Financing & Incentives
We will develop the most advantageous funding for your project. Depending upon size, geographical location, amount needed, cash flow and tax status we will combine that information with the above State Rebates and Federal Incentives and determine an appropriate, fiscally sound financial strategy that makes sense for you.
Commercial Leasing & Power Purchase Agreements
There are several options available for financing a commercial system.
- Bank Loans
- Power Purchase Agreements
Please contact us for more information, as commerical financing can be project specific.
Federal Income Tax Credits
Commercial Projects - A full 30% of your system installation can be recovered as a tax credit on your purchase year's tax return. Commercial projects are also eligible for depreciation - Modified Accelerated Cost Recovery System (MACRS) & Bonus Depreciation.
Please consult your tax advisor.
Solar Renewable Energy Credits (SRECs)
Beyond the State and Federal incentives, it is important to understand that you will be awarded Solar Renewable Energy Credits (SRECs) for the power you produce. Each time your solar energy system produces 1,000 kWh's (kilowatts hours) of electricity, an SREC is issued which can then be sold or traded separately from the power.
New Jersey's Renewable Portfolio Standard (RPS) requires the State's energy suppliers to acquire a certain amount of SRECs in order to provide a portion of their electricity from solar power.