Commercial Solar FAQs

Frequently Asked Questions about Commercial Solar Energy

Below you will find some of the more commonly asked questions about commercial solar energy systems. Take some time and review some of these solar energy questions so you can be more familiar with how solar energy works and what solar energy does for homeowners.

Q. What if I produce more power than I consume?
Q. Are there any state or federal incentive programs in place?
Q. How does the 30% Federal Tax Credit work?
Q. Can businesses depreciate solar equipment?
Q. What is a Solar Renewable Energy Certificate (SREC)?
Q. Is there any maintenance to do on the system?
Q. How long will a solar system last?
Q. How long does it take for a system to pay for itself?
Q. Is your solar installer NABCEP certified?
Q. Is your installer on NJ Clean Energy’s Certified Installer list?
Q. Is your installer providing you with a guarantee on the system’s output?
Q. What type of solar panels are being offered as part of the installation - monocrystalline or polycrystalline?
Q. What is the workmanship warranty of the solar module?
Q. Does your installer offer a turn-key solution that includes all paperwork and filings?
Q. Does your installer offer a monitoring system?

Q. What if I produce more power than I consume?
A. When your solar system generates more electricity than your building can immediately use, the excess power flows back to the utility grid and your digital meter receives a credit for it. When your business uses more power than is being produced by the solar system, the meter displays the power drawn from the utility grid. This is called Net Metering. Net metering customers are charged only for the “net” power that they use over a designated time period. Back to Solar FAQs

Q. Are there any state or federal incentive programs in place?
A. Both the State and Federal governments offer tremendous financial incentives for going solar. A combination of incentives and tax credits can cover up to 60% or more of the cost! The most important thing to keep in mind about these government programs is that they won’t last forever. Contact GeoPeak Energy for details on the current incentives offered by the state and federal government. Back to Solar FAQs

Q. How does the 30% Federal Tax Credit work?
A. Established by the Energy Policy Act of 2005, owners of renewable energy property are eligible for a Federal Incentive Tax Credit equal to 30% of the eligible system cost. If the tax credit exceeds the customer’s first year tax liability, the excess amount may be continuously carried forward for 20 years. Commercial projects may also apply for a 30% Department of Treasury Cash Grant in lieu of the Incentive Tax Credit. Back to Solar FAQs

Q. Can businesses depreciate solar equipment?
A. Businesses installing solar systems can now avail of the new 1 year 100% bonus depreciation or MACRS accelerated 5 year depreciation schedule, which significantly increases their rate of return and decreases risk on the investment. Back to Solar FAQs

Q. What is a Solar Renewable Energy Certificate (SREC)?
A. A SREC is a tradeable certificate that represents the clean energy benefits of the electricity generated by a solar electric system. A SREC is issued for every 1,000 kWh generated by the system and can be sold to generate additional income. Back to Solar FAQs

Q. Is there any maintenance to do on the system?
A. Your solar energy system requires very little maintenance; an occasional rainstorm is usually sufficient to keep your system clean of dirt. GeoPeak Energy includes an industry leading workmanship warranty that covers all maintenance and repairs. Back to Solar FAQs

Q. How long will a solar system last?
A. Solar panels carry manufacturer’s limited power warranties for 20-25 years and limited product warranties for a range of 1-10 years depending on the manufacturer. Inverters generally carry manufacturer warranties of between 5-10 years. Quality solar systems have a track record of lasting over 35 years. Back to Solar FAQs

Q. How long does it take for a system to pay for itself?
A. Solar is a smart financial investment because you will save money on electrical costs for years to come. Customers typically see a strong Return on Investment (ROI) and expect to recoup their solar system investment within 4 - 5 years, depending on the rebates and incentives received. Contact GeoPeak Energy for a free and customized financial analysis. Back to Solar FAQs

Q. Is your solar installer NABCEP certified?
A. Our installers and engineers are all PV trained and have passed industry certifications courses from nationally recognized organizations, including the North American Board of Certified Energy Practitioners (NABCEP) and SunPower University. Back to Solar FAQs

Q. Is your installer on NJ Clean Energy’s Certified Installer list?
A. In order to protect consumers from untrained and uncertified solar installers, the New Jersey Clean Energy Program has implemented a process in which installers who consistently pass state inspections are rewarded with a QA certification. GeoPeak Energy is proud to have achieved this high level of quality and strives to maintain it on each of our installations. Back to Solar FAQs

Q. Is your installer providing you with a guarantee on the system’s output?
A. At GeoPeak Energy, our experienced engineers custom design your energy solution to maximize system production. We provide our clients with a quality solution and stand behind it by giving a system output guarantee. Back to Solar FAQs

Q. What type of solar panels are being offered as part of the installation - monocrystalline or polycrystalline?
A. Monocrystalline modules have up to 30% higher power output than polycrystalline modules with only a 10% difference in cost. GeoPeak Energy is a dealer for SunPower, manufacturer of the highest efficiency monocrystalline modules in the world, delivering the most power per square foot. We also carry a wide range of industry recognized polycrystalline modules as part of our value offerings. Back to Solar FAQs

Q. What is the workmanship warranty of the solar module?
A. Most manufacturers of polycrystalline modules offer a 5 year workmanship warranty, while monocrystalline manufacturers include industry leading 10 year limited workmanship warranties. Most manufacturers offer a 25 year power output guarantee but this is limited by the workmanship warranty of the modules. While selecting solar modules, the workmanship warranty takes precedence over the output guarantee. Back to Solar FAQs

Q. Does your installer offer a turn-key solution that includes all paperwork and filings?
A. As part of our comprehensive service, GeoPeak Energy will obtain all local permitting, state filings, interconnection approvals and commissioning. We’ll also schedule and attend all required inspections to ensure a worry-free approval process with no hidden fees. Back to Solar FAQs

Q. Does your installer offer a monitoring system?
A. GeoPeak Energy offers multiple avenues to monitor your system’s production and performance. With our SunPower offering you will receive a monitoring system to track the performance of your solar system in real time. This monitoring system can be accessed in three ways - a wireless display, an interactive web based system, and applications for your iPhone™ or iPod® touch. GeoPeak’s Monitoring System puts you in complete control, helping you maximize your investment and save on energy expenses. You can watch your system perform and track how the clean energy you’ve produced has benefited the environment. Back to Solar FAQs