Design, Installation and Monitoring
All commercial properties are different and so are the challenges that come with designing a solar array. We can customize a solar energy system that maximizes your space availability to provide optimal performance. Our designs combine various types of arrays ranging from roof-top systems, carports, and open land layouts.
Our team of experienced engineers and installers will install the solar energy system with minimal interruption to your business. Depending on the size of project, your system can be installed and operational in as little as 2 weeks. Our technicians will test all necessary parameters while commissioning the system and will address all of your operational concerns.
A monitoring system will also be employed at your facility which will enable you to constantly monitor energy production, view data, and maintain service logs for the solar array. The monitoring system is a user-friendly tool that can also help with claiming your valuable Solar Renewable Energy Certificate.
Tax Credits on Solar Investments are better than ever before!
Federal Tax Credits
Solar investors are entitled to a 30% Federal Investment Tax Credit (ITC) on the total project cost. The ITC is granted and can be used for the very first year the project is installed. If the investor cannot use all of the 30% ITC, the balance will roll over to the following year.
Accelerated Investment Depreciation Tax Credit
Under the Modified Accelerated Cost Recovery System (MACRS), qualifying solar equipment will be eligible for a cost recovery period of five years. This accelerated model has proven to be a significant driver of private investment for the solar industry.
Solar Renewable Energy Certificate (SREC)
For every 1000 Kwh generated through a solar energy system, a Solar Renewable Energy Certificate is awarded to the owner of the system. The SRECs can be traded to utilities that have a renewable energy profile. The current average rate of 1 SREC floats around $280. A solar array owner can also sign up for a fixed price contract with a utility for their SRECs to be sold.
With all of these incentives, solar investments can be paid back in as little as 3 years.
At Donnelly, we believe in no-contracts and hassle free ownership of solar systems. To help our clients with financing projects, we will work with the right financial partners that you will be able to benefit from.
Investing in Solar Energy is better than ever before in New Jersey!
New Jersey has always been a great geographical location for the sun’s energy to be utilized. With the incentives that the current market offers, getting solar arrays installed at your property is a no-brainer.
If you are interested in getting solar energy at your facility, contact us at 973-323-8008 to schedule a free assessment.