EcoMark Solar and the Colorado Solar Industry Poised for Massive Growth in 2019
Solar accessories, tax credit decreases, and utility rate increases are driving expansion in the residential Solar industry in Colorado.
DENVER, Feb. 6, 2019 /PRNewswire-PRWeb/ -- All across Colorado's Front Range, electrical utility providers are increasing their rates and changing the way they charge for electricity, driving their customers towards residential solar in record numbers.
As the # 1 residential Solar installer in Colorado for the last 4 years, EcoMark Solar was able to capitalize on that momentum and grew over 20% in 2018 with even stronger growth forecasted for 2019. This year, EcoMark Solar began coupling solar accessories with their solar panels to create custom home energy solutions that help their customers avoid rate hikes and become more energy independent. These new offerings optimize a homes' efficiency, increase equity and save homeowners more money than they ever anticipated. With the full 30% federal tax credit for solar ending in 2019, the urgency is also fueling the rush to "Go Solar."
In a Report by Deloitte Transactions and Business Analytics LLP, the 2019 Renewable Energy Industry Outlook has many factors working to keep that growth going throughout 2019. The report cites three trends that are predicted to shape renewables over the coming year. "Those trends include emerging policies that support renewable growth, expanding investor interest in the sector, and advancing technologies that boost wind and solar energy's value to the grid, asset owners, and customers." With all the momentum gained, the year-over-year outlook for the Solar industry continues to pick up speed and is predicted to top the 100 gigawatt mark for the first time.
In a broad sweep, almost every utility across the front range announced changes in their billing policies which resulted in higher costs to customers. Some switched to "Time of Day" billing meaning that there is 3 fold difference between on-peak and off-peak hours' rates for electricity. This means that Colorado homeowners now need to monitor when they use their electricity, as well as how efficiently they use their energy.
Other utilities just decided on a standard rate increase which just enhance the cost-benefit analysis that EcoMark Solar shows their customers with a home solar and storage solution. Moving to solar and net metering can help reduce the exposure to high payments to the Utility companies. Adding the new product line of batteries and "Smart Panels" can redirect energy draws from personal appliances, potentially eliminating all exposure to the high rates of on-peak hours.
A homeowners' decision to go solar while the Federal Tax Credit is still at 30%, is adding fuel to the clean-energy fire. To claim the full credit means that the installation must happen in 2019, since there is a 90-120 day installation cycle, people who have been curious about going solar are getting serious. The difference between this year's tax credit and next year's tax credit is roughly $1500 for the average sized solar system. The government incentives are still the best they've ever been, but their days are numbered.
Increasing utility rates have driven homeowner's desire to find an alternative to the eternal electricity bill. The unique and custom solutions that EcoMark Solar has been able to develop is why now is the best time to go solar if you haven't already. Couple that with smart home technology and energy storage solutions, Colorado homeowner are seeing real options for their families.
EcoMark Solar is a Colorado-based solar panel installer with many products to offer. To find out more contact them at their website, http://www.EcoMarkSolar.com or call 720.432.6411.
SOURCE EcoMark Solar
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