New Jersey commercial solar incentive are some the country’s top incentives. The state incentives plus the federal tax benefits can provide your company an ROI in year 3. Plus, solar provides long-term stability against rising electricity rates. Maximizing the benefits available are key to making a smart, long-term investment. The NJ BPU recently voted to […]
Electricity futures prices are soaring. In the New England power market alone, the forward pricing for January-February 2022 have already increased from $40-$50 / MWh in recent years to $150 / MWh. Considering the inflation, the country is seeing as a whole, rising electricity prices will not come to a surprise to most. Natural gas […]
A Renewable Energy Credit (REC) is created for every megawatt hour (or 1,000 kilowatt hours) produced by a renewable energy source – like solar. How are RECs monetized? RECs are sold to the utility and third-party electricity suppliers whom are required to purchase renewable energy – either through generation or RECs. The required amount is […]
Pro-business regulatory policy and state specific financial incentive programs have helped Connecticut become one of the most financially favorable states in the nation for commercial solar investment. In addition to incentives afforded at the federal level, such as the Investment Tax Credit and the option to accelerate the depreciation to maximize solar’s tax advantage, business’s who […]
Genie Solar Energy is proud to be featured in North American Outlook by Outlook Publishing’s most recent publication for our impact on #PoweringAmerica. Highlighted along with Genie Energy subsidiaries, Prism Solar Technologies, Inc. and Diversegy, LLC, our Managing Director, Sara Schwandt talks about solar solutions and how we are working to drive the #CleanEnergyRevolution forward for our commercial and industrial customers by #PoweringAmerica. Read more at: https://lnkd.in/e6hjNP4
Genie Solar Energy partnered with Kraft Power Corporation to build a 57.5 kW rooftop solar system. Installed at its distribution center in Pompton Plains, NJ, it will supply Kraft with enough clean electricity to offset the equivalent CO2 emissions generated by burning over 447,960 pounds of coal, 1,008,804 miles driven by combustion powered cars or 46 […]
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 […]
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.
