Solar Power NJNew Jersey Solar Solutions Inc.New Jersey Solar Solutions Inc.

COMMERCIAL SOLAR HOT WATER

HOW YOU BENEFIT FROM YOUR SYSTEM

Heating water for your business or industrial processes is one of the most energy consuming demands you have.

A solar hot water system can reduce the energy you require to heat your water anywhere from 60 to 80%.

Substantial Federal Tax Credit

Your solar hot water system is eligible for a Federal Tax Credit of 30% of the installed cost of the system. This will significantly increase the return on your investment.

Accelerated Depreciation

Your system is also eligible under the IRS Modified Accelerated Cost-Recovery System (MACRS) to accelerated depreciation over five years.

This is likely to have a significant impact on your rate of return, although this will depend on your particular tax situation.

Your system is a long-term investment that will provide the following benefits over many years:

  • Free hot water, or greatly reduced utility bills, saving you $100s or $1,000s annually – this can be even more significant if your utility company has a tiered rate structure, charging more at higher levels of usage.
  • A significant return on your investment.
  • A hedge against increased energy prices – once installed, your system will be producing all or some of your hot water at no cost.
  • The use of clean, non-polluting renewable energy – it is estimated that, over a 20 year period, a solar hot water system that replaces an electric system will avoid 50 tons of carbon dioxide emissions. Carbon dioxide traps heat, contributing to the global warming.
  • You are contributing to a reduced dependence on foreign oil.

Your particular requirements for hot water are unique and each situation must be carefully analyzed on a case-by-case basis. Our free on-site evaluation will determine the most cost effective means for you to provide your hot water needs for the long term.


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