Sax Macy Fromm's Renewable Energy Advisory Group was both a sponsor and presenter at New Jersey NAIOP's Solar and Renewable Energy seminar held on October 13, 2010. The keynote speaker for the event was Assemblyman Upendra Chivukula, Chairman of the Assembly Telecommunications and Utilities Committee. The assemblyman as one of the architects of New Jersey's Energy Master Plan provided a perspective on the legislative initiatives that impact energy policy and specifically renewable energy in New Jersey. Assemblyman Chivukula fielded question from the engaged audience.
The session continued with three panels presenting important issues in the involving area of renewable energy.
The first panel discussed choosing the right solar system, whether to purchase the solar system or enter into a power purchase agreement, expected return on investment and provided a case study from a developer’s perspective.
The next panel covered the business aspects of a renewable energy. George Livanos, Director of SMF's Renewable Energy Advisory Group was a member of this panel. They discussed the important Federal & New Jersey tax incentives including, Federal depreciation, Federal tax credits, solar renewable energy certificates (“SRECs”) and the various ways to structure a solar energy project. The all important topic of financing opportunities was covered as well.
The program concluded with a panel discussion regarding critical considerations, including net metering, roof and structural considerations including warranties and insurance.
New Jersey is one of the leading states in the renewable energy arena. The landscape has become very populated with a number of organizations offering solutions to a highly changing and complex area.
Sax Macy Fromm's Renewable Energy Advisory Group is available to assist businesses through the myriad of alternatives available through this ever changing landscape. Our group represents solar integrators, owner/developers, tenants and investors. To date our renewable advisory group has assisted businesses, not-for-profits, municipalities and investors in structuring, financing and securing the Federal and New Jersey incentives associated with their renewable energy projects.