“I think the biggest barrier to solar installation is making sure you’re fully informed on what you’re buying, says Leroy Schaefer with Sunbelt Environmental Services. Leroy says whether it’s a commercial, industrial or residential application, you need to be sure solar is right for you. Steven Schaefer explains federal tax credits available to businesses that choose to install solar panels.
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- - Hi, I'm Steven Schaefer.
- And I'm Leroy Schaefer with Sunbelt Environmental Services and Sunbelt Solar.
I think the biggest barrier to solar installation is making sure that you're fully informed on what you're buying, and make sure that it's right for you. Whether it's a commercial application, industrial, or residential, make sure you know what you're going to get.
- The biggest thing is direct sunlight. You need direct sunlight for it to be the most efficient. So, any kinda shading from trees is gonna hurt your return on investment in the long run. We have some sophisticated software that we use, and we basically just plug in the last year of your utility bill or electric bill, and then come out with an equation.
- And one of the other things is you need to make sure your house, your carbon footprint is as small as you can because we don't wanna sell you more panels than you need. So, if you replace windows, add attic insulation, you can reduce your carbon footprint, your utility bill, and buy less panels to generate your electricity. As soon as you turn that switch on, you're saving money. And the other thing to remember is, Steve, tell 'em about the federal tax rebate.
- There's still a 30% tax credit, federal tax credit good 'til 2022, and then it'll taper off to 22% and then down again. The total bill for the install, material, labor.
- It's fairly simplistic. At the end of the year, and you've acquired your bills for your solar installation, you need to talk with your tax accountant, but it's a fairly simple one-page form that you turn in.
I actually did it myself. Before we started selling solar publicly, I installed one of Sunbelt's first systems so, one, I could use the product we're selling, and then, two, go through the tax rebate, and it was very simple to get the money back. I did a $30,000 installation and roughly got $10,000 tax credit back. If you're retired, you've got less income, so you can carry it on for multiple years of your income tax to get the full tax credit.
Read profiles of this year's honorees.
Aaron York, general superintendent of Donco 3 Construction, describes what he sees in the construction job market in Springfield in 2021. Rachel York is the co-owner of Donco3 Construction.
Jim Meinsen gives his advice for finding new clients as the owner of a new or existing business. Jim and Debbie Meinsen own TCI Graphics, and recently celebrated 50 years in business.
Jeramey and Julia Henson discuss the reason they and HM Dentworks co-owner Chris McWhirter started the HM Dentworks Academy. With the job demands of their field taking them across the country, all three felt that they needed a plan for the future.
Caleb Scott, owner and coach of the Queen City Insane Asylum, says the name for the team was chosen lightheartedly. He said the name also catches people's attention.
Barak Hill gives advice based on what he learned from the COVID-19 pandemic and how it affected his business. He says we should all have a backup plan ready to use.
Sandy Higgins, owner of the Crackerjack Shack, recommends the book "The E-Myth Mastery" by Michael E Gerber. She says it changed the course of how she runs her business.
Aaron York describes the work culture he tries to foster at Donco3 and why he attributes to it a part of Donco3's success. Rachel York is a co-owner of Donco3 and Aaron is the General Superintendent.
Hollie Elliott, executive director of the Dallas County Economic Development Group, explains how local schools factor into business decisions and affect a local community.
Rachel Barks, owner of Artistree Pottery, says an important lesson she learned was not to over-expand and to do her research before hand. She gives examples from her experience as a startup business owner.
Jim and Debbie Meinsen own TCI Graphics, and are now celebrating 50 years of business. Jim Meinsen takes some time to explain his philosophy on debt, and how to stay out of it.