New Jersey has a rich history of growing solar markets and a strong community program. It also has an emphasis on electrifying its transportation sector. The state ranks amongst the top ten states for solar power. A state-wide incentive program was recently approved by the state that will bring almost 3.8 GW of solar capacity to the state by 2020. However, delays in the implementation of the program have been caused by concerns about construction and interconnection.
Solar energy in New Jersey
It's not unusual to be considering solar energy for New Jersey. Solar energy has more benefits than just financial. It reduces dependence on fossil fuels, decreases pollution, and reduces carbon emissions. Going solar can also make it easier to be more independent with your energy use. This is great news for the environment, and is particularly beneficial for people who are environmentally conscious.
New Jersey: Solar panels cost
The price of solar panels in New Jersey depends on what type of panel you choose and how much you use each year. Consider any incentives available in your state. To find out the exact costs of solar panels, request a free solar savings estimate.
New Jersey Solar energy benefits tax
In New Jersey, there are many tax benefits to installing solar power on your property. The credits you generate from this renewable energy source can be resold by your local utility company. New Jersey has an extensive renewable portfolio standard program (RPS), that requires utilities to use more renewable power. These resources include wind and solar energy, as well as biomass and geothermal. These credits will help you to pay less for your electricity bills and also provide additional income.
New Jersey has renewable energy certificates (SRECs).
In New Jersey, renewable energy sources can be either solar, wind, hydro, or fuel cells powered by renewable fuels. A biomass facility that uses sustainable harvesting methods can also be eligible. An installation must have three megawatts or more to qualify.
Community solar projects in New Jersey
New Jersey community-based solar projects are an excellent way to reduce your energy consumption and get clean energy. Community solar projects can be installed remotely and are not required to be installed on homeowners' property. Instead, residents subscribe to a subscriber group that will sell them electricity from the community's solar projects. Residents will receive a 15% to 20% discount in their energy bills.
New Jersey offers incentives to solar energy from the state
Solar energy is a clean and renewable energy source which can help you lower your monthly energy bill. In New Jersey, you can take advantage of four different incentives for installing solar panels on your home. The first is the investment tax credit. This allows you to write off as much as 30% of the installation cost. There is also the solar renewable power certificate program which offers a competitive rate for larger systems.