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                                          Solar
                                               News
                                                                                       Volume 1; Issue 2   *   Newsletter Date: August 2010
        In This Issue:
           Does your solar system installation void your roof warranty?

           Federal Solar Energy Incentives—FAQ’s

           Solar Today—Residential Installations Pick Up



      State Rebate Funds still available, if you act now!
      On June 21, 2010, the Board of Public Utilities issued an Order detailing the new rebate amounts (up to $5265 for residents) and
      eligibility requirements for the Renewable Energy Incentive Program (REIP) funding cycle 3, which opens on Wednesday, Septem-
      ber 1, 2010. Contact us today to find out how you can still benefit from the state incentives!


How To Buy A Solar System That Will Not Jeopardize Your Roof Warranty
Looks can be deceiving. This no-        long term economic benefits prom-       > Do you use a flashing for each  Unfortunately, there is added
tion holds true for auto -mobiles,      ised by a low bid installer that cuts   roof penetration? If not, please  cost for doing an installation
appliances, as well as, and most        corners and causes water damage         explain why?                      the right way. The good news
certainly the installation of a new     in your home.                           >Are you willing to back up your  is that it is far less expensive
solar system. Unfortunately, most       So, if you are considering purchas-     installation for 10 years?        than fixing the outcome of a
of us have found out the hard way       ing a PV Solar system for your                                            poorly installed system. If all
that not everyone we work with          home here is what we suggest you        Make sure you ask to see their else is forgotten, please ask;
has our best interest in mind. The      ask before you sign a contract;         answers in writing. Any good      “Does the installation void the
challenge to insure you are getting     > What type racking system do you       installer will show you what they warranty of my roof? May I
what you need is in knowing the         use?                                    are doing right from the manu- see this in writing…..from the
right questions to ask to make          >What is the span between roof          facturer’s manual.                roofing manufacturer please”.
sure you are getting what is best       penetrations? What is recom-
suited to also insure the integrity     mended by the manufacturer?
of your home.                           >What is the span between roof
If by chance a solar installer takes    penetrations? What is recom-                                                  [Roof Flashings]
advantage of your enthusiasm            mended by the manufacturer?
and provides you with an installa-      >What size bolt do you use? What
tion that meets minimum stan-           does the manufacturer recom-
dards, but voids the warranty of        mend?
your roof there will be little satis-   >What type of bracket do you use
faction. A poorly designed and          to secure the rack to the roof?
installed system will rob you of the
Page 2


Federal Solar Energy Incentives
Frequently-Asked Questions           claims the gross amount paid         The cost of labor to install solar   3. Is there a standard tax
                                     for solar equipment as his “tax      equipment goes into the “basis”      form for claiming the 30%
The following frequently-asked
                                     basis” in the equipment for          for calculating the credit. How-     credit?
questions are an excerpt from
                                     purposes of calculating the          ever, only labor tied to eligible
SEIA’s Guide to Federal Incen-                                                                                 If so, where can I find it? The
                                     commercial solar tax credit or       solar equipment goes into the
tives for Solar Energy version                                                                                 commercial credit is claimed on
                                     Treasury cash grant.                 basis. Thus, for example, if part
3.0, released May 21, 2009.                                                                                    IRS Form 3468. The residential
                                                                          of the labor is for replacing a
                               Grants from state or local gov-                                                 credit is claimed on IRS Form
1. If I receive a rebate for my                                           roof under the solar panels,
                               ernments must ordinarily be                                                     5695. Tax forms can be found at
system from my state or                                                   that part would not count.
                               reported as taxable income and                                                  www.irs.gov.
local government, does that
                               do not reduce the tax basis for
reduce the basis on which I
                               calculating the 30% tax credit
can claim the federal 30%
                               for the equipment whose pur-
ITC?
                               chase price is pain in part with
A rebate received in a commer- the grant.
cial context must usually be   2. Does the 30% credit cover
reported as taxable income by the cost of installation labor?
the recipient. A recipient who
must report a rebate as income


Solar Today – “Residential Installations Pick Up”
In 2009, annual grid-connected        stalled PV in 2009, a 76% in-         The drop in the 2008 market            The non-residential sector,
PV installations in the United        crease over the number of             share for residential installa-        which includes sites such as
States grew by 40% to 435             installations in 2008.                tions was due in part to               government building, retail
megawatts DC. The increase                                                  changes in the federal invest-         stores and military installa-
                                      Residential installations were
brought cumulative installed                                                ment tax credit (ITC). In Octo-        tions, experienced no growth in
                                      responsible for a significant
grid-connected capacity to 1.25                                             ber 2008, the residential ITC          capacity installed in 2009 com-
                                      portion of that growth (see
gigawatts DC. Although those                                                was renewed and the $2,000             pared with 2008 installations.
                                      chart). Residential installations
numbers are strong, the an-                                                 cap was removed for residen-           This was a dramatic change
                                      accounted for 36% of all the
nual growth rate was signifi-                                               tial installations beginning in        from the past several years,
                                      capacity of new grid-connected
cantly less than the 61% and                                                January 2009. This caused              when the non-residential sec-
                                      PV systems installed in 2009.
84% growth experienced in                                                   some homeowners in the final           tor had the largest growth
                                      The sector’s market share last
2007 and 2008, respectively.                                                quarter of 2008 to delay new           rates.
                                      year was significantly higher
Still the capacity of PV installed                                          installations until 2009 in or-
                                      than the 27% market share it                                                 A number of factors led to flat
in the United States last year                                              der to receive a larger federal
                                      commanded in 2008 and more                                                   growth in non-residential in-
was four times the annual                                                   tax credit, decreasing the num-
                                      in line with its market share                                                stallations. First, for most of
amount installed during 2006.                                               ber of residential installations
                                      from 2005 to 2007.                                                           2008, the future of the resi-
More than 33,000 sites in-                                                  in 2008.
                                                                                                                           Page 3
Solar Today (Continued)
dential and commercial ITC          and federal stimulus funds
was uncertain. Customers            began to flow. Although this
rushed to install in the last       improvement came too late for
quarter of 2008, resulting in       2009 installations, it will result
fewer orders for installation in    in growth in the non-residential
2009. When the ITC was finally      sector in 2010.
renewed in October 2008, the
                                    Utility installations, defined
economy soured and credit
                                    here as installations for bulk
markets froze. Obtaining or-
                                    power on the utility’s side of
ders and financing for new
                                    the meter, tripled in 2009 and
projects was very difficult in
                                    made up 15% of the capacity of
this environment. Then, in Feb-
                                    the grid-connected PV systems
ruary 2009, Congress passed
                                    installed in 2009. A 25-
stimulus legislation, which in-
                                    megawatt AC installation in
cluded the provision for cash
                                    Florida and a 21-megawatt AC
grants instead of tax credits.
However, the rules for this         installation in California were
program were not published          the largest PV systems in-
until July 2009, further slowing    stalled in 2009 and the largest
orders. In the last half of 2009,   installations ever in the United
federal incentive rules were        States.
clear, credit markets improved


Follow The SREC Values This Energy Year!

                                              2011 SREC Settlement
                                               (Energy Year 2011: June2010 - Mary2011)

                       $645.00
                       $640.00
                       $635.00
                       $630.00
                       $625.00
                       $620.00
                       $615.00                                                                           SREC Prices
                       $610.00
                       $605.00




                                                                                   Information provided by FlettExchange
4BestSolar is a Solar Energy specialist and a
complete design/build expert. Our owners have a
combined 60 years of operational, general
contracting and environmental services
management experience. We currently service all
of New Jersey from our Robbinsville, NJ office.


Our mission is to be the highest quality solar
energy specialist in the region. We will achieve
this by applying strict design discipline and
outstanding workmanship to all of our customer’s
projects. We take pride in our thorough customer
education on the best technology, financial
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                                                         P.O. Box 10478
                                                       Trenton, NJ 08650

                                                      Phone: 609-357-0400
                                                       Fax: 609-223-2474
                                                   E-mail: info@4bestsolar.com


                                                   www.4BestSolar.com

				
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