If you own a building, clean renewable solar energy is a great investment. Solar can reduce your operating costs and provide a unique promotion opportunity for your business.
Commercial solar systems have 3 main incentive components:
- NYSERDA or LIPA rebates in NY or SREC’s in NJ
- Federal 30% ITC
- 5 year MACRS depreciation.
In NY a typical 40 kW installation may get 60% of the cost paid by incentives, and after depreciation, may pay for itself in 5 years and continue to earn revenue or savings for another 20 years or more.
In New Jersey, this payback is even better.
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 finance the system yourself, or work with one of our banking or leasing partners, we have the right tools for your situation. In many situations, we can structure financing where you are cash positive after Year 1 and your savings will continue to grow for 25 years or longer.
Click on a link below to see the costs and incentives for a solar energy system in your area.
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