Locations for Floating Solar
Choosing the right location for floating solar panels is crucial to ensure their efficiency and effectiveness. Ideal locations for floating solar include static freshwater bodies with few waves such as man-made ponds and reservoirs, or larger freshwater bodies with small to medium waves. Lakes made by hydroelectric dams and near-shore seawater such as harbors, estuaries, and ports with smaller-sized waves are also ideal for floating solar.
Floating solar platforms can be used to cut operating costs for onsite energy consumption. Customizable solar arrays can be mounted on large platforms to deliver power for other uses. For example, wastewater lagoons can derive enough power from solar on their islands to run their aerators, usually the most costly of their operating expenses.
Embracing floating solar technology not only contributes to a sustainable power sector but also showcases our commitment to combating climate change. With ongoing innovations and continual improvements, these floating solar panels will undoubtedly play a vital role in mastering energy efficiency and securing a cleaner and brighter future.
Floating Solar Benefits
New Jersey and New York Floating Solar Incentives
New Jersey’s Board of Public Utilities and NYSERDA’s NY-Sun Solar Program offer incentives that help reduce costs related to floating solar projects. An Investment Tax Credit (ITC) is applicable as a federal tax credit through a provision in the Inflation Reduction Act (IRA) of 2022. Organizations can claim both State incentives and tax credits towards the cost of a floating solar project. Depending on precisely which incentives, they may apply in a different order. There are a variety of floating solar incentives: those offered by the federal government, those offered by the New Jersey or New York government, and those offered by local utility companies, to name a few. Organizations can claim both rebates and tax credits towards the cost of the floating solar project.
Floating Solar Systems
Floating solar systems have many similarities with traditional ground-mounted solar systems, but also some differences, especially regarding anchoring, the flotation system, and the evacuation of energy from the plant. Floating PV solar modules are generally the same as those installed on land and are usually bifacial since this type, being dual-glass, provides better protection against humidity and corrosion. As for the electrical system, barge-type structures with high buoyancy are developed, which are used both for inverters and even for transformers. The same is true for cables, where major innovative solutions are being developed for floating solutions.
Floating Solar Key Components:
Floating solar development and services
Floating solar is a clean source of renewable energy that helps decrease the emission of greenhouse gas emissions and all of the other pollutants that they put in the atmosphere, leaving a positive impact on the environment as well as human health. Core Development Group has experience with a wide range of energy technology solutions for over a decade, with the deployment of renewable energy across the United States, which is why we are leading the industry in developing the implementation of various floating solar energy installations.
With experience and insights into floating solar technology, Core Development Group provides full, end-to-end Engineering, Procurement, and Construction (EPC) services for the most stable and functional floating solar systems available in the market—which means a smarter energy investment for any business looking to deploy renewable energy. Talk to us for more information on floating solar.