New Jersey Commercial Solar
Bright Eye Solar is the expert in helping New Jersey businesses save big with commercial solar panels! We’ll work with you to create a plan that’s right for your business and help you create renewable energy!
Save as You Help NJ Reach Its 80% Renewable Energy Goal
In March of 2016, New Jersey announced a plan for utilities and businesses to source 80% of their electricity from renewable sources by 2050. While only 11% will be sourced by the end of 2016, it’ll increase in 10% increments every five years. To help spur the adoption of commercial solar panels in NJ, the state exempts solar equipment from sales tax, which can save businesses hundreds of dollars up front.
Businesses Are Already Saving
According to solar reports, businesses and homes will see improvements and savings starting within the first year of their solar panel installation in New Jersey.
Using solar panels for businesses in the state costs a little more than $18,750 per 5 kWs on average, securing incentives valued at more than $7,500. Switching to solar saves businesses and homes an average of $78 per month and will generate thousands of dollars in profit over the next 20 years.
Part of that profit comes from the SREC Registration Program (SRP). When your installation generates 1,000 kilowatt-hours (kWh) of electricity, it earns an SREC that can be sold on the SREC Tracking System. The SRP says that businesses will see specific revenue for at least the first 15 years of a solar project.
Financing Commercial Solar Panels in NJ
Commercial solar panels don’t have to drain your budget. You can pair financing options with your state’s programs, as well as the 30% federal rebate that most commercial installations are eligible for in NJ.
To help businesses afford the smart move to solar, Bright Eye Solar offers a variety of flexible financial options that include:
- Leasing: You can lease a panel to avoid many of the initial ownership costs. You’ll have minimal expenses related to the equipment itself, and you’ll enjoy solar energy at reduced rates so your business can start saving right away.
- Power Purchase Agreements: PPAs offer the financial advantages of a fixed rate deal but feature no initial expenses and payment per kilowatt hour used.
- Cash Purchases: Own your equipment outright and only pay for the installation. You own the equipment and the energy it produces, allowing to use, store or sell as your business needs.
Commercial Solar New Jersey
Bright Eye Solar has been delivering high-quality solar installation services for homes and businesses in New Jersey for years. We’ve seen all the problems — and solved them all too. We’re here to answer all of your questions and help you find the perfect mix of technology and rebates to become an eco-friendlier business.