COMMERCIAL SOLAR DEVELOPMENT
Cross River Solar's commercial project development team specializes in the implementation of commercial turn-key solar systems. We have experience throughout New Jersey with commercial solar and all major utilities. The first step in this process is contacting us to determine the feasibility of these project. Cross River Solar currently offers several finance vehicles for commercial property owners including leases, financing and PPA's.
How does your solar system
for your business?
For 2010 both New Jersey continues to be favorable markets for
business owners considering solar energy. Below we've summarized
key program highlights:
- 30% Business Investment Tax Credit- This is a 30% tax credit based on the cost of the system.
- Accelerated Depreciation: The Federal Government allows for an accelerated 5 year depreciation of asset.
- SREC Income- Solar Renewable Energy Certificates are units of power that your solar system generates over the course of a year. SRECs are sold by NJ system owners to NJ Utilities. SREC generation has no bearing on your business's overall energy consumption. These credits represent a separate income stream to help you begin saving money immediely.
- Power Avoidance Savings- Every solar system brings with it a decrease in the amount of electricity your business purchases from your utility. Due to net-metering laws you will receive credit to your account the following month for any surplus power generated during the month prior.
NJ HIC LIC# 13VHO4890000 PA LIC# PA015223