Solar thermal heating is a highly efficient renewable fuel source that could be more widely used in businesses, although solar thermal technology is not the best choice for every business. The businesses that gain the greatest potential of a solar thermal heating system include hotels, multi-family housing communities, Laundromats, hospitals, senior living communities, and any other types of business that demands heated water 24X7. To determine if a solar thermal system would be a good option to incorporate into your business energy portfolio, consider the following questions:
Does my business require hot water every day and is there a demand for hot water for 12 hours or more each day? – Solar thermal technology operates most efficiently when the heated water can be used immediately or stored in tanks for use before the next day begins.
What is the current water heating method in my business? — If solar thermal would displace an electric water heater or propane heating system, your business would greatly accelerate the return on investment in a solar water heating system. In contrast, if your business currently uses a high efficiency natural gas condensing boiler, the payback on solar thermal would be longer.
Do I need to replace damaged or aging water heating equipment? — A solar thermal system is a supplementary water heating system which can cover up to 75% of a water heating load when sized appropriately. If a capital equipment purchase is looming, it is quite possible to downsize the investment in the equipment when a solar thermal system is designed and installed alongside equipment that will have a lower demand.
Is my business eligible for a tax credit? — If your business, or your lending partner, can take advantage of the 30% Renewable Energy Investment Tax Credit (currently available through 2016), any state-wide tax credit programs or any local utility rebates or energy credit purchases, a solar thermal system will provide an accelerated payback period and 20+ years of heat generation. For information on federal and state incentives, visit http://www.dsireusa.org/
Solar Thermal systems can be a great choice. If you would like to explore the possibility of installing solar thermal for your Arizona business, please contact us at firstname.lastname@example.org or 602.302.7640.
Easy Energy ~ The experts in solar thermal