As electric costs continue to rise, companies are looking for opportunities to control these costs. They find it is hard to budget for the yearly increases that are market driven and unpredictable.

The State Dilemma:

• The demand for electric is projected to increase 1.5% a year thru 2020
• Increase demand will lead to possible brownouts in the next 8–10 years
• Electric price increases are trending over 10% a year

The State of New Jersey is committed to increasing the amount of renewable energy source to 22.5% by 2020.  Recent steps have been implemented to help jump start the program and provide an incentive that finally provides an ROI that makes sense.

Below is an outline of the steps recently taken that makes this investment desirable.

• Federal Government provides 30% tax credit.
• PSEG will be paying SREC’s (Solar Renewable Energy Certificate) each time a solar electric system generates 1000kwh of electricity. 
• Your electric bill will be decreased by the value of the electric you are generating.
• Full 7% State Sales Tax Exemption
• Federal Guidelines allow for 5 year accelerated Depreciation of basis.
• We can provide very competitive financing and your loan interest is deductible.

Hutchinson Business Solutions has partners with BP Solar, a world leader in the solar field. They are the only company that has been making solar panels longer than their warranty (30 years). They offer a full 25-year warranty on the equipment and a full 10-year warranty on the installation.