US independent power producers make energy that they sell to municipalities, farms and private businesses. The independent power production is meant to encourage the creation of non-traditional forms of energy, including wind, solar, renewable and nuclear sources. The federal government has mandated that states support the independent power producer industry by allowing towns and private business to offset utility costs with non-utility generation of energy through tax credits and reduction of utility costs.
Each state has enacted its own set of regulations governing the independent power producers, all within the federal guidelines. You should investigate your state’s rulings and proceed according to the direction they give. As renewable energy becomes more attractive, the availability of energy from independent energy companies and tax relief will exceed any upfront costs you may incur by setting up a contract with an independent energy company.
1. Familiarize yourself with the available options through a list of independent power producers
2. Offset current energy costs by contracting with independent energy companies
3. Support the independent energy companies through investment and trade
Use an independent power producer directoryTo jumpstart your renewable energy alternatives, you should get educated about the amount of tax relief and savings you could enjoy from the switch. While you could spend an enormous amount of time reading the history of renewable energy and how it affects the businesses in your state, by utilizing a list of independent power producers, you can find a consultant who can get you tapped into the independent power producer industry quickly.
Find an independent electric company to offset your energy costsIn addition to tax credits, you can find sources of alternative energy that are less expensive than your current utility provider. You also could participate in the global initiative to conserve energy and become greener. Environmentally conservative companies are using that moniker in their marketing campaigns more and more.
Invest resources in independent power productionAs the demand grows, so will the profits in the independent power producer industry. While the independent energy company market may be more volatile and subject to market changes more so than the staid and solid utility companies we are accustomed to, the possible rewards are worth the risk. Using market data and predictions from reliable sources can help to ease your risk aversion as well.
- If you are an entrepreneur looking for a new venture, the American independent power production industry is wide open for up and coming ventures. And you should have no trouble finding funding for an independent electric company.