With a green energy initiative, you not only enhance your business dynamic and foster a better tomorrow for the planet, but you also reap a number of other benefits. If you’re searching for a win-win addition to your business and how your business can benefit, read on about green energy initiatives.

Earn Tax Credits

As a business owner, you’re always searching for ways to lower your tax liabilities and maximize your bottom line. But rather than use creative accounting to cut your taxes, a green energy initiative can lower your taxes in a way that won’t alert the IRS to your business dealings.

In 2009, the federal government established a number of initiatives to encourage business owners to use green energy. Several states followed thereafter. That means if you install solar, wind, or geothermal power in your business, you can get about ⅓ of the installation cost back on your taxes.

Become a Steward of Social Responsibility

While business owners want to maximize their profits and cut costs, successful companies are so much more than that. They’re pillars of the community and lead by example.

A green energy initiative demonstrates this leadership role and helps them become a steward of social responsibility. Although you may not see an immediate impact in your community, the increased visibility is half the battle. You may just see more businesses and residences around town follow suit.

Attract Customers

In the modern age, corporations understand the attractive nature of green initiatives. That’s why you see compostable cups at Starbucks, plant-based “meat” at McDonald’s, and other measures designed to cut waste and help the environment.

But what’s the real reason for these transitions? To attract customers. As a proponent of green energy, you encourage growth and business from people who care about the environment. And even those that just want a low price may come to your business due to societal pressure.

Either way, you can go green and reap the benefits of a larger market and customer base.

Save on Costs

More and more companies are going remote during COVID, but just as many are itching to get back in the office. If this describes you, green energy is a godsend. Not only can you return to your workplace, but you can also cut costs while doing it. Whether you’re installing green energy systems or just moving all your paperwork to a cloud, you’re going to see the difference on your energy bill or office supplies.

Implementation Issues? Rely on Our Clean Energy Consultants

If you’ve never implemented a green energy initiative, the entire process can feel overwhelming. But don’t go it alone. Instead, call our green energy consultants at 3 Phases Renewables. With experience in the business, an understanding of how to cut costs, and ideas for a greener future, our team has everything you need for a successful transition to sustainable energy and business practices.  Send us a message or give us a call to discuss your clean energy business plans.

The post How Your Business Can Benefit from a Green Energy Initiative in 2022 first appeared on 3 Phases Renewables Inc.

Investment Tax Credit

Perhaps the most cited incentive of renewable energy in the U.S. is the Investment Tax Credit or ITC. Also known as the solar tax credit, this incentive allows both residential and commercial buildings to deduct 26% of the installation cost of solar panels. According to the EPA, this saves the average person or business a total of $9,000.

However, you’ll have to act fast to get the most out of the credit. While the 26% deduction remains in place through 2022, it lowers to 22% in 2023 and down to just 10% in 2024.

A lot of these incentives are confusing to businesses, our team at 3 Phases Renewables works with businesses to ensure they get the most for their shift to green energy solutions.

Lower Energy Costs

Renewable energy incentives aren’t immediately recognized on your tax bill. Instead, the incentive lies in lower energy costs for your business each and every year. Rather than paying the utility company for oil- or coal-based power, all of your energy comes through your wind, geothermal, or solar installations.

With these savings, you have more money to spend on marketing, advertising, or expansion. That’s enough incentive for almost any business owner.

Boost to Public Relations

Social responsibility may seem like an afterthought in comparison to profitability and streamlined operations, but customers and the community will notice. As a result, an improved reputation for your business is an incentive to make the switch to renewable energy. Customers that would ordinarily go to another business may frequent yours instead just because of your commitment to cleaner energy and a better environment.

Becoming an Industry Leader

Every business aims to gain a competitive advantage. While this often results in innovation and creativity to make new products and services, your business can become an industry leader by the adoption of green energy. Instead of being just another business in a sea of competitors, you make a name for yourself through your choice of renewable energy. The incentive is clear: become an early adopter, and you’ll become more of a trusted name in a highly competitive market.

Our renewable energy consultants have helped hundreds of businesses, whether it’s one location or a national brand, we can assist you from A to Z in realizing all the benefits that come from renewable energy.

Stimulating Job Growth

Any reputable business understands that success for a business lies in the success of the community. That’s why there’s no better incentive for installing renewable energy sources than stimulating job growth in your area. When you decide to install solar panels or a wind turbine, you work with local companies that put people to work. The win-win scenario ends up being a benefit for both the local economy, workers, and your business.

Renewable Energy Is a Boost to Your Business Reputation

Green energy presents a number of advantages to both homeowners and businesses. But as a business, the incentives provided by the government can increase your bottom line by lowering future energy costs and your tax liability. Moreover, the benefits of going green is realized through an improved reputation. As a socially responsible and green-conscious business, your customer base will notice. And that’s an incentive in and of itself.

Give us a call to schedule a discussion relating to your business and renewable energy.  We have a wide range of services and options to provide you, rest assured it will be options that are beneficial to your business and the environment.

The post All About Renewable Energy Incentives first appeared on 3 Phases Renewables Inc.

Yet beyond Tesla, plenty of other companies are vying for their piece of the EV market. With innovative new ideas aided by the world’s desire to curb greenhouse gas emissions, these companies have a bright future in the EV space.

1. Canoo

Whether you love them or hate them, Canoo’s lineup of EVs is sure to turn some heads. Featuring a futuristic-looking full-size van, a minivan, and a truck, the company aims to bring EVs to the masses.4 Companies Making the EV Transition Possible

In the past few years, Canoo has developed a modular electric platform that’s purpose-built to provide maximum interior space while also offering a range of up to 250 miles. Moreover, Canoo allows you to rent its vehicles on a carsharing basis in the future. Just download the app, reserve your vehicle, and you’re ready to go.

Canoo is also moving its headquarters from California to Bentonville, Arkansas, also known as the home of Wal-Mart. With this move, rumors are swirling that Canoo will become the vehicle provider of Wal-Mart’s “last mile” delivery service. So if you see a Canoo delivering your groceries in the future, don’t be surprised.

2. Lucid

Although Tesla is marketed as a luxury car, it can’t touch the opulence that EV-maker Lucid provides. With a price point of $75,000, the Lucid Air is perhaps the world’s most luxurious EV. In 2021, the EV earned the coveted Motor Trend Car of the Year Award, putting it on the radar of enthusiasts and average car-buyers alike.

While the company has only delivered 520 units, the technology and features speak for themselves. Offering nearly 500 miles of range on a single charge, expansive interior space, trunks in both the front and the back, and an end-to-end sunroof that puts other cars to shame, the Lucid Air brings the California-based automaker to the forefront of the EV revolution.

3. ChargePoint

Founded in 2007, ChargePoint is to EV charging what Tesla is to EVs. As the first major company to produce electric charging stations, the company has 18,000 charging stations from coast to coast.

Moreover, ChargePoint aims to change how businesses look at EV charging. The company currently has 76% of Fortune 500 companies on their list of clients, making a marked impact on the availability of charging and pushing the idea as a perk to potential employees.

ChargePoint also has a list of accolades and accomplishments to its credit, including the reduction of 462,000 metric tons of greenhouse gases, the first company to have Energy Star-certified charging stations, and over 20 awards from CNBC, Goldman Sachs, and the World Economic Forum.

If you own a business that you want to make EV-friendly or you just want to own an EV for yourself, our team of renewable energy consultants at 3 Phases Renewables makes the transition seamless. With tons of knowledge on products, tax breaks, and other solutions, you can make head waves of your own in the EV space.  Give us a call to schedule a private appointment and let’s discuss all the options available for your business.

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What Are LCFS Credit Rebates?

Introduced in 2007 and passed in 2011, California introduced the first low carbon fuel standard in the world. With this law, California aimed to reduce greenhouse gas and carbon emissions at every level, ranging from refineries down to consumer vehicles.

Administered by the California Air Resources Board (CARB), Low Carbon Fuel Standard, or LCFS, credit rebates provide tax credits and incentives to companies that install charging stations at their place of business.

The amount of the LCFS credit is determined by the amount of energy provided to electric vehicles via EV charging stations. These prices can fluctuate, but charging just one EV daily can provide up to $1,500 in rebates each year while charging 10 cars regularly gives you a rebate of $15,400 per year on average.

How to Establish an Electric Vehicle (EV) Fleet for Your Business

Although less than 1% of fleet vehicles in the United States are electric, don’t let that deter you from adopting an EV fleet for your business. The advent, popularity, and increased production of electric cars and plug-in hybrids make your transition to green cars far more streamlined.

In 2021, the federal tax credit was $4,500 per electric vehicle, but a September 2021 bill introduced to Congress may raise this to $12,500 a car. This makes establishing an electric vehicle fleet even more enticing.

To establish a fleet, start small. You don’t have to replace every car at once. More importantly, you should set a target date to go all electric. This gives you the ability to measure your goals and take the necessary steps to creating an electric vehicle fleet.

Installing EV Charging Stations at Your Business

To build an EV fleet and receive the LCFS rebate, you absolutely must have EV charging stations. But thanks to more companies offering this service, finding an installer is quick and easy. Installing several charging stations from providers such as ChargePoint, Blink, or Volta can get your fleet juiced up. You may also be eligible for tax credits of up to $30,000 from federal programs in addition to the rebates you get from the LCFS.

Why You Should Work with a Green Energy Consultant

While seemingly simple in theory, establishing an EV fleet and installing charging stations are far easier with the help of a green energy consultant. Our team at 3 Phases Renewables understands the needs of businesses and are experts at implementing EV- and green-related products.

So don’t try to go it alone. Contact our green energy consultants to provide you with a detailed assessment so you can get the most out of your green initiatives.

The post Reduce Carbon Emissions and Get Your LCFS Credits first appeared on 3 Phases Renewables Inc.

Why is renewable energy considered clean energy?

Renewable energy is an energy source that provides a limitless or endless amount of power. Essentially, these sources can replenish themselves naturally and won’t become depleted with overuse or excessive use.

Clean energy sources are simply sources of energy that provide zero carbon emissions or pollution. This is a far broader term, encompassing renewable and natural energy sources, as well as those that produce no emissions, such as hydrogen fuel cells.

After sorting out the definitions, renewable energy certainly falls under the umbrella term of clean energy, but the converse isn’t necessarily true.

Are all renewable energy sources clean?

Although there’s a common misconception that all renewable energy sources are also clean energy sources, this statement simply isn’t true. For example, nuclear power, provided it doesn’t produce a meltdown, is technically a clean energy source because it produces no emissions, but it isn’t renewable. Bio-gases would also fall under this definition, as they are often clean energy but not renewable as the amount of the source materials is limited.

What are examples of clean energy and renewable energy?

To further differentiate between clean energy and renewable energy, examples are crucial. If you still can’t wrap your head around what energy sources are clean or renewable, this should help clarify the situation.

Examples of Renewable Energy

Renewable energy can be replenished by nature. Thus, anything that naturally produces power is almost always renewable. This includes:

• Solar power
• Wind power
• Hydropower
• Geothermal energy
• Some types of biomass energy or power

Examples of Clean Energy

All of the examples above fall under the term of clean energy, but clean energy also has a number of other sources that aren’t renewable. Some of the most common examples of clean energy include:

• Natural gas, which falls under this term because it produces so little emissions
• Nuclear power

Is clean energy more efficient?

Despite lobbyists showcasing that non-renewable energy sources such as coal or oil are more efficient, this is only a partial truth. Coal has about 33% efficiency compared to 50% efficiency of biomass, 28% efficiency of hydroelectric, and 18% efficiency of wind power. Other forms are less efficient, but on the whole, there’s little difference between the efficiency of non-renewable and clean energy resources.

Are renewable energy and clean energy the sources of the future?

Both renewable energy and clean energy will become more important for power as time goes on and more non-renewable energy sources become depleted. Add in the campaigning and worldwide effort to curb global warming, and the usage of renewable and clean energy sources looks bright.

If this is still confusing, we’re here to help.  Our team of experienced renewable energy consultants will work closely with your business to provide you with all the options available.  From incentives to renewable energy options that have a great return on investment and everything in between.  Contact us to schedule a consultation today.

The post Renewable Energy Vs Clean Energy first appeared on 3 Phases Renewables Inc.

California Direct Access Program

Businesses are in a unique position to take control of their clean energy goals through the California Direct Access Program. Started in 2009, this program allows businesses to choose its electric service provider (ESP) instead of through a regulated utility company.

So, what does this mean for you as a business owner? With the ability to choose where your power comes from, you can transition from fossil fuel utility companies to those that solely use sustainable sources. In most cases, this is a far more affordable option. Plus, you’ll move closer to your overall energy goals through a reputable provider.

Our team of nationwide energy consultants at 3 Phases Renewables can help you get there quickly and effectively.  We specialize in clean energy solutions that will help you reduce your carbon footprint with an excellent return on investment.

Distributed Energy Generation

Another positive aspect of green is energy is distributed energy generation. This term refers to sustainable energy sources that create and store energy near the end user instead of at a remote point of origin. In this instance, distributed energy generation refers to any energy generator installed at your business. Some examples of distributed energy generation technologies include:

• Fuel cells
• Wind power
• Solar power
• Microturbines
• Combined heat and power (energy sources that capture extra heat and reuse it)

Unlike normal utility/power grids, distributed energy generation sources provide reliable power at a fraction of the cost while also relying on sustainable sources. As a result, your business’s power is always self-sufficient, even when power grids fail.

Clean Energy Tax Credits for Businesses in California

As a progressive state in green energy initiatives, California offers plenty of tax incentives for business owners. The Solar Tax Credit, also known as the Investment Tax Credit, is one such program. This program offers up to a 26% tax credit for businesses on the purchase and installation of solar power mechanisms by the end of 2020. However, timing is important. Businesses that wait until 2021 will still get a tax credit, but it will only be 10% of the original purchase and installation price. Keep in mind that a backup solar panel is also eligible for this tax credit.

But don’t install green energy products without due diligence. Before you install a power, source or sign up for one of these programs, work with our experienced clean energy consultants to maximize your benefits. We have the expertise and experience to set you up with the ideal clean energy source. Plus, we’ll help you lower your costs while also taking advantage of state and federal tax credits.

Thanks to a plethora of options, your business can get one step closer to dependable green energy without excessive costs. Call us today to discuss all your energy saving options.

The post Meet Your Clean Energy Goals with Wholesale Products and Services first appeared on 3 Phases Renewables Inc.

How Business Are Using Clean Energy

In some respects, businesses have a social responsibility to use clean energy whenever possible. The good news is that there’s a green energy solution for all types of businesses and budgets. Some of the most common types of ways that businesses gather clean energy is through:

• Solar power for buildings, electric cars, and plug-in hybrid vehicles.
• Wind turbines of various sizes.
• Other types of clean energy sources via an energy grid, including hydroelectric, wind, and solar power.

Although renewable energy sources are still in the minority of energy generation in comparison to coal, natural gas, and oil, setting an example can encourage other businesses and individuals to follow suit.

How Businesses Benefit from Clean Energy

Businesses can profit from clean energy in a number of ways. Although the initial cost may seem high, the advantages generated will provide benefits for years to come.

Improved Reputation

One of the non-monetary advantages of clean energy is an enhanced reputation. Showcasing your dedication to renewable energy through action instead of words can cause consumers to recognize and frequent your business. Plus, your approach to green energy is sure to entice new customers from other demographics and age groups that are more active in the adoption of clean energy.

Reduced Costs

Power generated by fossil fuels is costly. But by some estimates, switching to solar or wind power can reduce monthly energy bills by up to 25%. In addition, the federal government—as well as state and local governments—offer tax credits for businesses that switch to green energy. The total amount of tax credits varies from place to place, but they can help offset the initial cost of equipment installation.

Leading by Example

Becoming a frontrunner and trendsetter in the business world can not only improve your brand loyalty, but it can make a marked impact on individuals and other business owners. While this may not lead to immediate changes, planting the seed of green energy can eventually inspire others to do the same—expanding your clout and reputation.

How Clean Energy Makes Businesses Creates a Better Tomorrow

By using clean energy sources, businesses can build a better tomorrow. However, this starts with a sense of responsibility to improve the community that supports the business. While green energy has many benefits for businesses, it also helps the local community through better air quality, less global warming, and a better future with fewer problems for our children.

Clean energy isn’t just a fad in the business sector. It’s a company-wide feeling and belief that going green is the key to the future health of the planet. By joining the companies around the globe with green initiatives, your company becomes a steward of a better tomorrow. That’s something that your customers and employees will get behind.

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