COMMERCIAL SOLAR INCENTIVES

Upfront installation and system costs are no longer prohibitive with these lucrative commercial solar incentives.

Leverage Tax Incentives to Pay for Your Solar Project

If you’re a business owner and you’ve been considering commercial solar, you might be hesitant because of the upfront costs. Thankfully, there are multiple of tax incentives available right now that can drastically reduce your overall investment in commercial solar. In fact, some businesses have even become cashflow positive or seen a return on investment as quickly as one year thanks to these incentives.

FEDERAL SOLAR INCENTIVES

Solar Investment Tax Credit (ITC)

The ITC is a significant tax incentive, covering 30% for your commercial solar installation. This makes the ITC one of the most attractive incentives to getting your commercial solar project paid for.

Commercial Solar Incentives
Commercial Solar Incentives

Solar Renewable Energy Certificates (SRECs)

SRECs can be traded, priced, and sold on a commodity market and are stored in customer accounts through SREC tracking systems. SRECs bring renewable energy generation into economic viability by creating value from energy production that is not delivered via the traditional power grid network.

The REAP Grant

Is your business a small business, agricultural producers, and/or non-profit organization? Then the REAP grant is an excellent incentive to take advantage of.  who install commercial solar systems.

REAP Grant Solar Incentive
Free Solar Land Lease Land Assessment

Deprecation Tax Bonus

Depreciation is common tax write off, but the bonus offered to businesses switching to solar can drastically reduce your upfront costs and accelerate your time to ROI.

Deprecation Tax Bonus

Depreciation is common tax write off, but the bonus offered to businesses switching to solar can drastically reduce your upfront costs and accelerate your time to ROI.

Free Solar Land Lease Land Assessment

STATE SOLAR INCENTIVES

Many states also have their own programs, which can provide even more generous rebates and tax breaks. When you combine both federal and state incentives, you have the potential to offset the entire cost of your solar installation. As a result, it's definitely worth looking into both sets of incentives before making a final decision.

Check out state tax Incentives below:

CONNECTICUT

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ILLINOIS

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MAINE

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MARYLAND

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MASSACHUSETTS

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NEW HAMPSHIRE

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NEW JERSEY

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NEW YORK

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OHIO

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PENNSYLVANIA

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RHODE ISLAND

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VIRGINIA

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WASHINGTON DC

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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