Three Ways Tech Can Unlock Green Incentives For Your Company

Elizabeth Duffy
November 7, 2023

In today's rapidly evolving corporate landscape, sustainability isn't just a buzzword—it's a strategic imperative. Enterprises are increasingly seeking to align their operations with sustainable practices, driven by a desire to minimize their environmental impact and tap into a growing pool of green incentives. Renewable energy projects, in particular, stand out as a cornerstone of this movement, fueled by advancements in location and mapping software, remote sensing and analytics.

Unveiling Green Incentives

Governments and organizations across the globe are offering a multitude of incentives to encourage the adoption of renewable energy. Harnessing these incentives can significantly offset costs and bolster the economic viability of renewable energy initiatives. These incentives encompass a broad spectrum of benefits, and although there are many federal incentives like those found in the recent Inflation Reduction Act, there are also many state and local incentives to look out for, including:

The Role Of Technology

In this dynamic landscape, technology plays a pivotal role in identifying and qualifying these incentives, paving the way for smarter, greener decisions. Energy data portals (e.g., the DSIRE portal), remote sensing (i.e., satellite data and drone data) and analytics (i.e., AI and pixel math) are emerging as the linchpins of this transformative journey.

1. Energy Data Aggregators

Energy data portals can provide the regional context necessary for businesses to navigate the complex landscape of green incentives. These portals, like the Database of State Incentives for Renewables & Efficiency (DSIRE), assimilate vast amounts of data, offering actionable insights into incentive eligibility and optimizing renewable project locations. Similarly, the Energy Zones Mapping Tool (EZMT) uses hundreds of geospatial (GIS) data layers to identify areas conducive to clean energy resource development. These portals are used as a means to feed data into site selection tools, either software created and managed by experts in the geospatial realm or owned systems of record managed by the energy land developers themselves.

One key aspect of the software solutions that bring in data from these energy data aggregators is data fusion. They combine diverse data sets that are disparate in form, which can be difficult to manage in a cohesive format. Some data is highly qualitative and discrete, such as land use zones, while other data sets are quantitative and continuous, like elevation information. Yet, it’s only by merging these disparate and diverse data sets that businesses gain a more nuanced understanding of their project's feasibility and can identify locations that offer the best balance of regulatory compliance and environmental suitability.

2. Remote Sensing And Geospatial Data

Remote sensing and geospatial data are indispensable tools for assessing potential renewable energy project sites. These technologies go beyond basic satellite imagery to offer detailed insights necessary for renewable energy planning. One example technique is the normalized difference water index (NDWI), which leverages remote sensing data to detect the presence of water bodies, wetlands and other critical environmental features. By leveraging the NDWI, businesses can help ensure that their selected sites don't encroach on sensitive landscapes, mitigating legal and environmental risks.

Furthermore, advanced analytics, including change detection algorithms, enable the continuous monitoring of renewable energy project sites. These algorithms can detect alterations in the landscape over time, allowing businesses to assess the long-term viability of their projects and adapt to changing environmental conditions.

3. Precision Analytics

High-resolution aerial base maps and analytics help enable a granular evaluation of existing structures, such as commercial buildings, for solar suitability. Through meticulous analysis of roof orientations and other pertinent parameters, businesses can pinpoint the best locations for solar installations, maximizing efficiency and return on investment. When it comes to solar panel placement, the integration of very high-resolution aerial base maps, with details as fine as seven centimeters per pixel, can make all the difference. These maps provide a level of precision that help enable businesses to optimize their solar arrays for maximum energy generation.

A Green Future Awaits

As organizations strive to meet sustainability goals and capitalize on the benefits of renewable energy initiatives, the role of technology can't be overstated. Energy data portals, remote sensing and analytics help provide the critical insights needed to unlock a treasure trove of green incentives. By leveraging this tech, companies can usher in a new era of sustainable operations, leaving a lasting positive impact on both their bottom line and the environment. The path to a greener future is now clearer than ever, and technology is the guiding light leading the way.

Ready to get started?

Schedule a call with our team today