Farmers have long explored options to provide energy savings associated with their agricultural operations. Ohio State University Extension and the Ohio Soybean Council have partnered to provide research-based data driven tools to help Ohio farmers assess and navigate various energy infrastructure investment options for their farm. Specifically, the project team is interested in learning more about your experience and interest in implementing energy management strategies such as peak demand reduction, power factor correction, and/or the integration of solar generation systems to reduce electricity costs on your farm.
Farmers with commercial rate structures that charge for peak demand and poor power factor can implement equipment and management strategies to reduce electricity costs, thus increasing long-term profitability. However, very little is known about the economic feasibility of investing in equipment to reduce peak electric demand charges in agriculture. To determine the economic feasibility of implementing energy management strategies it is important to simultaneously study the real costs of installing new equipment, ongoing risks, challenges, as well as understanding how these improvements will influence the calculations of a farms electric bill a comprehensive manner.… Continue readingRead More »