Rebates For Solar Panels In Nj

New jersey is the fastest growing market for solar photovoltaics in the united states and one of the largest in terms of installations and installed capacity second only to california.

Rebates for solar panels in nj.

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. 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. 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. There are currently four solar incentives available to homeowners in new jersey.

What solar rebates and incentives are available in new jersey. Nj solar incentives and solar rebates have made going solar in new jersey more affordable than ever and installation costs have dropped over 40 percent in the past five years. 10 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit. In addition to new jersey s solar incentives you ll be eligible for the federal solar tax credit if you buy your own home solar system outright the tax credit can reduce the cost of a solar installation by 30 9 including a solar battery purchase.

When you compare quotes for solar panels on energysage s competitive solar marketplace you can expect to see prices up to 20 lower than working with a single solar company.