What is Behind the Dramatic Shift in NJ Solar Incentives?

UPDATED: ON MARCH 9,2020 THE NEW JERSEY BOARD OF UTILITIES OPTED TO GO WITH THE FIXED RATE TREC PRICE OF $152(OPTION 1)FOR THE TRANSITIONAL RENEWABLE ENERGY CERTIFICATE PROGRAM.

By no means could the New Jersey Solar Energy Market ever be called predictable. From the time the solar renewable energy certificate (SREC)  was introduced back in 2004, through this past year, the New Jersey Solar Market jumped from having installed 4.34 MW annually to 2,908.2 MW in 2019.

Given the impressive 15 years of solar expansion, the New Jersey Board of Public Utilities (BPU) can’t keep up the current state incentives. Once New Jersey passed The Clean Energy Act in 2018, which mandates that the state run on 100% clean energy by 2050, the need to accelerate a revamp of the current incentives was a foregone conclusion.

The legislature also included the agreement to rework the current solar incentive program (SRECs) that would allow the BPU to financially implement given the current and mandated expansion of solar energy projects in the state.

The Clean Energy Act is being implemented in measurable steps.  21% of the energy sold in the state to must be sourced via clean Energy by the end of 2020; 35% by 2025; and 50% by 2030. This past January, NJ Governor Phil Murphy expanded on the act and signed an executive order for an Energy Master Plan which details how New Jersey will be 100% sourced by clean energy by 2050.

2018 New Jersey Clean Energy Act Image

As New Jersey’s renewable portfolio standard (RPS) requires NJ electric utility companies to procure 50% of its electricity from renewable tech by 2030 with a solar carve-out of 5.1% by 2021. Therefore 5.1% of the already mandated 50% of renewable electricity must be derived from solar.

New Jersey participates in the SREC market to achieve both the renewable portfolio and solar carve-out targets. SRECs are market based incentives that are allotted to solar energy consumers based on the amount of energy that they generate. The utility companies then buy SRECs from solar panel system owners to meet their RPS requirements. Utility companies who fall short of meeting their RPS targets must then pay a fee which is higher than the cost of an SREC.

While SRECs worked for the past 15 years, The Garden State’s lucrative solar market grew much faster than the anticipated and the state is reaching the 5.1% solar carve out in the very near future. As the BPU wasn’t prepared to completely phase out  the SREC program until 2021, the need for a transitional incentive program quickly arose.

In December 2019, the BPU announced a transitional incentive program entitled Transitional Renewable Energy Certificates (TRECs). This program will go into effect immediately after the 5.1% solar threshold is met. It is important to note that property owners who have already converted to solar energy and hold SRECs will NOT lose their SRECs or be impacted in any way (other than remaining subject to market flux). Should current solar consumers opt to expand their current system or add a system to another property then they will receive TRECs or gain incentives from the yet-to-be-determined TREC successor program.

TRECs are much like SRECs in how they are awarded to solar energy system owners, but they have 2 big differences. The first difference is that they will have fixed versus variable pricing. The second is their value will be multiplied by a factor. This factor will be assigned to each solar project based on type of installation.

The BPU is considering two options in terms of fixed rate pricing for TRECs:

  1. 15 years at a fixed price of $152
  2. Years 1 – 3 at a fixed price of $65 and Years 4 – 15 at a fixed price of $189

A final decision on pricing is expected imminently. The advantage to fixed-rate pricing is that solar consumers will be able to accurately predict the value of the TREC incentives they receive instead of having to rely on market factors.

NJ SRAnother big difference between SRECs and TRECs is factorization. With SRECs, the value you receive for a single SREC is the same regardless of the type of solar panel system you install: an SREC generated by a residential rooftop system is worth the same as an SREC generated on a large carport installation, so long as they’re sold at the same time. However, with TRECs, the value of your incentive varies depending on the type of installation.

The NJ BPU has assigned varying factors for individual solar projects; solar projects located on landfills have a higher TREC factor than a residential solar installation.

These are the current factors assigned to various project types:

Explaining TEC MultiplierProjects with a “1” factor of receive the full TREC value, while those with less than 1 receive a lesser percent. The projects with a factor of less than 1 (>1) needs to generate more solar to earn the full value TREC.

For every 1,000 kWh that is generated by a residential rooftop solar panel system, only 60% of a TREC’s price value is realized. In other words, to earn the same amount as 1 full-value TREC, you need to generate 1,667 kWh worth of solar electricity.

THE NJ SREC Program isn’t the only the only incentive that is shifting this year. On the Federal level, the 26% solar tax credit is expiring at the end of 2020 and be set at 22% for projects that are installed in 2021.

While solar incentives for New Jersey Residents are about to become a bit more complex on the state and national level, they do have the advantage of predictability and, remain financially lucrative for property owners looking to get a maximum return on their solar investment.

Gen Z Influences The Next Decade of Business Practices

 

As we begin 2020,  Generation Z is poised to account for 40% of all consumers in the US. This cohort of over 65 million spenders are less about consumerism and more likely influenced to spend money to better their life experience. Their idols are Time’s Person of the Year,  Greta Thunburg.  Their movements include “There is no Planet B.”

Gen Z recently entered the workforce. As a result, their spending power, currently valued at $44 billion, is growing every day. This group was born between 1995 and 2015. They have proven to be brand loyal and overwhelmingly support companies that take a stand on issues such as the environment, economic disparity, and gun control.

According to the 2019 Retail and Sustainability Survey by CGS, more than two-thirds of respondents consider sustainability when making a purchase and are willing to pay more for sustainable products. Gen Z make up the most sustainably conscious buyers, with 68 percent having made an eco-friendly purchase in the past year.

Gen Z is also focused on authenticity. They want to see their brand take risks in order to fulfill their mission statements.  According to Gen Z Insights, this group wants to tackle climate change and the environment TODAY and are willing to use the power of their purse to support and promote organizations that aligns with their mission.

What Concerns Gen Z

Starbucks, Patagonia, Met Life, Tesla and IKEA are high profile brands that get large amounts of press coverage when they announce steps they are taking to be more sustainable. In an on-line search, IKEA’s switch to bio-degradable mushroom packaging will yield roughly 5 pages of articles. If your organization doesn’t have the advertising/PR budget equivalent to the these companies, there is an abundance of creative marketing opportunities to reach your Gen Z Consumers.

Listed below are 5 Ways to Practice and Promote Sustainability within your company and help combat Climate Change:

1.    GO SOLAR – Let your property work for you! Produce Green energy, reduce carbon emissions, lower your utility bills, increase your overhead and let Gen Z know that your business is serious about protecting the environment.

2.    Provide Clean Drinking Water – Save the gas your office manager uses to drive to Costco and pick up those 24 plastic bottles that will never disintegrate in Gen Z’s lifetime. Issue a company branded water bottle to each employee and provide filtered water.

3.    Switch to Sustainable Packaging – Then go one step further and reduce the amount of packaging that is used for each product. Not only does it create less waste on the planet, but your company will reduce the amount of energy required to produce and transport the packaging. The less packaging your company buys, the more your company’s overhead will increase.

4.    Allow Telecommuting –  By allowing your employees to work from home, you’ll reduce the energy that’s being used in your office as well as reducing the carbon footprint that comes with commuter traffic. You will create an enviable work environment for talented Gen Z job seekers and a company of loyal employees.

5.    Fill Your Office With Plants – This will improve both the air quality and décor of your offices. As soon as your team members and Gen Z clients walk into your office space, they will appreciate being able to breathe contaminate free air.

Make Your Business sustainable

Gen Z’s consumer will impact business owners and organizations well beyond 2080. Now is the time to become a brand that they will be loyal to for life.

Best Wishes to Baby Boomers, Gen Xers, Millennials and Gen Zers everywhere for a Happy, Peaceful, and Sustainable Decade!

 

Now that Santa has replaced lumps of COAL with SOLAR PANELS – Kids WANT to be Naughty!

Cover Story

 

Teachers at North Pole Elementary School North are facing a crisis. After Santa announced that in place of lumps of coal, he would be putting environmentally friendly Solar Panels in Naughty kid’s Stockings. Santa’s announcement has left teachers faced with unruly behavior and complete chaos in their classrooms.

“I’m at my wits end,” stated Mary Lou Who, a fourth grade teacher at North Pole North. “My students are starting snowball fights during recess, doing unassigned reading on Global Warming, and they even skipped a day of school to protest climate change.”

“It has been a bit of a challenge,” agreed Walter Who, Principal at North Pole North. “We’re an environmentally conscience school district and we support renewable energy . However, Santa’s announcement created a sudden about face in our students’ behavior. Previously delightful children now want to be naughty!”

Teachers expected Santa to reverse his decision after witnessing the global naughtiness it has caused, but Santa is not backing down.

Santa explained that he first began thinking about making the switch to solar right before Christmas of 2016 when The Paris Climate Agreement was signed. While The North Pole didn’t have a formal representative at the United Nations Framework Convention on Climate Change, Santa considers himself the global representative in setting the bar on what is naughty and nice for the environment. He knew it was only a matter of time before it was not only morally wrong to have coal be a part of Christmas, but the shrinking coal industry would make it impossible to procure coal.

Santa is joyous to be able to break free from the Coal Industry

“Putting aside the environmental benefits of not relying on coal,” Santa explained. “I also had to consider the economics. Global Citizens are more educated about the damage fossil fuels does to our health and our environment  and demand to produce coal has shrunk significantly. There are just too many naughty kids (and adults) out there to cling to my outdated “coal in your stocking” business model.

Just last month Murray Energy Corp., the largest privately held coal company in the US, declared bankruptcy. It was the eighth coal company to go under in the past year.

Santa further explained that his elves no longer want to handle coal due to the multiple health hazards of breathing coal dust.  He noted that his Workers Compensation policy costs were cut in half after he switched to putting Solar Panels in the Naughty stockings.

Grinch’s deplorable naughtiness is helping our planet

Most North Pole Independent School District parents agree with the assertion that Santa’s new policy is creating a disruption in their children’s education, but Agnes Grinch feels differently:

“My son is Green and I couldn’t be more pleased,”  Mrs. Grinch stated proudly. “His deplorable naughtiness is creating the production of more solar energy, more clean energy, and creating a sustainable planet for the next generation.”

“Mrs. Grinch is spot-on,” agreed Santa. “Believe me, my reindeer and I have travelled to every single galaxy and there is No Planet B.”

5 Ways Geoscape Solar Can Help Market Your Company

Congratulations! Your business has gone solar! You’re saving money on your utilities and enjoying the tax benefits that a solar energy system provides. Now, how do you let both your community and your customers know that your business is now sustainable?

According to multiple Neilson reports, 81% of respondents strongly believe that businesses should be improving our environment. 66% of consumers reported that they would be more loyal to a brand that marketed themselves as sustainable.

In January, a CGS 2019 U.S. Consumer Sustainability Survey reported that 28% of the consumers they surveyed are loyal to brands and entities that have ethical and sustainable business practices.

Being modest about the investment you’ve made in solar energy means that your company is missing out on an opportunity to promote sustainability as part of its brand’s mission. In this arena, Geoscape Solar is not only your Solar Energy Partner but your Marketing Partner as well. Geoscape Solar will help you identify the best ways and practices to help let your customers, clients, congregants, community members and employees know that your company is committed to sustainability.

Here are 5 added-value services that Geoscape Solar can provide to market your business:

1.  Don’t be afraid to say those 3 little words:  “WE’VE GONE SOLAR!”

Make the announcement. Geoscape Solar can help you tell your story to use as a Press Release or an e-mail to your database or employees. Let your community know that your brand is synonymous with reducing Carbon Dioxide in the air they breathe. Let loyal employees know that you’re taking cars off their roads. Let consumers know you’re planting trees in their environment.

2. If it isn’t posted on Facebook, did it really happen?

Success on Social Media requires the right visual content in order to properly engage your audience. Geoscape Solar can help by supplying photographs of your property with the finished solar array. Do you want to post a video that tells the your Solar Story? A slideshow of how your company is impacting the planet? Geoscape Solar’s team of graphic designers and photo editors can help make that happen. Geoscape Solar will also work with your Marketing Department to make sure your posts are cross promoted on all of our social media channels.

Drone Photography of The Wilshire Grand Hotel in West Orange, NJ used for Lobby Display, System Information Cards for each guest room, and Social Media Marketing. All materials designed and executed by Geoscape Solar.

3. Extreme Makeover: Lobby Edition

Your lobby décor is both the first and last impression you give to a customer.  Geoscape Solar can help you use your property to make everyone who walks through your doors is aware that your company is powered by solar energy. This can include a flat-screen that displays your green energy production in real time. Or a mounted poster that highlights how your Geoscape Solar system is making a difference. We can create table brochures and displays that promote your decision to go solar, or a personalized canvass photo of your system to proudly hang on your walls. Depending on the available space in your business or non-profit, the possibilities to enhance brand reputation in your lobby are endless.

4.  Made You Look!

According to recent studies, Print Ads still provide marketing opportunities that digital media will never be able to offer. Print ads offer a level of trust that search engines have not been able to compete with. 65% of the world’s population are visual learners ad that gives print has the advantage of a medium that isn’t static. Geoscape Solar’s marketing team can help you design and provide copy for multitudes of print outlets. This includes billboards, banners, flyers, direct mail pieces and advertorials that tell your solar story.  Billboards can be a great visual to engage potential customers if your solar array isn’t visible from a main road.

5. Did Someone Say Party?

Community Events are a great way to stand out from the competition and let your community know that you’re a forward thinking entity that cares about the future. Sponsor an event in your community and Geoscape Solar can provide you with staff to knowledgeably discuss how your production of green energy positively impacts their environment. Host a party when you get Permission To Operate and “flip the switch” to solar energy in public. Geoscape Solar can help you with invitations, attendance promotion, and provide you with promotional collateral to distribute.

Going Solar with Geoscape Solar is a long-term partnership. We want to listen, to brainstorm, and assist you in promoting your brand as one that prioritizes and practices sustainability.  Reach out to your Solar Advisor or our Marketing Department at 1.877.GEO.SUN.1  ext. 117 to enhance your ROI with a personalized solar marketing campaign.

See Also:https://www.globenewswire.com/news-release/2019/01/10/1686144/0/en/CGS-Survey-Reveals-Sustainability-Is-Driving-Demand-and-Customer-Loyalty.html

https://www.cnbc.com/2018/05/28/10-massive-corporations-going-big-on-solar-power.html

 

How Much Does a Solar Energy System Cost?

This is the #1 Question that Geoscape Solar gets asked in an initial phone call, web-chat, or e-mail. The simple answer might be: “Currently, the cost to convert to solar energy in New Jersey runs about $3.46 per kilowatt.” But what does that tell the property owner? Even if you know your annual electrical usage, this answer doesn’t factor in your roof/land space available to place the solar panels on. Some properties have enough space and the right orientation to cover 100% of their electrical usage. Others will only have enough to cover 80%. Either way, it still probably makes financial sense to go solar, but you still don’t have the actual “cost.”

This number also fails to factor in the credits and rebates that you might qualify for. The current Federal Solar Tax Credit is currently the largest financial incentive available to property owners. This tax credit allows for 30% of the total cost of your solar energy system to be deducted from your 2019 taxes. It is a one-time deduction and will drop to 26% in 2020. If you factor in the 30% deduction, the cost of your solar energy system decreases significantly:

The graphic above depicts examples of smaller Residential kW systems. Larger, commercial properties will enjoy greater tax credits as the credit amount proportionately increases based on the size of the solar energy system.

The Federal Solar Tax credit can be applied to labor, parts, and material for your system. This includes sales and usage taxes. It is important to understand that the 30% tax credit is a non-refundable credit to your 2019 taxes. If you owe $20,000 in taxes and your tax credit is $10,000, you will owe $10,000 in taxes after the credit is applied. Conversely, if you owe $9,000 in taxes and your tax credit is $10,000, the IRS will not refund you the $1,000.  It is also important to note that the Solar Tax Credit goes to the owner of the solar energy system. If you lease the system, you are not able to claim the 30% Tax Credit. A Geoscape Solar Advisor will be able to advise you if it makes more financial sense to buy or lease your system once the tax credit is factored into your overall expenditure.

See Also: https://businessfeed.sunpower.com/home/claim-solar-investment-tax-credit-asap

In addition to your property’s available space to house solar panels, the design of your system is going to be factored around measuring kilowatts and kilowatt hours. It is important to understand the difference.

A watt of electricity is a measure of power.  A kilowatt (kW) is a measure of 1,000 watts of electricity. Solar Panels are rated in units of kilowatts in order to measure the peak amount of power they can produce to offset your electric bill. The more efficient the panel, the more energy it can draw in to offset your usage.  Geoscape Solar installs quality, high efficiency, solar panels. The quality of your solar panels play a large role in the Return on Investment (ROI) that you receive by going solar and how quickly your system pays for itself.

A kilowatt hour (kWh) is the equivalence of 1 watt of energy is being accumulated over a 1 hour time frame. It is the standard unit that Utility Companies use to buy and sell power usage. It is an exact measurement of each hour of electrical usage. There is no correlation between a kilowatt (kW) and a kilowatt hour (kWh) other than you can calculate kilowatt hours by multiplying the kilowatts used by the number of hours it is used for.

In order to calculate the size (kW) and design the most efficient solar energy system for your property, Geoscape Solar takes your daily kilowatt hour (kWh) usage and divides it by the peak sunlight hours of the space you have available (rooftop , ground-mount or carport).  Geoscape Solar’s system design factors in the most efficient solar panels available.

The final factor in determining how much your solar energy system will cost is which solar company you chose to go solar with.  Make sure you choose wisely because a poor installation done by a disreputable installer will cost you fortune. Ask how long have they been in business for. Do they focus exclusively on solar installation or are they roofers that can add on solar panels? What types of solar warranties does the company offer? Do they offer high-efficiency solar panels?  What professional accreditations do they have? Do your research because your relationship with your solar provider is meant to last for decades.

Geoscape Solar is coming up on our 12th year in the solar industry. We only do solar and we do solar right. If you are not completely satisfied with our work, we guarantee that we will make it right. Geoscape Solar has an A+ rating with the Better Business Bureau, we are NABCEP certified, and accredited by the Solar Energy Industries Association (SEIA).

 

 

5 Key Questions Every Solar Proposal Should Answer

Purchasing a solar energy system is a major investment which requires a great deal of research and due diligence to make the best choices in system design, system components, maximize solar energy needs and most important: a solar installer that you can trust as a partner for the lifetime of your system.  Geoscape Solar believes that our best customer is an educated consumer. We expect that our future customers will get multiple bids before deciding who to partner with for their solar journey. With that in mind, here are 5 key questions that every thorough solar energy proposal should answer:

1) Does the system design meet the maximum amount of your energy needs?

The design should be based on the space you have available to install solar panels, your historical kW energy usage, and the quality of panels that are installed. It is not always possible to cover 100% of your usage. Be wary of the solar installer that over-promises what your system will generate.

2) Has a solar advisor come to property to do a comprehensive solar analysis prior to submitting a proposal?

Most credible solar companies will offer a complimentary consultation and solar analysis of your property. Without an on-site visit, it is difficult to determine how a solar energy system can perform to maximum efficiency.

An initial view of your property via satellite can rule a property as viable or not viable for solar energy, it doesn’t take the place of an on-site visit prior to submitting a solar system design.

 3) Are your solar production estimates guaranteed by the solar installer?

This is a pertinent question to pose to every solar energy installer who presents you with a proposal. The biggest exposure a property owner faces is your system not performing as well as the design was proposed to do. Geoscape Solar ensures Solar Sone Right which promises that we will stand behind our performance guarantees.

4) Are both the products and their standard warranties being used in your solar energy system a part of the proposal?

The specifics and efficiency of the equipment your installer will be using should be clearly defined to you. You should receive spec sheets, rating reports, and manufacturer warranties for each major aspect of your solar energy system. Where are these parts manufactured? The solar industry standard for a quality solar panel warranty is 25 years. Make sure that you trust that the solar installer you chose is likely to be around in 25 years and will advocate for you should you need to enforce the manufacturer warranties.

5) Are both the pricing and the terms clearly defined?

Going back to our original statement, converting to solar energy is a major investment in your property.  Make sure that all items on the proposal are clearly defined. If you choose to finance your system, once your financing is secure, your solar advisor should walk you through the financed price and your monthly payments.

GEOSCAPE SOLAR’S BOTTOM LINE SUGGESTIONS:

Make sure the product specifications, services, warranties, and prices are transparent and clearly defined.

Make sure your solar advisor visits your home to do a solar assessment before selling you a system.

Evaluate your current and future energy needs, talk with your solar advisor to make sure the system is not over or under sized.

Make sure your solar installer is established in the NJ area solar industry and understands local policies and procedures.

Evaluate: How long has your solar partner been in business? Will the company be around for the lifetime of your solar energy system?

 

 

Demand for Sustainable Features Shown to Increase Property Values

Recently, the National Association of Realtors , America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries, released the Realtors and Sustainability 2019 Report which found that consumers continue to look for eco-friendly features in a property and are willing to pay a premium to get them.

Other findings showed that in terms of demand, Solar Energy leads this trend. 83% of markets have properties available with a solar energy system. Combined with a perceived increase in the property value, these properties are moving quicker and selling for a higher price.

The study further showed that from March 1, 2018 – February 28, 2019, the median-valued residential property sold for 4.1% more than one without solar. With solar available in 94% of the real-estate markets in the Northeast, the New Jersey area real-estate market saw more gains than the national average with properties with solar systems installed selling for an average of 5.4%.  59% of property buyer factors some level of sustainability into their purchasing choice.

The Realtors and Sustainability 2019 Report was based on a sample of 112,305 practicing real estate agents completing online surveys. However, the National Association of Realtors recognizes that solar power is boosting property values and responding by creating more accurate methods to fine tune how to determine the market value of solar of properties equipped with solar power systems.

Zillow, an online real-estate data company, cites that the reason that properties with solar energy systems sell for a premium is because of the future energy savings they provide. While buyers pay more money upfront, the math calculations generally lead to the conclusion that they will save more money in the long term.

This is especially prevalent with businesses that have a large utility overhead and luxury homes with amenities such as heated floors, wine cellars, or electrically powered work-out equipment.

Zillow also reports that the median home prices in New Jersey have gone up 3.5% over the past year and will continue to rise. Looking at the 5.4% premium that solar brings to a New Jersey property, going solar makes sense to both save money on utilities and reap the benefits of current tax incentives. And should you decide to sell…you can be confident that you have added long term value to your property – this is the type of investment in your property where you don’t have to worry that your choices will go out of style.

Determining Eligibility for the Solar Investment Tax Credit

With the 30% Solar Federal Tax Credit (ITC) coming to an end in 2019, a great deal of material is currently being published about it. The ITC is one of many valuable incentives to consider when converting to solar energy and there are many questions about how the tax credit is applied and which line items qualifies for the credit.

The Solar Tax Credit is a tax credit that can be filed one time for the tax year you install your energy system (Tax Form 5695). The credit amount is calculated as a dollar-for-dollar reduction of your federal tax liability. There is NO CAP on the dollar amount that can be claimed for credit for a solar installation.

In 2020, the Solar Investment Tax Credit (ITC) will drop to 26% and gradually decrease through 2022, at which point it will disappear for residential solar projects and permanently drop to 10% for commercial systems.

Property owners are eligible for the Solar ITC as long as they pay Federal Taxes. To qualify they have to have purchased AND have their solar energy system operational during the year that the tax incentive exists. After 2022, no residential PV system will qualify and commercial PV systems will be permanently capped at 10%.

The Solar Tax Credit is only applicable to products that directly correlate with installation and usage of a solar energy system. Specific products include things such as the solar panels, racking/mounting equipment, inverters, wire, conduits, junction boxes, etc. A storage battery system can also be included if it is directly connected to the applicable PV system.

The labor fees to get the system installed is also falls under the tax credit umbrella. This includes the costs to design the system, panel installation, electrical work (as it relates to the solar energy system), inspection fees and permitting fees. Sales and usage tax on any of the PV system’s products and labor are also eligible.

There are many actions a property owner can take to be greener and more energy efficient. However, unless the products and labor of these improvements are part of your solar energy system, they do not qualify for the 30% Investment Tax Credit. Examples of line items that do not qualify  for the tax credit are things such as stand-alone thermostats, sealing windows and doors, insulation, upgrades to existing HVAC system or standalone battery chargers.

The cost of installing a new roof is more ambiguous in terms of whether or not it is eligible for the PV Tax Credit. Typically, it is not eligible if the solar array covers less than 50% of the new roof.

A Geoscape Solar Advisor will be able to help determine the maximum amount of qualifiers that can be claimed for ITC eligibility based on the specific factors of both your project and your property.

To discover more, we also recommend this post: “Solar Federal Tax Credit: What Is and Isn’t Eligible” from our Amicus Solar Partner – Southern Energy Management in Raleigh, NC.

If you’re considering going solar, don’t delay in setting up a complimentary property analysis with Geoscape Solar. Residential Solar Installations typically take 3 – 4 months from the time a property owner signs a contract. Make the most of your solar tax credit dollars by getting your solar energy system up and running before the end of 2019.

How Does Membership in the Amicus Solar Cooperative Benefit Our Clients?

 

In 2011, a group of solar companies located in multiple regions in the US, came together and created a national organization where independent solar installers could support each other by pooling both their purchasing power and their best practices.  In 2015, Geoscape Solar was asked to join this group of solar companies as the New Jersey market ambassador. As members of the Amicus Solar Cooperative, Geoscape Solar, a medium-sized solar company, is able to negotiate equipment prices with the purchasing power of a $500 Million Dollar Company.

Currently, the Amicus Solar Cooperative has 51 member-owners with office locations in 38 states, the District of Columbia, Puerto Rico and Canada. Collaboratively, we have licenses to operate in all 50 states and continue to grow! Our cooperative is owned and led by its member companies.  Amicus members pass enhanced purchasing power along to customers by offering the best solar pricing on high-quality solar energy system installations.  

The Benefits of Geoscape Solar’s Partnership with Amicus Solar Include:

We purchase better equipment at lower prices, this allows us to provide better pricing 

Your system’s performance, quality and operational efficiency are optimized based on Amicus members sharing best practices and technical knowledge

Access to top-tier partners to work with for solar financing, design, and product warranties

Amicus vets all suppliers and exclusively choses companies with positive track records. This means that the equipment you’re investing in is the best equipment that is currently available

Support local NJ installers instead of larger, national companies without sacrificing cost or quality 

Amicus is interested in maintaining thriving, local solar installation companies and creating a competitive advantage via pooled purchasing power. By empowering local solar companies to compete on the same economic playing field with larger, solar installation chains, both jobs and money stay in the local economy.

Amicus Solar Cooperative members are mission driven, vision aligned businesses. Geoscape Solar’s mission is to provide energy alternatives that build a more sustainable difference. We inspire, we educate, and we make it easy to make a difference.

Member Focus: Geoscape Solar

 

Why Property Owners Need to Make a Solar Reservation

Any property owner who has looked into converting to solar energy most likely discovered that the 30% Solar Federal Tax Credit (ITC) ends on January 1, 2020.  This solar tax credit is remains available for solar installation costs for solar energy systems installed in 2019. This deadline might give property owners the false impression that they have until December 31st to decide whether or not to go solar. However, the day you sign your solar contract is not the day your project is eligible for the Solar Federal Tax Credit or NJ SRECs.

Geoscape Solar makes going solar as easily and as quickly as possible. However, no solar company can bypass the time gap between date of signing, getting solar permits from your town, permission from your utility company, ordering materials, scheduling your property for installation, installing your solar panels and getting Permission to Operate (PTO) after installation. If any solar company tells you that they can get around any of these things – don’t believe them! Any reputable NJ solar installer should transparently inform you that depending on your town and the specifics of your solar project, the timeframe from the date of signing your solar contract to the date of solar energy production can be anywhere from 12 – 21 weeks.

 

Thanks to multiple tax incentives and a government commitment to reversing climate change, New Jersey is now the hottest Clean Energy Economy in the US! This is great news for The Garden State… but it also means that the number NJ Solar Energy Projects is exploding. High demand for solar has also been fueled as the result of 2019 being the last year to receive the full 30% Federal Tax Credit. The ITC will ultimately disappear for residential solar projects and permanently drop to 10% for commercial solar systems.

This unprecedented growth in the Solar Industry means that installation time slots are filling up quickly. The transition to solar could potentially take several months depending factors such as permitting speed, HOA processes, and utility provider backlog.

If you’re even considering converting to solar energy, we encourage property owners to take advantage of Geoscape Solar’s complimentary solar assessment of your commercial or residential property. Bypass getting caught in a scheduling rush which could limit your ability to receive a full 30% tax credit.  

FEEL THE THRILL OF SOLAR SAVINGS!!

GO SOLAR WITH GEOSCAPE SOLAR IN APRIL 2019 AND RECEIVE A $500 SOLAR REBATE!

 

Discover More About NJ Incentives to Go Solar: https://www.geoscapesolar.com/value-of-going-solar-in-new-jersey/

30 Reasons to Go Solar in 2019  https://southern-energy.com/30-reasons-to-go-solar-in-2019/