Commercial Solar and Energy Storage Leases – With Stan Fishbein

Commercial Solar and Energy Storage Leases – With Stan Fishbein

Businesses regularly use leases to finance their buildings, vehicles and equipment. And anyone who has rented an apartment or leased a car knows that they can benefit from a nice place to live or set of wheels without a major up-front investment. (more…)

Commercial Energy Storage with Neil Maguire of Adara Power

Commercial Energy Storage with Neil Maguire of Adara Power

For the past 15+ years companies have been installing PV solar systems to reduce their energy costs, measured in kilowatt hours (kwh). But solar systems only reduces a company’s energy costs — and many companies also get billed for peak power demand charges. These demand charges are measured in peak kilowatts (kw) per month, and can be as high as $15-$20 per kw peak per month. So if a company has a 200 kw peak demand and is on an electric rate with a $20 per kw demand charge, they would be paying $4,000 per month for their peak demand — in addition to their normal per kwh energy charges. In some cases these peak demand charges are 50% or more of a company’s total electric bill. (more…)