Demand charges account for as much as 40-70% of your business’s monthly utility bill. But these charges may be the easiest cost component of your utility bill to control. What are demand changes? Demand charges on a commercial or industrial electricity bill are applied based on the highest interval of electricity usage during any billing […]
How do you calculate the utility rate to compare for solar? A customer’s ROI calculation can vary significantly based on two key items: the local incentives and the local utility rates. Take the same size roof in Tennessee and New Jersey and you will have an ROI that can vary by 7+ years. Why […]
The recent inauguration is expected to bring about many changes in the nation’s energy policy. With many thinking that a new era of support for clean energy will usher in a Green Wave. Our nation’s growing energy needs will be met by more and more clean energy. However, it does pose a short term dilemma […]
NJ TREC: Time Is Running Out For Best State Incentive Business owners have many financial incentives available to make going solar financially enticing. On a federal level there are two incentives: the Investment Tax Credit (ITC) and accelerated depreciation through MARCS. In addition, there are often incentives within various states. Currently, the State of New […]
The Solar Investment Tax Credit (ITC) is a federal tax credit to incentivize solar projects for commercial businesses. Since the ITC began in 2006, the solar industry has grown by 10,000%. Even with the extensive growth, solar only represents 2.5% of the energy production across the country. The ITC was at 30% through 2019 and […]
The big question many of our customers are asking: Should I wait to go solar until President-Elect Biden takes office and potential new incentives are announced? Simply put: why wait? There are many unknowns within the green plan and questions around how much policy will get pushed through without a bipartisan Congress. Additionally, the […]
The NJ Board of Public Utilities (BPU) announced the approval of the Transition Incentive Program which will provide some certainty to solar projects until a successor program is announced. The current SREC (Solar Renewable Energy Credits) program will expire once 5.1% of the NJ megawatt hours are supplied by qualified solar generation. Once the capacity […]
Yesterday US lawmakers announced that the Investment Tax Credit (a dollar-for-dollar reduction in the income taxes that a person or company would otherwise pay the federal government) of 30% was not extended and will step down to 26% in 2020. In 2021 the ITC will further step down to 22%, and in the following year […]
The cost of solar has dropped 47% in the last 5 years. And yet, only 0.61% of New Hampshire’s electricity is generated from solar. Likely one of the reasons New Hampshire’s electricity rates are ranked 6th highest in the country. With rates over 16¢/kWh for residential and over 13¢ for commercial, consumers often find a quick […]
The Solar Investment Tax Credit, of ITC, is set to phase out over the next couple of years. The ITC is a federal incentive, available in all states for both homeowners and businesses. After 2019 the tax credit will drop from 30% to 26%. In 2021, the tax credit will drop further to 22% and […]
Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.
