hole.
You must be an expert on your product, understand your consumer, and have a burning drive to succeed no matter how difficult things become. Businesses don’t succeed overnight, but by avoiding these and other blunders, you’ll be well on your way to turning your goal become a reality.

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