GREEN PROJECT
Greening Highland Park Businesses
Installing a Photovoltaic System on Your Business Building
You can see the savings that a photovoltaic system can incur for your business by using the New Jersey Clean Power Estimator. It will calculate the amount of electricity you will generate, how many pounds of carbon dioxide (CO2) emissions you can prevent, and the amount of savings you can achieve on your energy bills by installing and operating a solar electric system. You will need to enter some information, which is analyzed with other data, such as the appropriate New Jersey electric rate schedule, federal and New Jersey state income tax rates, New Jersey Clean Energy Program economic incentives, local weather data, electric load profiles, clean energy system performance. Visit their website http://www.njcep.com/html/estimator_f.html to find out what system is best for your business.
The State offers financial assistance in the form of rebates to businesses that install photovoltaic systems on their businesses. You receive rebates up to 70% of the initial cost of a system under 10 kW in size or 60% of a system between 10 kW and 1000 kW. Rebates are also available for wind and biomass applications. Check out the incentives at http://www.njcep.com/html/2_incent.html.
