New Jersey bill offers tax credit for retrofitting warehouses with solar-ready zones and installing solar panels.

New Jersey A1866 provides a tax credit for retrofitting existing warehouses with solar-ready zones and installing solar panels. The credit is available to taxpayers who retrofit warehouses of at least 100,000 square feet. The tax credit is limited to 50% of the retrofit cost or $250,000, whichever is less, and can be claimed for up to eight warehouses per taxpayer per privilege period. The bill also caps the total tax credits at $25 million. The director must certify eligibility based on warehouse size and solar panel installation.

New Jersey bill offers tax credit for retrofitting warehouses with solar-ready zones and installing solar panels.

New Jersey A1866 provides a tax credit for retrofitting existing warehouses with solar-ready zones and installing solar panels. The credit is available to taxpayers who retrofit warehouses of at least 100,000 square feet. The tax credit is limited to 50% of the retrofit cost or $250,000, whichever is less, and can be claimed for up to eight warehouses per taxpayer per privilege period. The bill also caps the total tax credits at $25 million. The director must certify eligibility based on warehouse size and solar panel installation.