• Be Part of the Solution
• Financial Incentives
• Hedge Against Future Energy Price Increase

By producing solar electricity, you will be doing your part to:

• Reduce greenhouse gas emissions
• Reduce US dependence on foreign oil
• Reduce load on the energy grid

Producing electricity with a PV system uses energy directly from the sun and does not require the burning of fossil fuels such as natural gas and coal. As a result, producing and using solar energy helps the environment by reducing greenhouse gases and improving overall air quality. Each 10 kW of an operating PV system prevents the following emissions from burning fossil fuels:

Environmental Compound	What it is?	Emission Reduction
Carbon dioxide	Greenhouse gas (potential cause of global warming)	12,000 pounds per year
Nitrogen oxides	Precursor to ozone/smog and acid rain	25 pounds per year
Sulfur dioxide	Asthma irritant and precursor to acid rain	60 pounds per year

Rebates and incentives make PV systems financially attractive:

• State or utility rebates can offset up to 70% of the cost
• Green energy certificates (SRECs) can be sold for profit each year on open market
• 10% federal tax credit (commercial systems)
• Accelerated 5-year depreciation (commercial systems)
• Tax deductions for loan interest
• No sales tax

With these incentives, the PV system will generally pay for itself within a few years, and provide positive cash flow thereafter. GeoTrans can also arrange for financing such that no outlay of funds may ever be required. For more information on all of these incentives, use the following link: {Solar Rebates and Incentives}.

Typical 100 kW Commercial System in New Jersey (12,000 sq. ft. - generates 110,000 kWh per year)

Total System Cost $675,000      NJCEP Rebates - $405,000      10% Federal Tax Credit - $27,000      Accelerated Depreciation - $89,775 Net Cost to Customer $153,225       Estimated savings and income over 25 years      - Estimated avoided utility costs ($490,000)      - Estimated additional income from SRECs ($434,000) $924,000 Payback period 5 year

Ask GeoTrans for a site-specific financial analysis including annual cash flow

The PV portion of electrical usage is "pre-paid". Since less electricity is purchased from the grid, less future energy use is subject to large price fluctuations.