The renewable propane energy marketplace is growing in leaps and bounds. More homeowners, both homeowners with newly installed systems or those who are looking to upgrade to a better system, are finding that there are many different rebates and incentives available to help them get started. With prices for both systems and for the fuel they power rising, it makes good financial and economic sense to take a step into the renewable energy marketplace. But where should you begin?
The first thing you need to do as an individual homeowner, or as the manager of a commercial property business, is to contact your local Mutual Insured Funds Association or MIPA. These associations represent a group of the country’s largest and most successful mutual insurance and investment groups. These associations serve as the gateways to the renewable energy marketplace. If you have questions about what types of programs are available to you or your property, you can ask your broker or contact the MIPA directly.
Most MIPAs will send a qualified professional to visit your home or property and determine which type of renewable fuel or renewable electricity will be most efficient for you or your site. The renewable categories include: solar, wind, biomass, hydropower, geothermal, and biomass. You will then be presented with several different options. Some will be more expensive than others. Your agent will sit down with you and discuss the various options with you, your budget, and the potential benefits and challenges you may come across.
In order to get a renewable propane or renewable heating oil industry quote, you can contact either the Mutual Insured Fund Association or the MIPA. These organizations represent the best interests of the country’s largest mutual insurers and investment groups. They also work in partnership with the Department of Energy, which is one of the largest federal agencies in the United States. Because it offers renewable energy loans and business cash, the Department of Energy has established an Office of Fossil Fuel Research and Development to support research in the renewable fuel industry.
Another type of renewable fuel that is becoming more prevalent in the United States is biomass. Biomass can be used as both an energy resource and as a fuel. This could be an excellent opportunity for the heating oil industry to enter into partnerships with other industries. For example, the renewable heating oil industry should be able to offer financing schemes that will help the heating oil industry pay for biomass plants. The Department of Energy is currently working on an application that will allow the renewable fuels to be taxed like other fuels. The percentage of renewable heating oil industry credits will depend on the state’s sales tax.
Regardless of the renewable energy marketplace opportunities that you are considering for your business, you have to make sure that you get a quote early. Even if you are considering an as-is purchase, you still want to check out a company’s financial statements and their level of success. If they are struggling financially, they won’t likely be a good company to partner with. It is also important that you stay informed about the latest research being done by the Department of Energy regarding renewable fuels.