The Transformative Power of Solar Energy

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Direct Energy Business | Centrica Business Solutions

 

Installing solar power on your property combines reliability and resilience for a truly sustainable energy solution. States like Massachusetts and New Jersey are leading the charge with incentives that reduce the cost of your solar investment and make solar a readily available resource.


With your daily business operations, the last thing you want to worry about is the reliability and cost of your business’s energy supply. An investment in a solar and storage solution helps businesses generate and store their own power onsite, saving them money on their kilowatt-hour energy charges and demand charges.

 

Solar is an energy source that empowers businesses to reduce their reliance on the utility grid. It is sustainable, efficient and cost-effective. It also combines the reliability of your traditional energy supply with sustainability requirements to lessen your carbon footprint and meet sustainability goals. When combined with a battery storage solution, it is resilient in the face of expensive peak demand charges. With generous solar incentives from the federal and state governments, making the transition to solar has never been simpler. States such as Massachusetts and New Jersey are leading the charge with established programs that make solar a more readily available resource.

Solar Energy in Massachusetts

Massachusetts has historically endorsed solar as a preferred energy solution. With high electricity rates that result in a short payback period from the solar investment, the state offers unique incentives such as the production-based Solar Massachusetts Renewable Target program. Qualifying solar installations receive an “All-In-Rate” compensation from the state which sets a fixed rate per kilowatt-hour of solar energy produced.

Applications for the first block of SMART begin in 2018 and to secure the greatest program incentive, it’s imperative Massachusetts-based businesses invest in solar now. This guarantees your business will be included in an earlier block which saves you money (rates decrease by four percent in each subsequent block.)

Solar Energy in New Jersey

New Jersey has also been on the cutting edge of solar energy for quite some time. With several programs available, including the Renewable Portfolio Standard – which has a dedicated carve-out for solar power – and Solar Renewable Energy Credits, it’s an attractive energy choice for businesses in New Jersey. Your solar system doesn’t simply generate power for your business – with the New Jersey SREC program, every 1,000 kwh of solar energy produced yields one SREC, which can be sold on the open market to help utilities meet the New Jersey RPS standards.

Solar Energy Nationally

In addition to state incentives, national programs are also available to reduce the cost of solar investment. Offerings include the Business Energy Investment Tax Credit which, according to Energy.gov, assumes a third of the total cost of the solar system, as well as the Accelerated Depreciation Bonus – system cost can be fully depreciated in the first year, and considering the new corporate tax rate, this means the federal government covers 21 percent of your solar system cost. Other programs are available based upon need, location and the structure of the unique solar system.

Choosing your solar solution

As you contemplate the resilience of your business, consider solar from Direct Energy Business through collaboration with our sister company, Centrica Business Solutions. The customized service and extensive experience we offer ensures we can provide the right solar solution for your business while also maximizing your energy strategy. Our custom solar installations range from rooftops to carports to ground mounts.

Our signature solar offer is a turnkey solution for on-site, behind-the-meter solar power. This long-term commitment lowers your reliance on the grid while also generating extra revenue. After an in-depth analysis, we financing options, manage and provide warranties on a custom solar installation for your business – plus help you generate revenue by selling the excess solar power you generate back to grid operators.

Solar prices are at all-time lows and incentives are always changing, so it’s important to act now to make solar an integral part of your energy strategy. The combination of solar incentives, our extensive experience, and immediate efficiencies make solar an integral part of your energy strategy.

 

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Article originally posted by Centrica Business Solutions 

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