Renewable energy was put front-and-center during the 2020 election as both energy and infrastructure became hot topics both on a national and state level. So what does the future hold for solar energy incentives?

The 2020 election resulted in a change in administration and likely a completely different approach to environmental issues, energy policy, and job creation than that of the previous administration. In this ebook, we take a quick look at what has happened, the changes we see happening in the coming months and years, and the impact of those changes on solar.

Green-friendly energy programs such as wind and solar have become a political hot button in recent years, placing public policy and programs like Renewable Portfolio Standards (RPS) under attack by those who claim they’re bad for business. The reality is that an RPS is a powerful economic driver that can stimulate a local economy through job creation and reduced operating costs for many companies.

As market volatility and global unrest continue to create massive fluctuation in fossil fuel markets, renewable energy is proving to be the future of energy production. Here are five reasons that signify the shift to renewables.

What are SRECs?

If you’ve spent time looking into solar for your home or business, you’ve likely heard the term SRECs, which stands for Solar Renewable Energy Certificates or Solar Renewable Energy Credits. SRECs are solar incentives offered to homeowners and businesses who have a qualifying solar photovoltaic (PV) system. Utility companies then pay system owners for these certificates as a way for the utility to meet their state-issued Renewable Portfolio Standard.

As more states begin to implement Renewable Energy Portfolio Standards (RPS) and establish carve-outs for wind and solar production, the question arises; which source of renewable energy production is best? Although both offer significant benefits, there are some key factors to consider before crowning one king.

As consumer and market demands for clean energy sources and greater energy independence grows, many states are putting Renewable Portfolio Standards (RPS) into place, which will reshape the energy landscape for years to come. So what is an RPS, and why should you care?

With solar energy only accounting for roughly two percent of the world’s electricity, it would be fair to assume that big utility companies have nothing to worry about. But you might be surprised to find out that isn’t the case.