The solar Investment Tax Credit (ITC), a federal tax credit for solar systems on residential and commercial properties, is set to expire at the end of 2016. The financial benefits of “going solar” therefore may be the best they are likely to be for the next several years.
The industry is contracting now to complete projects before the federal tax deadline. As a result, taking advantage of currently attractive rates depends upon moving quickly.
School districts across New Jersey have been leaders in generating their own electricity from solar panels. These installations reduce energy costs, provide long-term price stability, and realize the many benefits that come from using a clean, carbon-free source of power. Solutions are now available that make it possible for schools to generate their own solar power without any out-of-pocket expense.
Districts considering solar projects are encouraged to act quickly, as procurement needs to begin soon. The ACESplus program, available through NJSBA, offers resources for engaging the consulting services needed to pursue solar projects, with minimal procurement effort and typically no budgeted expense.
To learn more, contact Carol Friedman by email or at (732) 296-0770.