“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.
The local chapter of the National Alliance on Mental Illness moved; the newest clinic for Burrell Behavioral Health opened; and Prickly Cactus Coffee relocated.
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Michael Smith and Chris Sawyer, COO and CEO of Next Level Solutions respectively, discuss how they keep their remote teams and offices in and out of country on the same page. Next Level Solutions was ranked #1 in the Springfield Business Journal's 2021 Dynamic Dozen.
John Oke-Thomas, architect and co-founder of minorities in business, responds to the accusation that minority businesses are only successful because of the priority they have received in lending. He says that if a business uses a loan well, it shows their worth.
Sandra Smart, a technology and commercialization specialist, shares tips for entrepreneurs who are ready to seek funding. Some of her tips apply broadly; some target technology industry businesses. Smart works with tech entrepreneurs and startups, and hosts training workshops through the Missouri SBDC at Missouri State University's efactory.
Hollie Elliott discusses common misconceptions about locating your business in a small town. She says that there are a lot of benefits that people may not consider.
Drawing on his own experience dynamically evolving his company and business model, Jim Meinsen discusses when and how you might need to draw on new technology. Jim and Debbie Meinsen are co-owners of TCI Graphics in Springfield.
John Oke-Thomas, longtime Springfield architect, discusses his philosophy on architecture. He says that future historians will be focused on the sustainability of our contemporary architecture.
Erin Hedlun, director of marketing and communications at Evangel University, says compassion is an important job skill. Hedlun says it is a component of what makes a leader.
Rachel Barks, owner of Artistree Pottery, talks about the concepting that went behind the aesthetic of the business.