Commercial Solar Financing in New Jersey
This is where projects either get clearer or get messy. We focus on constraints, assumptions, and the steps needed to move from idea to an approved build.
Years in the Energy and Infrastructure Industry
Client Satisfaction
Projects Completed
Commercial Solar Financing in NJ, built for predictable payback
For commercial solar financing in NJ we deliver cleaner on-site power through site and bill analysis, constraint checks, and production modeling, so savings and timelines stay predictable.
- Lower Energy Costs
- Increase Property Value
- Environmentally Friendly
- Energy Independence
How LandAir Finances Commercial Solar
LandAir systems are financed as conventional commercial loans through New Jersey banks. Your business owns the system from the day it is energized. Every federal and state tax benefit attached to it stays with you rather than a leasing company, and the financing carries the construction cost, so it takes no cash out of pocket to build. We do not use solar lenders and we do not put clients into leases.
Conventional bank financing
Underwritten as a standard commercial business loan by New Jersey banks that already understand this asset class.
No cash out of pocket
The financing carries the project, so your working capital stays in the business instead of going into a solar install.
You own the asset
Ownership sits with your business, which is what keeps the tax credit, the depreciation and the SuSI income with you instead of a third party.
No solar lenders, no leases
Conventional bank debt only, arranged with lenders we have existing relationships with.
How it works
- You owe a federal tax billThat is money leaving the business every year, for good.
- A New Jersey bank finances the systemWe arrange the loan as conventional commercial debt. No money down is required to build.
- Credits and depreciation go to work in Year OneThe 30% federal Investment Tax Credit comes straight off your tax liability, and bonus depreciation writes off the system against taxable income.
- The system pays down the loanElectricity savings and 15 years of SuSI payments, the New Jersey program that pays you for the electricity your system produces, service the debt.
- You own it free and clearOnce the loan is retired, the asset is yours outright.
- It keeps paying youDecades of production on a roof you already own, at an energy cost that is locked in.
The financing desk behind the program
Financing is handled inside LandAir. Paul and Jay of Odyssey are our senior financing directors, and they structure every deal with the bank before a client commits to anything.
That matters because financing, engineering and construction sit inside one team. The loan, the build schedule and the tax position get planned together, not handed between three separate companies.
Why ownership is the whole point
Power purchase agreements and leases exist in this market, and under both of them a third party owns the system and takes the tax benefits with it. You buy power, or you make a monthly payment, and at the end you own nothing.
The LandAir program is built the other way around. Your business owns the asset, claims the credit and the depreciation directly, earns the state production income, and carries the added property value. For a business with a real federal tax bill, that is the financial advantage of this program.
The incentives that make the math work
Federal
- 30% Investment Tax Credit, plus adders for domestic content and energy communities. For projects beginning construction after July 4, 2026, the system must be placed in service by December 31, 2027 to qualify. Systems under 1 MW receive the full 30% rate automatically.
- 100% bonus depreciation, permanent under current federal law, with no scheduled phase-down. New Jersey has decoupled from it, so the state deduction is recovered over the regular schedule instead.
New Jersey
- SuSI ADI program: quarterly payments for the electricity your system produces, for 15 years. Net metered commercial systems under 1 MW on a rooftop, carport or canopy currently receive $110 per MWh, and public entities receive $130 per MWh.
- Sales tax exemption: solar equipment is fully exempt.
- Property tax exemption: no assessment on the value the system adds.
- MACRS depreciation at the state level, since New Jersey does not follow the federal bonus rules.
What Year One can look like
Illustrative figures for a pass-through owner, meaning an S corporation, LLC or partnership, taxed at a 35% marginal federal rate, with the depreciable basis reduced by half the credit as the tax code requires. A C corporation pays federal tax at 21% and would see a smaller depreciation benefit on the same system. Your accountant confirms the real numbers for your entity before anything is signed.
| System cost | 30% federal ITC | Year One depreciation benefit | Combined Year One value |
|---|---|---|---|
| $150,000 | $45,000 | about $44,600 | about $89,600 |
| $250,000 | $75,000 | about $74,400 | about $149,400 |
| $400,000 | $120,000 | about $119,000 | about $239,000 |
| $500,000 | $150,000 | about $148,800 | about $298,800 |
Domestic content and energy community adders can raise the credit above 30% where a project qualifies. New Jersey SuSI income and MACRS depreciation sit on top of everything in this table and continue for years afterward.
What we need to arrange the financing
- Twelve months of electric bills for the building
- The property address, and roof access for the site visit
- How the property is owned, and which entity would hold the loan
- Recent business financials for the bank's underwriting file
- Your accountant's contact details, so we model the tax position with the person who files your return
Financing questions
Do I need to put money down?
No. The program is built so the financing covers the project and your capital stays in the business.
Is this a solar loan or a lease?
Neither. It is a conventional commercial loan from a New Jersey bank, underwritten the way that bank underwrites any other business borrowing. You own the equipment.
Who actually lends the money?
A New Jersey commercial bank. We work with lenders who have already financed these systems and understand how the credit, the depreciation and the production income affect the file. Paul and Jay place each deal with the bank that fits it.
What if my organization does not pay federal tax?
Schools, municipalities, houses of worship and nonprofits can use the Direct Pay provisions, which turn the Investment Tax Credit into a cash payment from the federal government rather than a credit against a tax bill. We model that route the same way.
How does the loan compare to what I pay the utility now?
That is the number we build for you. We take your bills, size the system against your roof and your load, and show the loan payment next to the electricity savings and the SuSI income, year by year, with the assumptions written on the page.
Commercial Solar Financing NJ: what we confirm before the bank sees the file
- Electric bill review and usage pattern check
- Roof and site constraint review including access and safety
- Preliminary layout and sizing assumptions you can validate
- Early notes on permitting and interconnection requirements
- Clear next steps for design, pricing, and timelines
Incentives for commercial solar financing, New Jersey
What we typically review (eligibility and amounts vary):
Cost coverage:
Some projects see 40–60% offset after stacking programs; eligibility and timing vary.
Tax credits:
Federal credits may reduce net cost; we help document requirements for your accountant.
NJ incentives:
Production-based programs can add ongoing value tied to energy output; availability depends on program status.
Payback modeling:
We run conservative ROI scenarios using your rates, available area, and load profile.
Our Process
Step 1: Share your bill and site details
Step 2: Design, incentives, and approvals plan
Step 3: Build, turn-on, and reporting
What’s Included in Solar Financing
Bank financing arranged for you
We package the project for a New Jersey commercial bank and place it with the lender that fits the file. Our financing directors handle the underwriting conversation so you are not shopping the deal yourself.
Ownership and tax position modeling
Full ownership model covering the 30% federal ITC, 100% bonus depreciation, MACRS and 15 years of SuSI production revenue, sized against what your entity can actually use.
CPA-coordinated tax modeling
We work directly with your accountant to model the impact for a C-corp, S-corp, LLC or partnership before anything is committed.
Loan payment set against savings, year by year
One document showing the loan payment next to electricity savings and SuSI income across 10, 15 and 25 year horizons, including sensitivity to utility rate changes.
Financing timeline integration
How the loan affects engineering, construction and the Permission to Operate date. Bank underwriting steps mapped against the project schedule.
Direct Pay for tax-exempt owners
Schools, municipalities, houses of worship and nonprofits can take the Investment Tax Credit as a cash payment rather than a credit. We model and document that route.
Industries We Commonly Support
Warehouses & distribution
Manufacturing
Cold storage & food processing
Retail & shopping centers
Offices & commercial real estate
Healthcare and medical facilities
Service Areas
We support commercial solar projects across New Jersey, with a strong presence in South Jersey.
Get Help With Solar Financing
Tell us what you’re trying to accomplish and what constraints you’re working around. We’ll outline feasible options and a clear path to approvals.
Frequently Asked Questions
How do I pay for a commercial solar system?
Through a conventional commercial loan from a New Jersey bank, arranged by LandAir. No cash out of pocket is required to build, and your business owns the system.
Do you use solar lenders or leases?
No. LandAir finances projects as ordinary commercial bank debt. Leases and power purchase agreements leave a third party owning the system and holding the tax benefits, which is the opposite of what this program is for.
What is the federal tax credit worth, and when does it expire?
The Investment Tax Credit is 30% of eligible system cost, taken directly against federal tax liability, with a placed in service deadline of December 31, 2027. Bonus depreciation at 100% is permanent under current federal law and has no deadline.
Can a tax-exempt nonprofit or school still benefit?
Yes. Direct Pay provisions let tax-exempt owners receive the Investment Tax Credit as a cash payment from the federal government instead of a credit against a tax bill.
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LandAir Energy · 2050 Fairfax Avenue, Cherry Hill, NJ · 856-702-3721
Last updated: May 13, 2026
