Boston, MA Industrial Solar Company | Genie Solar Energy

Boston Industrial Solar Company

Genie Solar Energy is a global energy solutions company focused on delivering sustainable and energy-resilient facilities for clients. We are a fully owned subsidiary of Genie Energy Ltd (NYSE:GNE). Our industrial solar company based in Boston was founded in 2004 under IDT Energy and spun off from our parent company in 2011.

We design, construct and install commercial solar energy solutions for companies all over the US, and we don’t stop there. Genie Energy has several brands serving commercial and industrial customers and can help develop a complete energy strategy for your business in Boston.

You have your business to run. We can give you the power to run it.

Boston Industrial Solar Panels

We specialize in commercial and industrial solar panels for Boston and beyond. You may be curious how exactly solar panels work to produce energy for your business. Solar panels are photovoltaic panels composed of many silicon semiconductor cells with elements that activate electrons. The energy from sunlight drives those electrons into the electrical circuit connected to the panel. This sustainable energy system is perfectly safe when properly designed and installed and should last up to 30 years or longer.

The services provided by Genie Solar include:

  • Rooftop solar
  • Carport solar
  • Ground-mount solar
  • Community solar solutions
  • VPPA
  • Solar battery storage

The Benefits of Genie Solar Energy for Boston

Industrial solar power provides the following benefits to businesses of all sizes and scopes:

  • It reduces operational expenses
  • It allows your business to own its own power generation assets
  • It hedges electricity prices long-term
  • It provides tax benefit and/or incentives
  • It meets supply chain sustainability goals
  • It opens additional financing opportunities
  • It satisfies employee and customer concerns with climate change
  • It provides a competitive advantage against competition
  • It fulfills municipal building code regulation
  • It is one important step towards reducing grid dependance

Industrial Solar Financing

The biggest hurdle for smaller businesses and startups is finding the funds to install a high-quality industrial solar energy system. The good news is that we make going solar affordable by offering multiple ways to finance your industrial solar energy in Boston.

We will take into account your tax appetite, qualified incentives, and how you view debt on your balance sheet. A few topics our solar experts might cover in the initial evaluation to determine the best financing solution may include:

  • If you currently have tax liability to take advantage of the tax incentives
  • What your ROI target is
  • If you have an existing relationship with a commercial lender
  • Who owns the building you operate out of and if there is a mortgage on it
  • If you are ok to show debt on your balance sheet

We will then provide multiple finance options and the best financing partner based on rates and contract terms. Our industrial solar company may even offer to finance the project ourselves. Once you decide which option is best for your needs.

About the Solar Investment Tax Credit & Other Federal Incentives for Solar energy

The Investment Tax Credit (ITC) is a federal income tax credit that can reduce your federal income taxes by 26% of project costs.

Rural and Agricultural businesses may also qualify for the Rural Energy for America Program (REAP). Businesses must qualify for the program and there must be available funds to take advantage of this federal incentive. If you qualify, we will include this in our analysis.

SMART Program

The Solar Massachusetts Renewable Target (SMART) Program provides per-kWh incentives to solar PV projects up to 5 MW. The program is capped at an aggregate of 1,600 MW, and incentives are available in Eversource, National Grid, and Unitil territories. to learn  more about the SMART program visit our program page or the Massachusetts information page.

Contact Genie Solar to learn more about our industrial solar company and the services we provide.

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.

Case Studies

  • Commercial Solar Case Study Property Management Company
    Wiley Property Management Case Study

    The installation of the solar array on the roof of storage facility is leveraging a limited regulation called “Group Hosting”. Group hosting is a method where a group of businesses or individuals share the installation and use of a larger solar array on a single property.

  • Bake Crafters Commercial Solar Case Study
    Bake Crafters Food Company

    Bake Crafters’ commercial solar array is a remarkable example of sustainability in action. With an output capacity of 800 kW and predictions of offsetting 770 metric tons of CO2 emissions.

  • Integra Commercial Solar Case Study
    Integra Biosciences

    Integra Biosciences’ Commercial Solar project achieves 22% IRR and aligns with the company’s global sustainability goals and commitments. The two installations total 572-kW and generate enough power to offset 844,000 kWh.

  • Commercial Solar Case Study - Kraft Power
    Commercial Solar Case Study – Kraft Power Power

    Kraft Power utilized American made solar panels to install a 57.5 kW system on their roof. The new rooftop solar system, will help Kraft Power offset 100% of the electricity usage every year.

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Testimonials

Convinced to go solar by the New Jersey incentives, PCS Wireless looked at several solar companies to provide the best overall value. Genie Solar was able to design a unique system to offset the largest portion of their electricity usage. Additionally, we combine it with an exclusive financial product which minimized the cash out of pocket and maximized the return on investment. The 494 kW system was constructed in minimal time, with no impact on the businesses operations.
PCS Wireless
A provider of engine-generator systems, Kraft Power was a pioneer of “Total Energy” (Combined Heat and Power). After seeing the financial and green benefits of solar at their headquarters in Massachusetts, Kraft wanted to capitalize on the lucrative state incentives in New Jersey at a distribution center. By installing a 57.5 kW system on the roof they were able to offset 100% of their electricity usage, take advantage of the Investment Tax Credit, accelerated depreciation, and collect revenue from the New Jersey SREC program. Genie Solar made it a smooth process and limited the need for internal resources to manage the project.
Kraft Power
A premier provider of water treatment in the New York and New Jersey area, Tower wanted to go solar to save money and generate clean energy. Upon reviewing the financial benefits available in New Jersey with the SREC program and the federal Investment Tax Credit, they wanted to safe harbor the project in 2019 and construct in 2020. Buying American Made panels was an important component of the project, and by utilizing their white roof, Genie Solar was able to leverage Prism Solar’s bifacial panels to minimize the square footage needed and maximize the electricity generated. Genie Solar helped them achieve all of their goals in an efficient manner with a 44.6 kW system.
Tower Water
Cardoza had both a showroom and a distribution center with exorbitant electricity costs in New Hampshire. As a legacy business, it was important to reduce costs and protect the business from increasing expenses prior to passing it on to the owner’s children. The show room’s roof and location made it a less than ideal location for solar; but the vast roof and direct sunlight on the distribution center could generate enough solar to power both facilities, plus the owner’s house. Leveraging New Hampshire’s group host program, Genie Solar built one 99.7 kW solar array to power all three locations. The owner is now considering converting more equipment to solar and building a second array.
Cardoza Flooring
A destination nursery in rural New Hampshire, HBTSR was a long standing customer of Genie Solar’s sister company, Diversegy. After helping the business reduce electricity expenses for the past number of years, HBTSR turned to Genie Solar to reduce their rising electricity expenses over the long run. “Between the federal and NH state incentives, I was paid $8,000 to install my solar array. On top of getting money back, I am going to realize over $300,000 in savings during the 25 year warranty period of the solar array.”
House By The Side of the Road