Financial Incentives
A Sound Investment
Solar power is a low-risk, high-return investment. In many cases, solar installations can pay for themselves in less than four years and are subsidized with cash rebates, a 30% Federal Investment Tax grant, net metering, SREC and accelerated State and Federal depreciation schedules.
By switching to solar power, a business can move towards energy independence by owning the power it produces. Think of the benefits of owning your own power! Whether you make the switch to clean, renewable energy now or later, you will still have to pay your electric bill tomorrow. Why not take control of your energy costs and have your energy payments go towards ownership of a valuable asset? In many cases, Green Apple Energy can provide financing that does not require any out of pocket cash with monthly finance payments lower than your normal utility bills. Get started on the path to energy independence.
Give Green Apple Energy Solar a call today to get started on the path to energy independence. We'll make the switch to solar simple.
The state of New Jersey offers a variety of incentives to help offset the initial cost of installing solar power, further increasing your return on investment. In addition, the Federal government currently has a 30% Investment Tax Credit which helps to offset a large portion of the upfront system cost.
Our team of rebate and interconnection specialists can help you navigate the incentive process from beginning to end. In most cases the only work required of you is to sign on the dotted line and we’ll take care of the rest.
REIP-Renewable Energy Incentive Program
The state of New Jersey provides rebates that reduce the upfront cost of installing commercial solar system. $0.80 per Watt installed(2010 rate up to $ 40,000)The REIP is part of New Jersey's efforts to reach its Energy Master Plan goals of striving to use 20 percent of electricity from renewable sources by 2020. The program includes financial incentives to system owners who install qualified clean energy generation systems in New Jersey
Tax Grant
Federal and state tax laws exist that allow solar system owners to take advantage of additional financial benefits such as increased Federal tax deductions and accelerated asset depreciation schedules. The Federal government is currently offering a 30% Investment Tax Credit/grant (ITC). In the State of New Jersey There is no sales tax on renewable energy equipment which in turn leads to lower system costs.
Green Apple Energy Senior Account Executives are familiar with the tax credits that may be available in your area. However we suggest that you contact your tax specialist for specific details about how your business can take advantage of these benefits.
Net Metering
A service option available from your electric utility that allows your electric meter to spin backwards when excess energy is generated by your solar electric system. The excess energy is effectively stored by the utility until it is required for future use by the customer.
SREC solar renewable solar certificate (credits)
Solar renewable Energy Credits (RECs) represent the environmental attributes associated with producing renewable energy. Similar to emission offsets, these RECs have value and can be traded or sold. Many states and utilities will purchase SRECs to meet government mandated Renewable Portfolio Standards (RPS). SRECs may also be bought or traded in the voluntary market for organizations to meet renewable energy goals.
