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New Jersey’s Authority on Solar Energy (732) 269-0308

Take Advantage of these Generous Solar Incentives

New Jersey offers a number of incentives to homeowners and businesses looking to install a solar system. These incentives can help you save money on the cost of your solar installation and can also provide additional benefits, such as increased home value and reduced energy bills.

Federal Solar Incentives

One of the most significant incentives available in New Jersey is the federal solar tax credit. This credit provides a 30% tax credit for the cost of installing solar panels. For example, if you install a solar system that costs $20,000, you can claim a tax credit of $6,000 on your federal taxes.

State Solar Incentives

The New Jersey Sustainable Energy Utility Incentive (SEUI) program also provides financial assistance to homeowners and businesses that install solar panels. The amount of the incentive depends on the size of the solar system and the location of the property.

In addition to these incentives, New Jersey homeowners are exempt from property taxes on the value of their solar panels. This can save homeowners hundreds or even thousands of dollars each year. New Jersey residents are also exempt from sales tax on the purchase of solar panels. This can save homeowners hundreds of dollars on the cost of their solar installation.

Solar Renewable Energy Credits

Another important incentive is the New Jersey Solar Renewable Energy Certificate (SREC) program. This program rewards solar generators for the clean energy they produce. SRECs can be sold to utilities or other entities that are required to meet renewable energy goals. The value of SRECs varies depending on the market, but they can provide significant additional income for solar owners.

These are just a few of the incentives that are available to New Jersey homeowners and businesses that install solar panels. With these incentives, going solar can be a great way to save money and reduce your environmental impact.

If you are considering going solar in New Jersey, be sure to contact us to learn more about the benefits that are available to you!

Contact Us Today

NJ Solar has been the Solar Power Professionals for over 20 years! Today, the state of New Jersey is a national leader in solar energy, but it wasn’t always that way. New Jersey Solar Power LLC has been there since the beginning of the solar energy revolution in NJ.

With awards for Environmental Excellence and the New Jersey Clean Energy Project of the Year, we’ve built a reputation worthy of being your partner in clean, efficient solar energy. Contact us today to get free customized pricing that’s tailored to your home or business.