The Significance Of Clean Energy To Commercial And Residential Property Owners

As a property owner and lesser, you are probably constantly searching for ways to reduce your operating and maintenance costs

. So have you thought about clean energy? Are you aware that there are solar heating tubes that can be used to heat water more economically? China is the leading country for utilizing solar water heating systems. Many roof spaces in China are used to provide residential buildings with most of their heating requirements. In China, there is an estimated 30 million solar heating systems, currently in operation. This has considerably reduced not only electric power charges for tenants or residents, and operating expenses for property owners, but the volume of pollution in the country too.

In the past, it was only solar electricity that people thought was the purpose of having solar power in homes and commercial buildings. But today solar energy is being widely used for heating water . Moreover, even governments have realized the social and economic benefits for their country, if a larger number of people started implementing clean energy heating systems. Hence, excellent financial rewards were made available for those who install solar heating systems and PV panels in their homes and commercial properties.

Nowadays, the average landlord or homeowner can get federal, state, and local tax incentives. They can also avail of accelerated depreciation. This means that they won't have to wait for several years in order to realize the economic incentives of using solar electric power and solar heating systems. In fact, most property owners are able to get a payback on their invested capital in as little as two years, with most seeing a full return in 5 years.

However, it is important to keep in mind that the latest clean energy sources, like wind power and solar electric power are still incapable of supplying the complete electricity needed by the commercial or residential building owner. Improvements are still needed on the efficacy of the following solar technologies: heat storage, solar cells, and conversion rates. For instance, a regular photovoltaic panel will not run as efficiently when temperatures surpass 75 degrees Fahrenheit. Additionally, some of the technologies, like the amorphous panels, can just convert 7 % of the radiation they collect from the sun. And with wind power, at a minimum a ten mph wind is essential in order for electric power to be generated.

Investment in clean energy through 'net metering' can also give real estate owners the side-business opportunity to pull in a bit of extra money or credit by feeding their excess stock of electricity into the electric public grid. For instance, a building owner sets-up a few small wind turbines on his rooftop, and due to 3-4 of excellent wind conditions, he produces a greater quantity of energy than his tenants require. The landlord can then send into the grid, his surplus or un utilized electric power for this period. And for this, the property owner will be given credit or even a check by their public utility company.

Therefore, with clean energy there are plenty of ways that homeowners and landlords can utilize 'clean energy' to have a few tax breaks. It may take a bit of work and research and initial investment on the solar equipment and installation, but the payback period is going to be quite short; and most significantly, benefits to the environment are immense.

by: Craig Axelrod

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