His middle name is “Commercial Solar”….
You don’t just roll out of bed with the title of Partnerships, Policy and Commercial Sales at Solar States. You’ve got to earn it, and Todd Baylson has. If you prefer to connect directly to Todd. feel free to do so. You can connect with him on LinkedIn here or message him directly through the form. Todd is a man of answers and pleasant conversation, so we suggest you reach out.
Active Tax Benefits & Incentives
What is the Investment Tax Credit (ITC)?
How Does the Tax Credit Work?
How Do I Claim the Investment Tax Credit?
Accelerated Deprecation (for Businesses Only)
A few need-to-knows…
What is Net Metering?
Net Metering is a billing mechanism that allows solar owners to sell unused energy back to the grid. If your system produces enough unused energy, net metering can offset your bill 100%.
How does Net Metering work?
In the summertime, when solar systems often produce 3-5x as much energy as in the winter, you’re not spending all of the energy you’re producing. With net metering, your system will send this unused energy to the grid and store it there. In return, you’ll receive “solar credits” that can be used later (like during the night when you aren’t producing much solar).
What are SRECs?
Every energy supplier must have a percentage of their output come from solar. The percentage is authorized by the state. In Pennsylvania, it is ½ percent of the supplier’s entire output. In New Jersey, it’s 4-5%. Because utilities don’t produce solar energy but must meet these requirements, they buy solar energy from somebody who does produce it (homeowners or a business with solar panels).
The unit that utilities purchase from producers is called an SREC.