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Tag: energy news

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As the world moves towards more sustainable and renewable sources of energy, many businesses are looking for ways to incorporate solar energy into their operations. Whether it’s to reduce their carbon footprint, lower their energy costs, or improve their overall sustainability, solar energy offers many benefits for businesses. In this article, we’ll explore the different ways that businesses can incorporate solar energy into their operations and the benefits they can expect to see as a result.

Installing Solar Panels

One of the most straightforward ways for businesses to incorporate solar energy into their operations is by installing solar panels. Solar panels can be installed on the roof of a building, on the ground, or in a solar farm, and can generate electricity that can be used to power the building or sold back to the grid. This can help businesses to reduce their energy costs, lower their carbon footprint, and improve their sustainability.

Using Solar Energy for Operations

Another way for businesses to incorporate solar energy into their operations is by using it to power their operations. This can be achieved by using solar panels to generate electricity, using solar water heaters to heat water, or using solar lighting to illuminate buildings and outdoor spaces. By using solar energy for their operations, businesses can reduce their energy costs, lower their carbon footprint, and improve their sustainability.

Investing in Solar Energy

Finally, businesses can also incorporate solar energy into their operations by investing in it. This can be done by investing in a solar energy company, investing in a renewable energy fund, or investing in solar energy bonds. By investing in solar energy, businesses can help to support the growth and development of the solar energy industry and improve the sustainability of their operations.

In conclusion, there are many ways for businesses to incorporate solar energy into their operations. Whether it’s by installing solar panels, using solar energy for their operations, or investing in solar energy, businesses can reduce their energy costs, lower their carbon footprint, and improve their sustainability. If you’re looking to incorporate solar energy into your business, it’s important to consider the different options and choose the one that works best for you and your business.

If you're interested in learning more about solar energy and how it can benefit your home or business, consider scheduling a consultation with Energco to speak with one of our experts. 

The solar investment tax credit (ITC) is one of the most lucrative ways to reduce the investment costs of your solar installation, but in order to maximize this incentive, it’s important to include solar power in your 2019 planning. Follow this guide to ensure your business is able to take advantage of the ITC before it starts to ramp down.

Your business falls into one of these eligible sectors

  • Commercial
  • Industrial
  • Agricultural
  • Other sectors can take advantage indirectly

You installed eligible solar technology

There are a variety of eligible renewable energy technologies – one of them is a solar photovoltaic (solar PV) system that uses solar energy to generate electricity for your business.

Your installed solar equipment meets performance and quality standards

Professional installation by Centrica Business Solutions using highest-quality Tier 1 components will ensure you meet this criteria for the ITC.

You meet usage guidelines

In general, the original use of the system must begin with you (the taxpayer), or the system must be constructed by the taxpayer using a licensed and professional solar installer.

You own your solar energy system

Power Purchase Agreements (PPAs) and leased solar systems do not qualify. Instead, the owner of the system monetizes the ITC and passes the savings along to your business. 

You must complete IRS Tax Form 3468

When you file your yearly federal tax return, you take a dollar-for-dollar credit for what your business would have otherwise owed in taxes. If you don’t have enough tax liability to claim the entire credit in one year, you can roll over the remaining credits into future years. If you have any questions about how going solar may impact your individual tax situation, we recommend that you consult with a tax professional.

You must act now to claim the full 30%

The ITC is currently 30% of your system cost. You must begin construction of your system by December 31, 2019 to qualify for the 30%. Beginning in 2020, the ITC will ramp down:

  • 2020: 26%
  • 2021: 22%
  • 2022 onwards: 10%

News Source: https://www.renewableenergyworld.com/articles/2019/02/top-7-ways-to-make-sure-your-business-saves-money-with-solar-hint-act-now.html

The solar investment tax credit (ITC) is one of the most lucrative ways to reduce the investment costs of your solar installation, but in order to maximize this incentive, it’s important to include solar power in your 2019 planning. Follow this guide to ensure your business is able to take advantage of the ITC before it starts to ramp down.

Your business falls into one of these eligible sectors

  • Commercial
  • Industrial
  • Agricultural
  • Other sectors can take advantage indirectly

You installed eligible solar technology

There are a variety of eligible renewable energy technologies – one of them is a solar photovoltaic (solar PV) system that uses solar energy to generate electricity for your business.

Your installed solar equipment meets performance and quality standards

Professional installation by Centrica Business Solutions using highest-quality Tier 1 components will ensure you meet this criteria for the ITC.

You meet usage guidelines

In general, the original use of the system must begin with you (the taxpayer), or the system must be constructed by the taxpayer using a licensed and professional solar installer.

You own your solar energy system

Power Purchase Agreements (PPAs) and leased solar systems do not qualify. Instead, the owner of the system monetizes the ITC and passes the savings along to your business. 

You must complete IRS Tax Form 3468

When you file your yearly federal tax return, you take a dollar-for-dollar credit for what your business would have otherwise owed in taxes. If you don’t have enough tax liability to claim the entire credit in one year, you can roll over the remaining credits into future years. If you have any questions about how going solar may impact your individual tax situation, we recommend that you consult with a tax professional.

You must act now to claim the full 30%

The ITC is currently 30% of your system cost. You must begin construction of your system by December 31, 2019 to qualify for the 30%. Beginning in 2020, the ITC will ramp down:

  • 2020: 26%
  • 2021: 22%
  • 2022 onwards: 10%

News Source: https://www.renewableenergyworld.com/articles/2019/02/top-7-ways-to-make-sure-your-business-saves-money-with-solar-hint-act-now.html

TURKEY – International Energy Investments Triple

The proportion of direct international investment in the energy sector in Turkey tripled in the first five months of this year compared to the same period in 2017.

This was reported in statements collected by the Anatolia correspondent on the direct international investment of the Ministry of Industry and Technology.

The volume of international direct investment in the energy sector in Turkey during the first five months of 2018 was US $ 649 million, compared to US $ 202 million in the same period of 2017.

International direct investment in Turkey reached US $ 2.1 billion between January and May 2018.

According to data, direct international investment in the energy sector accounted for nearly a third of international investment in the whole of Turkey.

Manufacturing ranked second with $ 416 million, followed by $ 347 million, according to data.

In view of the distribution of international direct investments by country, 64.3 percent of the cash capital flowing to Turkey during the current year was from the European Union (EU) for about $ 1.4 billion, followed by Asia with $ 406 million and the United States by $ 175 million , And $ 172 million from the rest of Europe

For more details,visit the source of news

https://www.aa.com.tr