Solar Energy of New Jersey LLC 2017-05-13T15:54:04+00:00


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Solar Energy of New Jersey | Serving all of New Jersey


Increasingly, New Jersey homeowners and businesses and governments are turning to solar energy as a way to power their electricity needs. Why? Well, most people believe it is because solar power systems generate clean energy and are a solution to global warming. Although, this is very true and benefits are enormous, more and more governments are recognizing the many other benefits that solar energy systems provide, and adding incentives to help more people go solar. Solar Energy of New Jersey is your number one choice to select for your needs.

Possible Average Energy Cost Savings for NJ Residents Over 20 Years by Converting to Solar.*


  • Solar costs less than electricity from your utility:

    Why pay more for the electricity you need anyway?  The cost of electricity produced by solar is actually less than the electricity you buy from your utility-especially considering how much electric rates are going to continue increasing.

  • It’s a smart investment:

    Not only does it cost less, but with SRECs, you will pay your system off quickly and then make money! Plus, right now you can take advantage of generous state and federal incentives as well as Trinity’s innovative suite of financing programs to make sure solar is cost effective for you.

  • Your home value will increase:

    Your home will actually increase in value with solar because new home buyers will have a lower energy bill than a comparable home without solar.

  • Solar lessens our dependence on fossil fuels:

    The cost of extracting the fossil fuels to power America is going up considerably.  When environmental, transportation, exploration, and political factors are accounted for, electricity from solar energy systems is a more sustainable way to grow our economy and lessen our dependence on other energy-rich nations.

  • Solar is a more efficient way to power our nation:

    With solar power being produced by the end users, less investment required into the utility’s transmission and distribution grid (which is aging considerably and in desperate need of upgrades) as well as into peaking power plants.  The more solar power systems deployed across the grid, the less investment is needed into those ugly power lines and polluting electric generation stations.

5-Easy-Steps to Going Solar


Why Solar for your business?  Professional industry leaders like Apple, Google and Microsoft have all ushered in the era of renewable energy – and now it’s your business’s turn.

  • Total Control Over Utilities

    Many Fortune 500 companies flock to install panels because of the available cost savings. With the newfound ability to plan electricity costs, organizations can rein in their operating expenses from the moment their solar inverter turn on.

    Rooftops are unused, spacious assets that serve as perfect environments for hosting solar panels. By switching to solar energy, a business can avoid high costs associated with peak demand usage, which commonly affects commercial spaces.

    Solar panels allow you to circumvent price hikes that accompany a volatile market for fossil fuels. Avoid paying higher than normal fees for electricity and cut costs in a bid for greater operational flexibility.

  • Solar is a Smart Investment

    It’s easy to see why solar makes sense for your business. Organizations meticulously plan out every dollar that will be spent in advance to ensure any and all budgetary concerns are taken into consideration. Energy prices rarely remain constant, which can throw a wrench in the works.

    Solar panels provide long-term control over electricity pricing and serve as a move that will reap returns on the initial investment years down the line. For every megawatt-hour produced by the system, the owner gains a Solar Renewable Energy Credit (SREC), which can be sold for additional profit. Over time this turns the venture from negative to a positive net present value (NPV). In turn, companies can essentially make a profit through energy savings, as well as by selling SRECs.

Solar Financing for Business

We work with banks, lending institutions and finance companies to find the best solar financing options available to you. We help you save on energy costs now and in the future.

Solar Leasing

We work with banks and other financing institutions to finance your system. Two common forms of leases are:

  • Operating Leases (True Tax Lease)
  • Capital Leases
  • Operating Leases

An operating lease is also known as a True Tax Lease where the Lessor effectively owns the system and the lessee simple makes a monthly payment. The lessee gets all SRECs and electricity savings for the term of the lease and the lessor gets all the tax benefits including depreciation. This method of leasing is popular for those that can’t use accelerated depreciation benefits, as one of the key benefits occurs at the end of the term where the lessee can return the system to the bank or choose to purchase the system or even renew the lease.

For a lease to be qualified as a true lease by the Internal Revenue Service, all of the following FASB conditions must be met:

Transfer of ownership prior to the maturity of the lease is not allowed;
There can be no bargain purchase option;
The remaining economic life for the asset at the end of the lease must be at least one year or 20% of the originally estimated life; and
The lessor has to maintain at least 20% of the asset’s value throughout the term of the lease.

Capital Leases

A capital lease is a loan offered by a bank where the lessee buys the system at the end of the lease term for $1. All tax benefits, SRECs and electricity savings accrue to the lessee. Because the lessor does not get the tax benefits, capital leases usually have a higher monthly payment than operating leases.

Commercial Incentives:
Commercial Solar Incentives Summary

With forces like global warming, rising energy costs, and the need for energy independence, federal and state incentives are rapidly being put in place that make solar financially attractive.

Available commercial incentives available are:

  • 30% Federal Tax Credit
  • MACRS (5-yr Accelerated depreciation)
  • State and Local Incentives

The federal incentives cover over 55% of the cost of the system. Coupling the federal incentives with available local incentives can make installing a solar power system an excellent option toward addressing your uncontrollable operating costs.

State Incentive examples include:

New Jersey’s Solar Renewable Energy Credit program
Long Island’s Non-Residential PV Rebate Program

Commercial Solar Incentives:
The best time to take advantage of federal solar incentives is ASAP.

Tax Rebates


The 30% Federal Tax Credit is a federal solar tax rebate that allows businesses to offset their income taxes when they purchase a solar power system. The IRS tax code also allows for the tax credit to provide Alternative Minimum Tax relief.

The federal incentive for business energy investment available under 26 USC § 48 was expanded significantly by the Energy Improvement and Extension Act of 2008 (H.R. 1424), enacted in October 2008.

In 2015, the passing of the Omnibus Appropriations Act extended the residential and commercial ITC and revised the previous “placed-in-service” standard for qualification for the credit to a “commence construction” standard for projects completed by the end of 2023.

Carryback / Carryforward Provisions

A commercial solar tax credit that a taxpayer cannot use can be carried back one year. If there is still an unused credit, then the credit can be carried forward 20 years.

Background / Authority

The federal Energy Policy Act of 2005 (H.R. 6) expanded the federal business energy tax credit for solar installed in 2006 and 2007. These provisions of the tax credit were later extended through December 31, 2008, by Section 207 of the Tax Relief and Health Care Act of 2006 (H.R. 6111).

The Energy Improvement and Extension Act of 2008 (HR 1424) greatly extended the duration and terms of the tax credit available to business owners.

Business energy credits are claimed by attaching Form 3468 to one’s tax return.
General Business credits are claimed by attached Form 3800.
Authority: Section 48(a)(3) (Investment Credit: Energy Credit) of the IRS tax code.


For solar property placed in service after 1986, the current Modified Accelerated Cost-Recovery System (MACRS) property class is five years.

For more information, see IRS Publication 946, IRS Form 4562: Depreciation and Amortization, and Instructions for Form 4562. The IRS web site provides a search mechanism for forms and publications. Enter the relevant form, publication name or number, and click “GO” to receive the requested form or publication.

For a non-profit organization, the economics of solar are a little different since they are not entitled to the same Federal Benefits as a for-profit commercial. However, there are often other programs to help make solar not only possible, but affordable and cost-effective for non-profits as well.

States often incentivize non-profit solar applicants differently than commercial, recognizing that the Federal Benefits aren’t the same. Solar Energy of New Jersey, LLC has unique financing options designed specifically for non-profit entities.
Not only is it important for the non-profit facility to go solar, but Solar Energy of New Jersey, LLC likes to bring solar to members of that group as well.

  • Religious groups/parishes/congregations
  • Members
  • Employees/Staff

Serving all of New Jersey

Solar Energy of New Jersey serves the entire state, so from West New York to Cape May, we can deliver the highest quality solar products at the most affordable price. Call 609.561.7597 or fill out the form for a free quote!


Get control over energy costs and save on your monthly bill while making your planet a better place with clean, renewable energy.
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