Benefits for non-residential solar projects in New Jersey
- Federal tax credit (30% or more)
- REAP grants
- High and volatile grid electricity prices encourage businesses to consider solar adoption
- Robust solar Incentives offered by the state
- Incentives for on-site and off-site solar projects
Administratively Determined Incentive
Administratively Determined Incentive (ADI) supports net-metered non-residential and community solar projects of 5 MW (DC) or less. This incentive program covers rooftop solar projects, carports, and solar canopies and offers a fixed incentive for 15 years. It’s worth noting that solar projects on commercial properties can deliver an ROI in as little as 4 years when state incentives are combined with the fed investment tax credit.
The power of Power Purchase Agreement (PPA)
Even if an immediate investment in solar energy isn’t on your plan, we can still support you.
Through a Power Purchase Agreement (PPA), your solar project can receive financial support from a third-party investor like Solect. Here’s how it works: Solect leases your property to develop, own, and manage a solar energy system on it. In exchange, you purchase the electricity generated at a substantially lower and fixed rate for an agreed-upon period, typically 20 to 25 years.
Why Solect: our differentiators at a glance
Excellence in quality, safety, value, and performance forms Solect’s cornerstones.
Our consistent process delivers outstanding results for our clients.
Assess project site(s) and current and future electric profile
Present analyses and recommendations on financial benefits
Contract, engineer, and
develop
Construct, interconnect, and commission projects
Optimize your solar ROI
with cutting-edge O&M services
Asset and performance management,
and compliance