Commercial solar systems have 3 main incentive components: Utility rebates Federal 30% ITC or grant 5 year ACRS depreciation.

In NY a typical 40 kW installation may get 70% of the cost paid by incentives, and after depreciation, may pay for itself in 3 to 5 years and continue to earn revenue or savings for another 20 years or more.

In New Jersey, this payback is even larger.

One of the biggest changes to commercial incentives happened in February 2009 with the passage of the stimulus bill. The “American Recovery and Reinvestment Act” now provides the federal incentive as either a 30% income tax credit or an outright 30% grant. As of August 09, after your project is completed, you can apply to the U.S. Treasury Dept. for the grant and it will be sent to you within 30 days, regardless of whether you have tax liability or not.

Because every commercial solar install is different, please contact us to discuss the specifics of your project. Whether it’s a warehouse, apartment building, office building or retail space, we can tailor a solar system that’s perfect for your needs. Whether you want to buy and own the system yourself, or have us create a power purchase agreement (PPA) where we own and operate the system and sell you low cost, clean energy, we have the right tools for your situation.