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When a commercial or residential solar PV system is built in Toms New Jersey, the owner is able to file for a federal income tax credit. The tax credit for both states is currently 30%
Commercial solar systems may also take advantage of Accelerated Depreciations (MACRS), which allows a commercial solar project owner to depreciate almost the full value of the cost basis year one.
Learn MoreEligibility will vary depending on your precise location.
Solar system owners in Toms can take advantage of the New Jersey State performance based solar incentive system, called Successor Solar Incentives (SuSI). A solar system earns one credit for every 1,000 kilowatts hours (1 Megawatt hour) that the system produces. For most residential systems these certificates are $90 and most commercial solar systems would receive $100.
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The integration of solar energy into the operations of the Ocean County Mall in Toms River, New Jersey, presents an exciting opportunity to blend renewable energy solutions with retail commerce. This initiative could not only reduce the mall's carbon footprint but also set a precedent for environmental sustainability in the retail sector. As we explore the potential of a Toms River Solar Company to revolutionize the Ocean County Mall, we delve into the heart of sustainable development within the commercial sphere.
In this article, you will learn:
Let's embark on a journey to discover how the Ocean County Mall can become a beacon of sustainability and innovation in Toms River and beyond.
The Ocean County Mall, a super-regional mall managed by Simon Property Group, stands as a prime candidate for solar energy integration. With a gross leasable area of 791,125 sq ft, the mall's expansive roof offers an ideal platform for solar panels. Installing solar panels could significantly reduce energy costs and reliance on non-renewable power sources, aligning with the growing demand for green initiatives in public spaces.
Introducing solar parking canopies can provide dual benefits: generating clean energy and offering shade to visitors' vehicles. These structures can transform the mall's vast parking areas into solar energy hubs, contributing to the mall's power supply while enhancing customer experience. Additionally, electric vehicle (EV) charging stations powered by these canopies could attract environmentally conscious consumers and encourage sustainable transportation.
Upgrading to solar-powered lighting and signage throughout the mall and its parking lot not only reduces energy consumption but also showcases the mall's commitment to sustainability. This move could include replacing traditional lighting with LED fixtures powered by solar energy, thereby decreasing operational costs and improving the mall's environmental footprint.
Integrating solar energy into the Ocean County Mall's operations offers a pathway to environmental sustainability, reduced operational costs, and enhanced visitor experience. By harnessing solar power, installing solar parking canopies, and upgrading to solar-powered lighting, the mall can set a new standard for green retail spaces in Toms River and beyond. The journey towards solar integration requires thorough planning, community engagement, and strategic partnerships, but the benefits of such an initiative are vast and far-reaching.
As we look to the future, the next natural step for interested readers could be exploring the broader implications of solar energy in commercial real estate. Delving into the success stories, challenges, and innovations in solar-powered retail spaces could provide valuable insights and inspiration for sustainable development across industries.
This exploration into solar energy at the Ocean County Mall not only highlights the potential for renewable energy in retail but also paves the way for a brighter, more sustainable future in Toms River.
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