Saratoga Solar power is becoming an attractive way to offset energy costs, and one local businessman knows his way around the rays.
Terry Moag, president of The Radiant Store in Malta, was recently recognized for his work and achievements in the area of solar energy by the New York State Energy and Research Development Authority (NYSERDA), receiving an Outstanding Achievement award in their Solar Thermal Program.
The Solar Thermal Program started in 2010, and since then Moag and his crews have installed 50 systems that have displaced 264,000 kWh of electricity. Prior to starting his business, Moag worked for 17 years in the mechanical contracting field installing HVAC equipment, specializing in radiant heating.
Moag opened The Radiant Store in 2005.
“In the beginning there really wasn’t much of a market here inthe U.S. Then in 2005-2006 when oil prices went upward people wanted energy relief, suddenly I got on the radar. It was very interesting. In the last five years the market has grown respectively,” he said.
That growth is reflected in sales at his business. Moag reported that he went from virtually zero dollars - and through a lot of his savings –to $2 million in revenues in the last half-decade. Now he employees 10 people during his peak seasons.
Solar installations done by The Radiant Store are about evenlysplit between commercial and residential projects.
“As a rule, thermal technology involves a pretty broad spectrum. There is breaking technology on collecting infrared light to produce heat and processing that heat to make use of it. The technology has a lot of applied functions,” Moag said.
Many of the installations he does are for heating hot water. Traditionally, a hot water heater can make up roughly 14 percent of a home’s total energy bill. In many cases a solar system can replace the need for the electric hot water heater.