Well, NJ CAR has joined forces with The Solar Center (TSC) to help Coalition members achieve a green status while saving money on electrical consumption. TSC will review the dealership’s electrical useage and practices and will then provide solutions, such as lighting upgrades and solar electric systems, to help dealers reduce consumption and thereby reduce spending.
With federal tax credits, accelerated depreciation and solar renewable energy credits ALL on the table, solar electric systems are more affordable than ever. Dealers would have the choice of either investing in their own solar generation system or signing a Solar Power Purchase Agreement (SPPA), which allows a dealer to buy electricity at a fixed cost with no capital outlay. The system is owned by an investment group that can use the tax benefits, and is responsible for all maintenance over the life of the system.
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