This program is coming to a close very soon.
Nj solar incentives 2016.
Because of the unique nature of new jersey solar incentives the average solar owner here can save more than 36 000 over the next 25 years.
New jersey s clean energy program is a statewide program that offers financial incentives programs and services for new jersey residents business owners and local governments to help them save energy money and the environment.
New jersey is one of the fastest growing market for solar photovoltaics in the united states and one of the largest in terms of installations and installed capacity in distributed customer sited applications.
New jersey solar panel tax credits.
2016 or until the funds are exhausted.
Save money while saving the planet.
Renewable energy credits recs.
The chart above shows the 25 year returns for an investment in an average sized new jersey solar system whether you choose to purchase a system with cash or pay over time with a solar loan or ppa.
On top of these revenue streams new jersey has also granted residential solar a couple tax breaks to help keep the costs down.
In 2018 new jersey was the seventh largest producer of solar energy and almost 75 percent of all its renewable energy production came from solar.
Please check njcep for more information and availability of funds.
The new jersey clean energy program will help you recover the costs of installation over the life of the system.
Solar energy systems are sales tax exempt.
When you purchase your home solar system you will be 100 percent exempt from any sales tax due to the pv energy sales tax exemption.
A quick background of solar incentives in new jersey.
This program registers solar projects in order to earn solar renewable energy certificates srecs.
This requires a set portion of this renewable electricity to come.
10 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit.
Much of this success is due to new jersey s solar financing model which relies on high renewable energy standards and the use of srecs.
That means you ll.
New jersey solar panel incentives include.
This is a performance based incentive.
Solar sales tax exemption.
The new jersey comfort partners program is a free of charge direct installation energy efficiency assistance program available to most new jersey households with significant energy usage and an income at or below 225 of the federal poverty guidelines.
Many states have an rps but new jersey is among the few that also has a solar carve out.
New jersey helps residents and business owners get started with solar energy while minimizing investment and optimizing cost saving incentives.
New jersey solar rebates and incentives.
