New Jersey, is one of the top states to be adopting solar power, although not abundant in sunshine they are making solar power work. You can get solar panels for free here with a power purchase agreement. Or if you decide to purchase outright with a loan you’re still coming out ahead with all the incentive that New Jersey has to offer. Either way you will reduce your monthly payments and start saving money over your current electrical bill.
In the future when you’ve paid off your solar panels think about that, you won’t just be lowering your monthly payment after about 8 years you cam now start pocketing that money that you was your loan payment and start making money.
New Jersey has a number of incentives working for it, but just like in most states there is a standard that is at the heart of pushing clean energy.
New Jersey has set forth a plan to have 22.5% of all it’s energy production coming from renewable energy sources by 2021, Just 6 years away. I suspect that once mandates like these are met you will that solar power will no longer need any kind of outside help to be rooted as a viable energy solution for the future.
Solar Power Companies in New Jersey
$0 Down Solar Leasing is Available!
SunRun and SolarCity do operate in New Jersey.
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New Jersey AT A GLANCE
Electricity use in New Jersey
$108.10 This is the average residential electric bill in New Jersey.
$2.10 This is the amount New Jersey pays below the national average.
$15.73 This is the average cost of electricity in New Jersey.
$3.61 This is how much New Jersey is above the national average cost for electricity.
Sunshine in New Jersey
56% of all days are sunny in New Jersey.
26% of all sunny days that do not have clouds.
15:15 this is the longest day in New Jersey.
9:05 this is the shortest day of the year for New Jersey
Solar power incentives in New Jersey
Does New Jersey have a RPS?
YES, New Jersey has a renewable portfolio standard set in place.
Does New Jersey participate in the SREC market?
YES, New Jersey does have a SCREC market place.
Does New Jersey allow trading into other SCREC markets?
YES, New Jersey does allow trading into other SCREC markets.
Does New Jersey offer a state tax credit for solar power?
YES, New Jersey has a tax credit for going with solar power.
Is there a state sales tax exemption in New Jersey for solar power?
YES, New Jersey has a sales tax exemption for solar power s system.
Does New Jersey offer a property tax exemption for solar energy?
YES, New Jersey does have a property tax exemption for solar power systems.
Does New Jersey offer a Feed-in Tariff?
NO, like most places in the US New Jersey does not offer any type of Feed-in Tariff.
Does New Jersey offer Net Metering?
YES, in New Jersey there is the option for Net Metering.
FEDERAL GOVERNMENT SOLAR POWER INCENTIVES
Again as in all 50 states there is the 30% federal tax credit.
Are there additional renewable energy incentives New Jersey?
YES, there are a number of other solar power and renewable energy incentives in New Jersey, you can find out more at dsireusa.org
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