President Obama signed into law Friday a massive tax-cut deal that includes an year long extension of tax credits for solar power as well as other alternative energy programs. “I am absolutely convinced that this tax cut plan, while not perfect, will help grow our economy and create jobs in the private sector,” Obama said this week.
This is great news for the numerous businesses that were running out of time to take advantage of the plan, which had been formerly scheduled to end December 31st, 2010.
The plan allows a 30% tax credit on commercial solar systems, to be received as a grant for installations on commercial buildings.
Arosa Solar, a solar system installation company located in Lakewood, New Jersey, has seen an upswing in the past year in demand for solar installations on local businesses and schools. They have installed cutting edge systems on the roofs of several major businesses and most recently handled the installation of a massive system on a 25,000 square foot roof of a girls’ high school building in Lakewood.
“We are in the midst of negotiating with other schools in the community to help them with their energy bills, and are anticipating many more institutions to come forward and request the same for themselves”, says Tessler. “Many schools in New Jersey are installing solar systems and we expect to see this trend continue. It just makes good sense; both financially and from an environmental viewpoint.”
“We are very glad that the solar power incentives are being extended for at least another year,” Shimmy added. “People are finally starting to realize just how much better things can be with solar, and the incentives add that extra bit of motivation and get the ball rolling.”
The funding assistance encourages New Jersey home and business owners alike to install energy saving solar systems – and the benefits after just a few years are considerable, as paid off systems can provide power as well as income. Solar systems ‘earn’ SRECs for every megawatt of power produced, and these currently sell for around $650 in New Jersey – mainly to energy companies which buy them to meet mandated quotas for ‘green energy’. TLS.
I like the idea of going solar. can someone tell me how long arosa solar is around and a phone # to contact them?
732.886.2322
How does a tax credit help a non profit, tax exempt institution?
YOU KEEP TAKING OUT MY BLOGS. apparrently you are bias & self reliant. so be it.
My Suggestion is- Don’t call the solar company directly they will give you a nice sales pitch. After all what do you know about solar. In other words they will sell you the bridge for a good price. Get a “3rd party ” Solar consultant to get you the best deal for your buck and make sure you are not taken for a ride.
Heshy and Shimmy are really good honest staright guys. It was a pleasure using them.
Efraim Cohen from Arosa Solar is someone who knows his melacha. He is a big mentch. I am putting solar on my Nursing Home and it is such a pleasure dealing with Efraim Cohen @ Arosa. Thank you Efraim for being such a great person.
Way to go BerkoWatts Electric
Does the lunar eclipse have anything to do with this solar stuff or is it a totally different ball park?