Solar energy takes careful thought for commercial construction
Panel: Solar energy involves complex decisions for commercial applications.
Tying solar energy with commercial construction comes with a more complex set of decisions than slapping a set of solar panels on the roof and watching the electric meter spin backward, reports the Phoenix Business Journal .
Businesses need to take into account a host of factors that can determine how much money they will save, how long it will take to get a return on their investment, and whether those panels will be working in a few years, according to industry experts at a panel discussion on the issue at the CoreNet Global Desert Mountain Region meeting last week.
“When you don’t pick the right technology for the right application, you have a problem,” said John Balfour, president of PerfectPower Inc., a Phoenix-based consultant and supplier of solar components.
The declining cost of solar manufacturing has made that easier as more players jump into the market, electric rates increase, and a federal investment tax credit was extended, allowing companies to continue to claim up to 30% of the cost of a system. Utilities also have ponied up about one-third of the cost through rebates, the result of states pushing to get solar power adopted quickly.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey