Commercial Solar Installers in NJ

No investment has a greater ROI than solar. Geoscape Solar brings the power of the sun to your business, increasing your bottom line with an energy–independent future. Reduce your carbon footprint with the help of our commercial solar installers in New Jersey.

Geoscape Solar provides solar energy system consultation, design, engineering, and installation for commercial and nonprofit projects throughout New Jersey. With over 100 years of combined experience, we use the leading technology and are the most trusted solar provider in the state.

Is your business right for solar? Take our 1-minute quiz today to discover if your property can benefit from switching to clean energy and boost your bottom line.

Jetro Restaurant Depot Commercial Solar Project

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Power Your Profits With Incentives & Rebates

Businesses nationwide consistently switch to solar for a quick return on investment (ROI) and lower energy bills. The annual savings make solar energy a low-risk, high-reward investment that adds to revenue streams and empowers bottom lines.

Multiple federal and state incentives mitigate the upfront solar costs for New Jersey companies. Commercial solar systems typically boast 3-4-year ROIs.

Now is the time to switch to solar energy. The Inflation Reduction Act (IRA), combined with the 30% Federal Solar Tax Credit (ITC), Accelerated Depreciation, New Jersey State Renewable Energy Credits (SRECs), REAP Grants, and Net Metering, make commercial solar more affordable than ever.

Your monthly electric bill savings begin the moment the system is turned on. Considering all the incentives and credits available, the upfront investment for solar can be shockingly low.

30% Federal Solar Tax Credit

As one of the most impactful financial incentives for reducing the initial cost, the 30% Federal Solar Tax Credit is a no-brainer for businesses. The dollar-for-dollar tax credit lets companies and organizations take a one-time 30% tax deduction from the installation cost, including system parts, labor, and engineering. The recent passage of the Inflation Reduction Act increased the credit from 26% to 30%, further strengthening its benefit.

Depreciation Deduction

Since commercial solar systems are property assets, businesses can leverage depreciation deduction. Their basis is 87% of the total purchase price, meaning a significant portion of your initial investment can be deducted from your commercial taxable income. This financial advantage allows you to decrease your taxable liability, offering a cost-effective way to manage your business finances efficiently in the coming years.

Modified Accelerated Cost Recovery System (MACRS)

Established in 1986, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation program that allows commercial entities to decrease their solar energy costs over five years. This program allows business owners to recover their investments in specific tangible property for tax purposes over a predetermined period through annual deductions.

State Renewable Energy Credits (SRECs)

Recently transitioning from the fluctuating, market-driven incentives of its successor solar incentive program, the New Jersey State Renewable Energy Credit (SREC) gives credit for a fixed dollar amount for every 1,000 kWh of clean energy a solar system generates. The commercial SuSI amount also increased to $110 per credit for commercial rooftops, ground mounts, or carport systems under 1 MW.

Rural Energy for America Program (REAP) Grants

The USDA’s REAP grants offer vital funding for rural businesses, especially in areas with less than 50,000 residents. These grants enable eligible New Jersey and nationwide entities to adopt renewable energy systems and implement energy efficiency upgrades, such as solar panels.

The application process for REAP grants involves competitive submissions outlining proposed projects and their anticipated energy efficiency and cost savings benefits. Technical assistance is available to aid applicants in project development, ensuring feasibility and maximizing impact. REAP grants help rural businesses adopt renewable energy, enhancing competitiveness and sustainability while cutting emissions.

Tax Exemption

Solar system components aren’t subject to New Jersey state tax. Choosing commercial solar in New Jersey means you can make an exempt capital improvement that decreases your monthly overhead costs and increases your property’s value.

Net Energy Metering

Once your system is up and running, New Jersey allows Net Energy Metering (NEM), a billing arrangement involving tracking excess electricity from solar panels. The value is represented on your monthly utility bill as a credit. If your system produces more energy than your business uses, the surplus returns to the electric grid and offsets any power purchased from the utility company.

More Commercial Solar Benefits

The advantages don’t end there. Solar benefits businesses and organizations in ways that traditional electricity can’t.

Cost Savings

Harness the sun’s power to decrease your electricity bill and increase your bottom line. Geoscape Solar collaborates with businesses to:

  • Navigate the intricacies of financial incentives and rebates,
  • Maximize available programs,
  • Optimize financial benefits, and
  • Accelerate payback for solar installations.
Jetro Restaurant Depot Commercial Solar Project

Energy Independence & Reduced Grid Reliance

Take control of your energy future with Geoscape Solar’s commercial solar energy solutions in New Jersey. Generate clean energy to ensure a stable, secure power supply for your business and reduce reliance on the traditional grid. This independence guards your operations and saves you from potential energy price fluctuations.

Environmental Impact & Sustainability

Geoscape Solar helps business owners achieve sustainability goals by reducing their environmental impact. Solar panel installations contribute to cleaner air and a healthier planet, showcasing your commitment to corporate social responsibility and environmental stewardship.

FEATURED PROJECTS

Designed from the ground up to be a great solar company, Geoscape Solar develops creative options to transition to solar energy in the way that makes the most sense for each client.

A Brighter Future Starts Now: Get In Touch With Our New Jersey Commercial Solar Installers Today

For over 16 years, Geoscape Solar has empowered businesses in New Jersey to embrace the benefits of commercial solar installations. Choose us as your solar partner to secure cost savings and energy independence and contribute to a sustainable future. 

Take the next step towards a brighter, greener tomorrow. Contact Geoscape Solar today to learn more about solar company New Jersey tailored to your business’s unique needs.

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