Many businesses use MARCS depreciation, or the Modified Accelerated Cost Recovery System, to model how an asset will depreciate. Solar has a 5-year cost recovery period. Bonus depreciation allows an investor to recognize 100% of the depreciation in the same tax year the system is placed in service. Currently, in 2022, the basis of depreciation […]
The Infrastructure Investment and Jobs Act (IIJA) is the largest investment in US infrastructure and includes major provisions for energy. With wide ranging initiatives from nuclear, hydrogen, and EV charging, the $550 billion investment will bring much needed change as we move to a more sustainable future. The investments in clean energy will boost the […]
With an open mind and yearning to become a both a leader and innovator, Kristin didn’t follow a rigid path to find her career in solar. She attended Rutgers University and earned her Bachelor of Science degree with a concentration in Public Health. While in college, she worked evenings and weekends for a residential solar […]
The US Department of Energy (DOE) announced this past week that they intend to provide $2.91 billion in funding to support battery manufacturing here in the United States. This is critical to support the rising need of energy infrastructure to support clean energy initiatives including electric vehicles and energy storage. It is expected that the […]
Mark Kessler recently joined the Genie Solar Energy team to assist clients in the Maryland, DC, and Virginia. His background and experience in the energy industry is an excellent fit to help clients in all regions further their energy and sustainability goals. Mark is a lifelong resident of Maryland and former local utility (BGE) substation […]
New Jersey enacted legislation the requires all newly constructed warehouses to be solar-ready. Who: New Jersey New Construction Warehouses When: Applications for a construction permit that has not been declared complete by the enforcing agency before July 1, 2022 What Does Solar Ready Mean: According to the Department of Community Affairs buildings must leave the […]
Business owners continue to see the cost of energy increase above inflation rates ahead of a cold winter. Pennsylvania clients electricity supply rates are increasing up to 34% this winter. For high energy consumers, this means a significant increase to their operating budget in an economy already facing multiple challenges. There are a few things […]
Seth Mansur is a renewable energy strategist and joined Genie Solar Energy to improve the bottom line of commercial & industrial clients. After spending nearly a decade working in the energy industry serving multimillion-dollar companies to startups, Seth excels at evaluating market opportunities to determine an optimal path to achieve their goals. With the energy […]
Bloomberg recently reported that ESS Inc’s iron-flow storage technologies could be the long-duration storage technology that we have been looking for. The company claims that the technology can not only store renewable energy longer, but help overcome some the reliability issues causing blackouts in California and the record-high energy prices currently seen in Europe. […]
Bill Schmitz worked with Genie Energy (NYSE:GNE) to establish and develop Genie Solar in 2016. As the General Manager, Bill leads the team in engineering, project management, supply chain reliance, vendor management, and product development. Strategically guiding and assisting our staff to create and design energy systems that support our commercial solar clients’ needs. Prior […]
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.
