Crius Solar Becomes Licensed in New Jersey

Last year, New Jersey ranked fourth nationally for solar energy, with 1,839 MW of installed solar capacity. And now, a recently licensed, full-service solar energy company is giving its New Jersey neighbors a new way to lower their energy costs and help the environment.

Crius Solar, LLC, a wholly owned subsidiary of Crius Energy Corporation, announced that its solar energy business has achieved a new milestone, securing licenses in New Jersey, Connecticut and the Commonwealth of Massachusetts. The licenses affirm Crius Solar’s commitment to the safe and quality installation of solar PV systems in collaboration with local licensed electricians, and other non-electrical building professionals as needed. In addition, with better control over customer wait times for solar energy installations, Crius Solar plans to improve the overall level of solar energy service provided to New Jersey homeowners.

“Crius Solar is honored to formally become a part of New Jersey’s full-service solar energy community,” explained Christian McArthur, Executive Vice President. “Recent enhancements to our solar capabilities will help the Crius Solar team expertly manage a customer from interest through to installation, delivering a superior, worry-free solar experience that helps the environment and our customers’ energy budgets.”

In addition to solar energy system installations, Crius Solar will offer customers in New Jersey an exclusive, low rate on 100% green energy supply through its sister brand, Better Business Bureau A+-rated Everyday Energy. Designed to deliver value to Crius Solar customers before panels are even on the roof, the innovative ConnectNow electricity product bridges homeowners to the time when they will be generating their own clean, affordable energy.

“We’re thrilled that one of the three states to reach 1 GW of installed solar capacity is also where Crius Solar begins to turn our vision of providing a better solar experience into reality,” McArthur noted. “As one of the few full-service solar energy providers integrated with a leading retail energy supplier, Crius Solar is uniquely positioned to raise the bar on going solar in New Jersey. We look forward to serving residents of The Garden State for decades to come.”

A key driver of sustained solar demand in New Jersey is the full sales tax exemption offered on all solar equipment. This exemption eliminates the state's normal 7 percent sales tax and reduces the effective cost of solar equipment in New Jersey. This state incentive is in addition to the recently extended solar Investment Tax Credit (ITC) provided by the U.S. federal government. The ITC currently allows homeowners to subtract up to 30% of the amount spent on a solar energy system from their tax bill, thus effectively reducing the overall amount paid. New Jersey residents also benefit from some of the nation’s best solar policies including net metering, where solar homeowners receive bill credits for their solar electricity, a statewide solar renewable portfolio standard and accompanying solar Renewable Energy Credit (SREC) market.

Crius Solar’s parent company, Crius Energy, recently announced two transactions designed to expand and rapidly transform its solar energy business. The Company acquired a proprietary residential solar technology platform, customer lead databases, marketing materials and human capital from SunEdison in September 2016 and is set to acquire certain residential solar installation assets from Verengo Solar. Once complete, the Company's solar business will transition from a solar product reseller to a fully integrated solar company with the technology, team, expertise, and a track record of more than 20,000 residential solar installations dating back to 2008. Crius Solar plans to leverage these enhancements, as well as innovative bundled products from Crius, to provide additional customer value and claim marketshare in the fast-growing solar energy industry.