Category: Energy

Regulatory Emissions Consulting and Reporting in the Canadian Oil and Gas Sector

In the bustling corridors of companies like AltaGas and Athabasca Oil Corporation, professionals from various backgrounds converge to address one of the industry’s most pressing challenges: regulatory emissions consulting and reporting. From the Carbon Specialist at Anegada Oil Corp. to the E&I Coordinator at Archer Exploration Corp., the mission is clear – ensure compliance while optimizing operations.

DALL·E 2023 09 13 14.23.49 an oil and gas refinery in alberta canada emitting emissions - Regulatory Emissions Consulting and Reporting in the Canadian Oil and Gas Sector When we talk about fugitive methane emissions, it’s not just a buzzword. It’s a critical aspect that can significantly impact both the environment and a company’s bottom line. With Canada’s focus on reducing greenhouse gas emissions, understanding and managing these emissions becomes paramount. And that’s where tools like Environmental software by Intricate Group come into play, offering a comprehensive solution to track, manage, and report emissions seamlessly.

But it’s not just about the tools; it’s about the people. The Emissions Control Manager at Crew Energy Inc. or the GHG Emissions Manager at AltaGas plays a pivotal role in ensuring that the company

stays ahead of the curve. They’re the ones diving deep into the Multi-sector air pollutant regulations, ensuring every ‘i’ is dotted and every ‘t’ is crossed.

Stepping into the shoes of a Field Measurement Specialist at Bonavista or a Production Engineer at Apache, one quickly realizes the intricate dance of balancing operational efficiency with stringent regulatory compliance. It’s not just about crunching numbers; it’s about understanding the story they tell.

And speaking of staying ahead, have you considered the benefits of energy-efficient mobile boilers? Not only do they offer a more sustainable solution, but they also provide operational efficiencies that can significantly impact the bottom line.

DALL·E 2023 09 13 14.23.32 an oil and gas refinery in alberta canada emitting emissions - Regulatory Emissions Consulting and Reporting in the Canadian Oil and Gas SectorIn the realm of regulatory emissions, Canada has been at the forefront of implementing stringent measures to ensure a sustainable future. The Canadian government’s commitment to reducing greenhouse gas emissions, especially methane, is a testament to the country’s dedication to environmental preservation. This commitment has led to the establishment of various programs and initiatives aimed at monitoring and reducing emissions across different sectors, including the oil and gas industry. Another significant step in this direction is the Alberta Methane Emissions Program, which focuses specifically on the province’s efforts to curb methane emissions.

For companies in the Canadian oil and gas sector, navigating the complex landscape of regulatory emissions can be daunting. However, with the right guidance and expertise, it’s possible to achieve compliance without compromising on operational efficiency. This is where consulting firms specializing in regulatory emissions come into play, offering invaluable insights and strategies to help companies stay ahead of the curve.

One of the key challenges faced by companies in this sector is the accurate measurement and reporting of emissions. With advancements in technology, there are now sophisticated tools and software available that allow for precise tracking and reporting of emissions. These tools not only ensure compliance but also offer insights into areas where emissions can be reduced, leading to cost savings and improved operational efficiency.

The journey of regulatory emissions consulting and reporting is a continuous one. As regulations evolve and technology advances, companies must stay agile and informed. By partnering with experts and leveraging the right tools, they can ensure a sustainable and profitable future.

Meter Proving is a Vital Service to the Industry

Meter proving is the process of verifying the accuracy of flow meters used to measure the flow rate of fluids in various industries. Accurate measurement is essential in many applications, such as custody transfer and process control, where even small errors can have significant financial and operational impacts. Meter proving involves the use of specialized equipment to calibrate and verify the accuracy of various types of flow meters, including positive displacement, turbine, ultrasonic, and coriolis meters. In this article, we will discuss the importance of meter proving, the different types of provers used, and the benefits of accurate flow measurement.

Meter proving is a crucial process in industries where flow measurement accuracy is critical, such as the oil and gas industry. Accurate flow measurement is necessary for various applications, including custody transfer, where the ownership of the fluid is transferred from one party to another, and process control, where the flow rate must be maintained within a specified range to ensure optimal process efficiency. Small errors in flow measurement can result in significant financial losses, making meter proving a crucial process for any facility that uses flow meters.

There are different types of provers used in meter proving, including displacement provers, unidirectional provers, bidirectional provers, and small volume provers. Displacement provers use a precisely calibrated cylinder to displace a known volume of fluid, allowing for the calibration of flow meters. Unidirectional provers verify the accuracy of flow meters in a single direction, while bidirectional provers allow for verification of accuracy in both directions. Small volume provers are used to calibrate meters with low flow rates.

The benefits of accurate flow measurement are numerous, including improved process efficiency, reduced energy consumption, and decreased maintenance costs. Accurate flow measurement also ensures compliance with regulatory requirements and reduces the risk of financial losses due to inaccurate measurement.

In conclusion, meter proving is a vital process that ensures accurate flow measurement in various industries, including oil and gas, chemical, and water treatment. The use of specialized equipment and provers ensures that flow meters are calibrated and verified for accuracy, reducing the risk of financial losses due to inaccurate measurement. The benefits of accurate flow measurement extend beyond financial savings and include improved process efficiency and compliance with regulatory requirements.

Multi-Sector Air Pollution Regulations

Multi-sector air pollution regulations (MSAPR) are a set of rules meant to reduce the amount of air pollutants discharged into the environment from various sources. The restrictions attempt to reduce the quantity of pollution emitted by many sectors, including energy generation, transportation, and industrial activities.

There are various advantages to multi-sector air pollution regulations. For starters, these restrictions can aid in reducing the amount of air pollutants emitted into the environment. Asthma and other respiratory illnesses are among the health dangers related with air pollution. Furthermore, lowering air pollutants can assist to reduce the amount of climate-change-causing greenhouse gases discharged into the environment.

msapr - Multi-Sector Air Pollution RegulationsAside from the health and environmental benefits, multi-sector air pollution restrictions can also help businesses save money. This is due to the fact that laws can help to lower the amount of energy and resources required to manufacture a product or service. This can aid in lowering the expenses of energy production, transportation, and industrial processes.

The federal government is normally in charge of enforcing multi-sector air pollution restrictions, but local governments can also do so. Businesses may be obliged to install technology to limit the amount of air pollutants released by their facilities, depending on the rules. Businesses may also be obliged to minimize their emissions by employing more efficient equipment or cleaner fuels.

Multi-sector air pollutants restrictions can also help to reduce the economic costs of air pollution. Businesses can save the costs of repairing and replacing damaged equipment, as well as the costs of providing medical care to those impacted by air pollution, by minimizing the amount of air pollutants emitted into the atmosphere.

Multi-sector air pollution regulations (MSAPR) are critical to safeguarding the environment and the health of those exposed to air pollution. Businesses can save money, safeguard the environment, and lower the risk of health problems linked with air pollution by minimizing the amount of air pollutants emitted into the atmosphere.

Energy Services Companies Are Thriving Once Again

Undoubtedly one of the fastest growing sectors of the gas and oil arena is energy providers. An energy service company (ESCO) is a business that boasts a wide range of energy services including designs and implementation of energy savings jobs, retrofitting, energy conservation, energy infrastructure freelancing, power generation and energy sources, and risk assessment. The ideal objective of every ESCO is always to deliver noticeable savings in energy costs by providing energy audits and assessments and effectively making processes much more efficient in regards to energy rates.

Based on past stories and headlines out of energy media websites, going to 2022 we are set to see historic high big oil prices. The concern being though is the fact that there are numerous governments with their unique agenda that conflicts with progression in the oil centered energy industry. In Canada albeit there are a handful of provinces and regions with oil reserves, none have more than that of Alberta. The province has 39% of Canada’s remaining oil reserves.

ENERGY SERVICES 2 300x225 - Energy Services Companies Are Thriving Once AgainIt has become very clear that the new normal post COVID19 is forcing firms to examine their business models and adapt consequently. Technology has a considerable function in the energy market and as such ESCOs have adapted to service this now technologically progressed vertical.

It is fairly unknown outside of the sector however energy prices and efficiency can be refined and for that matter that is the primary mission for most energy service company. Deregulation of the energy sector in the 1990’s was the catalyst that propelled the surge of energy service firms. Now they are customary within many organizations which include municipalities, school districts, industrial jobs and commercial markets.

In 2006 the trade group NAESCO stated energy service firms increased by 22% and stated $2.6 billion in revenue marking a paramount moment for ESCOs through the country. In Canada the popularity of energy service companies also grew significantly mostly in the oil abundant province of Alberta.

There are a large number of types of energy service organizations which include but not limited to: meter testing and proving, industrial mobile boilers, fuel flare venting, sampling and analysis, shutdowns and turnarounds, industrial cleaning and plenty of other energy providers. But why bore (no pun intended) you with the particulars of all of them.

Energy procurement providers also play a vital role in the management of energy costs with the milestone of decreasing expenses and making efficiency a top priority in most organizations. The central focus of energy consultants should be to save their customer dough by negotiating energy prices and making current operations more energy-efficient. Setting a baseline before starting on any energy cost savings effort is a key factor to any energy management service. Energy consultants use a defined start task which should be to perform a wholesale and thorough energy audit to be later applied as a measurement of future energy cost savings. Commonly you will find the energy consultancy firm operating jointly with managers inside any organization they’re contracted by. This permits for brisk decisive decisions. It really is important to grasp the importance of immediate access to decision makers when reporting on energy finances and in particular when negotiating prices.

Field energy service providers firms offer a wide array of solutions this includes meter proving, sampling and analysis, electrical and instrumentation, vegetation management, automation and controls and even software solutions. Overall though we’re on the cusp of a paradigm shift within this sector due largely in part to the pandemic that has gripped the world over the past 6 months.

We spoke with Branden Bodah, an operations executive with Barton Energy providers and here’s what he had to say.

“The energy vertical has seen many hits over time and if I’m to be truthful, though this pathogen is damaging and in a wholesale way, the sector will bounce back. Our corporation as an example has used the past couple months to strategize on how we wish to go forward in 2021.”

Turnaround services is one more aspect to the assortment of service providers by energy service professionals which entails project management during the course of operational shutdowns of factories at the time of maintenance. This kind of service can entail numerous other service providers within it including mobile boiler rentals, measurement, meter testing and others. Based on the scale of the project, these contracts in most cases last from two to four weeks.

Market guidelines and government and industry regulations are the primary backbone to which all energy service organizations must function. Not all energy service organizations are the same however they do share similar goals one among them being decreasing energy spending.

Ahead of COVID-19 we had already begun to see utility firms begin to reinvent themselves and make  themselves more pertinent by bundling services you might not of previous thought they could offer. Things like internet providers now offering bundles with TV and home phone on top of the internet service. In Canada we commonly see energy providers partnering with government so they’ll be able to further broaden their scope with customers this includes the prominent gas company in Canada named Enbridge, Enbridge has worked diligently to extend their providers and products to capture more of the energy consumer sector. This phenomena was the inception of the current energy provider reinventing itself as a twin pack offer both the solutions like a utility company and the energy itself.

You’re probably asking yourself that if this truly is transpiring then wouldn’t that make private energy services companies obsolete? If there is any takeaway from reading this is that energy solutions companies are going to be with us for the foreseeable future and adapting to whatever the world brings its way.

Meter Proving: A Deep Dive

Meter proving occurs where a “prover” checks and confirms the precision of a meter irrespective of whether computerized, also known as SMART technology, or analog.  The aspects for meter proving also, the envisioned outcome, can vary as per the diverse  kinds of meters making use of distinct attributes. As an example, a gas meter prover samples the accuracy and reliability for gas meters. Meter proving essentially depends on the validation or meter factor prover that is the measure utilized for checking the distinction somewhere between the meter’s outcome with a pre-calculated array.

It might seem that meter proving and meter testing are one in the same – well they’re not – here is the distinctions somewhere between both.

Meter proving is a process for identifying a modification issue (i.e. a meter factor) to readjust the measured quantities for errors because of setup and functional impacts. NIST or The National Institute of Standards and technologies, hosts a great deal of important information in their databases that meter proving techs could obtain and evaluate their results from whatever meter they’ve been testing. Proving meters of hydrocarbon is widespread among pipelines. oftentimes provers will coordinate with meter station workers to do a comparison of outcomes.

meter proving vs testing 1024x555 - Meter Proving: A Deep DiveDespite the fact that meter testing has been around for over 100 years the equivalent standard is present nowadays as it did all those years ago. This is why testing via this method is sensitive to numerous different variations and insecurities.

Our experienced meter proving professionals pride themselves in providing only the most accurate and reliable readings in the industry. – Dale J of Intricate Group

Gas provers verify gas meters considering that they are definitely the most prevalent. City and public works are unequivocally the the majority of prevalent employers of meter provers. Provers work by moving a known amount of air through a meter while tracking the gas meters register, index, or central displacement. The  prover subsequently presents a proof, a valuation shown as a percent which compares the volume of air passed with the volume of air measured to ascertain the meter’s precision.

The bell is fundamentally a vertical inside container with an external protective exterior. There’s two tiers and while the outside layer is regularly loaded with oil, the interior layer is known as the bell. The liquid can behave as the airtight seal for testing. Bell provers are frequently counterweighted to offer positive pressure through a line and valve fastened to a meter. We frequently see casters on the bell that allows soft linear movement with no danger of endangering the strain produced by the bell seal moving.

Bells provide a volume of air which has been predetermined by measurement and regulatory stated temperature  pressure levels and the effective diameter of the bell. Bell scales are distinct to each and every bell and are generally attached vertically which includes a needle-like pointer. where proving a meter with a manually controlled bell, an operator ought to initially fill the bell with a controlled air supply or bring up it manually by cracking open a valve and tugging a chained mechanism, seal the bell and meter and inspect the sealed system for leakage, calculate the flow rate needed for the meter, apply a special flow-rate cap on the meter outlet, observe the starting points of equally the bell scale and meter index, release the bell valve to pass air through the meter, monitor the meter index and calculate the time necessary to move the predetermined quantity of air, and then manually calculate the meter’s proof accountancy for bell air and meter temperature and in some cases other external facets.

While we stated before, each meter and gas type has its own way of testing. When testing a natural gas meter you have to first visually inspect numerous things prior to conducting any automation. There are lots of different techniques of testing including gas quality.  In conclusion meter testing never compares data to a primary reference device. There’s one exception to the rule nonetheless and that is the orifice meter testing. This system does demand testing against a primary reference.

In the present day we have advanced and include vacuum driven provers which has the means to supply us with really legitimate flow data. Moreover these enhancements eliminated the need for a bell in testing as everything may perhaps be done through the nozzles. When sufficient vacuum is applied to a sonic nozzle it creates a constant flow rate. Bernoulli’s principle is applied to calculate the chosen flow rates chosen by the user or computerized by a computer. Computers and PAC systems automate the process, and many sonic nozzle provers are efficient at displaying not only meter proofs to a user, but are also capable of transmitting proofs as well as Some other important data to database components throughout a computer network.

Energy Services: Fastest Growth Sector in Energy Markets

A fast growth sector in the energy sector is the ESCO (Energy Service Company). An energy service company (ESCO) are providers that offers a diverse range of energy solutions which include plans and implementation of energy cost savings jobs, retrofitting, energy conservation, energy infrastructure outsourcing, power creation and energy sources, and risk management. An energy service company (ESCO) is a company that boasts wide-ranging energy solutions to its clients, which includes auditing, redesigning and developing modifications to the ways the client consumes energy, the main end goal being much better efficiency.

From their inception in the 1980s, energy service organizations have evolved and expanded. Since COVID enveloped the world we’ve seen probably the most radical modifications to this sector while trying to remain relevant. Modern technology has performed a key role in the progress of the energy providers industry.

energy services img1 1024x561 - Energy Services: Fastest Growth Sector in Energy MarketsMainly energy service providers give attention to cutting down on energy usage and saving organizations on energy rates by a range of techniques including moderating energy usage and discount rate agreements regarding energy procurement companies. In the 1990’s with deregulation we observed the rise of energy service companies then circumstances slowed throughout the Obama administration we observed reversals of regulations merely to again be deregulated by the current President Donald Trump. Now they are customary amongst many organizations such as municipalities, school districts, industrial jobs and commercial verticals.

The huge differences between the Republican led government of the U.S. and the left of Canada is drastic where one is convinced in extensive deregulations while the other controls the energy sector to the point of suffocation.

Each energy service company is different in their own technological specializations whereas others address the entire assortment of service  like  lighting, HVAC, piping, meter proving, sampling and analysis, instrumentation and others. While there are numerous different service within this sector, something they all share is an intrinsic tie to the market in general.

One of the more popular energy services is the one of energy management. Energy management firms are progressively more prevalent as energy prices go up. Energy consulting organizations fixate on one thing…budgeting by streamlining businesses from an energy expenditure viewpoint. Setting up a base line before starting on any energy cost savings commitment is an important element to any energy management company. This delivers a structure of existing energy consumption which sets out to ascertain reference points so the energy management consultant can exhibit any future savings. The rewards of operating directly with top organizational directors is that when a determination must be made its made at that moment. For this reason energy consultants work along side and are accountable to, business executives. Whilst energy management firms work singularly of the organization employing them, it is a reality that energy consultants work close with managers for many reasons.

Of the plethora of different service providers available, some may include shutdown service providers, new plant fabrication, fuel flare venting, well service and chemical cleanup to name a few. As to be expected across much of the world, coronavirus has forced the industry to rediscover itself and therefore we are now seeing many providers adapt to this “new normal”.

We spoke with Ellis Boon, an operations executive with Lightspeed Energy service providers and here’s what he had to say.

“Honestly it concerns me with what around the corner for the energy markets in Canada. With political trepidation and the risk of a resurrection of COVID-19 we are all susceptible to the governments of the world.”

Energy services companies oftentimes utilize performance contracting, meaning that if the project does not provide ROI, the energy service provider is accountable to cover the difference, thus assuring their clients of the energy and cost cost savings.

Since its inception in the 90’s, a single US governmental program called “Super-ESPC” (ESPC stands for Energy Savings Performance Contracts) has-been responsible for $2.9B in energy service company contracts. With it being renewed and modified in late 2008 they’ve granted 16 providers with what’s regarded as Indefinite delivery/indefinite quantity or IDIQ contracts priced at over $5 billion each on average. The company of energy service often means many things but the one commonality with them all is the common end goal of lowering energy expenses and making current systems more economical.

Energy utility providers started to advance before the pandemic when they started to see the implicit benefit in bundling different service jointly like telephone, internet and TV. But yet more than that you now see utility providers additionally providing home and commercial alarms and smart home solutions. It has become common in the United States and Canada that energy providers are now featuring bundled service like home phone, TV and internet but actually there’s way more of this going on in the B2B side while public surveillance and security systems are also being presented. From a simply economic/company view this marriage of utility company and service company is brilliance.

You’re probably asking yourself that if this truly is happening then wouldn’t that make private ESCOs obsolescent? Still we wish that 2021 brings much good fortune to the energy sector and we can look back at 2020 as a year of lessons.

3 Benefits of Using LED Lights in Your Home

Electric bills can go as high as fifteen-hundred dollars a year. That means you’d have had spent a decent portion of your income and the worst part is that you don’t know how to reduce your electric bill.

Unfortunately, it’s not as simple as many people think. There are several factors that affect that one bill that you’ll get at the end of every month.

Despite that, there are countless ways to save money on your electric bill, and you don’t have to figure all of them out yourself. I’ll save you the trouble and tell you how you can minimize energy consumption on the lighting of your home.

Reducing Energy Consumption

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When it comes to minimizing the energy consumption of light bulbs, one thing comes to mind – LED lights.

Light Emitting Diode (LED) is known to have revolutionized energy-efficient lighting. That said, LED bulbs will consume 80 percent less energy than traditional lighting.

Reduced Cost

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Since LED light bulbs are more energy-efficient than traditional lighting, the cost of each bulb will be more expensive. But that doesn’t mean you’ll lose money because each light bulb will last six times longer.

Since the cost of LED bulbs isn’t six time more expensive, it’s safe to say that you’ll save money in the long run.

Environmentally-Friendly

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Although it’s not exactly saving or reducing your electric bill, it’s important to note that LEDs are eco-friendly. And not just because they don’t do any harm to the environment, it’s also because they bring benefits instead.

One is its long lifespan that means lower carbon emissions. There’s also no need to turn on a lot of LED bulbs, because they are brighter than traditional lighting, saving energy, and helping the environment.

Conclusion

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LED bulbs are beneficial to your wallet, house, and environment. So you no longer have any reason to not use them. Just remember to follow the proper precautions, because there might be consequences to handling LEDs lightly.

The Connection Between Oil and Solar Energy Revealed

The solar and oil and gas industries have been competing for the future of energy for a long time now. But that doesn’t scratch the surface of what their relationship really is.

In fact, some might not know about it, but solar energy is starting to play a critical role to the oil and gas industries. Over the years, there has been several advancements in the solar energy sector.

Now that the technologies have improved greatly, oil and gas industries are now finding a need for it. So in this blog post, you’ll learn the connections between the oil and gas industry and solar energy.

The Problem of the Oil and Gas Industry

gray industrial machine during golden hour - The Connection Between Oil and Solar Energy Revealed

Oil and gas companies can’t perform operations such as drilling, mining, and others, without energy. That’s already a given. Now here’s the problem:

How can they continue the operations in places without much energy? That’s one reason why solar energy is becoming more and more important to oil and gas industries.

Transporting Energy Can Be Costly

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Since they have to bring the energy, they consume on their job sites one way or another, off-grid solar energy is very important. They’ll save travelling expenses, time, and effort only because they don’t have to transport and store energy anymore.

Storage Is Easier to Manage

solar panel array roof home house - The Connection Between Oil and Solar Energy Revealed

Besides transport, solar energy can be stored onsite easily than most types of energy. And they can save more energy just because it an last all day long.

But that’s not exactly the deepest connection between these industries. There are more, but his is definitely the most noteworthy.

3 Common Myths About Solar Panels Busted

Solar panels can bring numerous benefits to home owners and even the neighborhood. That’s common knowledge. Others suggest that you will only gain something and lose nothing with solar panels.

But as usual, there are still skeptics that doubt solar panels. This might be due to the countless myths that surround solar panels. So we’re here to set the record straight.

We’re going to debunk the three most common misconceptions regarding solar panels and how it affects buyers’ decision to invest in solar panels. Let’s get on with it!

The ROI Takes Too Long

time timer clock watch hour - 3 Common Myths About Solar Panels Busted

This is one of the most common myths you’ll found surrounding solar panels. You will need to wait for ten years just to see the return on investment.

This is actually incorrect. You will need to take into account how much energy the solar panel can create and how much the initial installation cost was.

Since there are several factors affecting this, it’s only going to take only four to six years to see some ROI. Aside from that, your house value will increase for every bit of energy saved.

You Need to Live in Places That Have a Sunny Climate

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This might not be an issue to others, but people in places with cloudy or any other climate besides sunny, will have issues when deciding to invest in solar panels.

You guessed that right, this is also incorrect. By definition, solar panels don’t rely on the temperature of the sun, it’s the energy. So even with colder climates, you’ll benefit from solar panels the same as with sunny climates.

Solar Panels Need to Be Maintained Regularly

alternative energy building clouds energy - 3 Common Myths About Solar Panels Busted

Solar panels are built not only to be durable, but also in a way that it requires minimal maintenance. So there’s no need to think of the maintenance costs and all that, because they do not exist with solar panels.

Whether you like it or not, you’ll also see some issues when having solar panels. So it would do you good to study about how solar panels work and how you can utilize them to the max.

3 Undeniable Benefits of Installing Solar Panels at Your Home

There are many people interested in going solar, but just by looking at the costs of installing the system stops them from doing what they want. It’s undeniable that solar panels costs more than what most people can afford, but will it really be worth your investment?

The simple answer to that is yes.

The benefits can make you forget about the initial costs that you’ll pay. And take note that it’s not only saving energy for you house, but many more.

So today, you’ll finally find out if solar panels are worth investing your time and money on with these benefits.

Electric Bills Are Reduced

person holding and showing 100 dollar bills from leather wallet - 3 Undeniable Benefits of Installing Solar Panels at Your Home

This is the primary benefit of installing solar panels and probably the main reason why many people are considering getting it.

Solar panels don’t have to rely on unstable or unreliable sources. They can just effortlessly produce energy from one of the most abundant resource on the planet – sunlight.

While it’s true that the initial costs of solar panels are huge, you will slowly get that investment back month after month after month.

However, remember that having a solar panel system doesn’t always remove all your energy bills. There are times that you’ll still have energy bills, but they’ll be considerably lower.

Excess Energy and Savings

action blur bulb dark  - 3 Undeniable Benefits of Installing Solar Panels at Your Home

Here’s what you might be asking yourself. I said solar panels don’t always remove all the energy bills, but what if it does?

You’ll earn from it! When your solar panels produce more energy than your household needs, the utility company will receive that excess energy and you’ll be credited for it.

Another way you can benefit from the excess energy is that it can be your savings. With cloudy weather or a cold climate, you can pull the energy that you’ve saved (which are excess from previous months) so you can use it and possibly cancel out your energy bills.

Another thing to remember is that the price of energy varies, so the energy that you’ve stored can become more valuable as the time goes by.

Home Value Is Increased

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In addition to saving money through energy savings and energy efficiency, your home value will also be increased.

For every certain amount of energy saved, your home value increases, and that goes on forever. For example, for every $1,000 worth of energy you save through the use of solar panels, your home value will increase by $10,000.

So say you save $100 worth of energy per month, it will only take 10-20 months to increase your home value with the same price as the installment of the solar panel system. Of course, that’s still not counting the long-term benefit.

So, have you decided to install a solar panel system after all? You may be skeptical for now, but as the time goes by, solar panels might be commonplace and you won’t be saving energy as much as you should’ve saved if you’ve installed them now.