New Jersey Solar Incentives 2017 and NJ Solar Incentives 2018 


NJ SOLAR INCENTIVES 2017 

Is solar worth it in NJ? An incentive is something that excites or tends to incite to action or greater effort, as a reward offered for increased productivity. When you know a solar energy, system will pay for itself over time, its nice to cut down on costs up front. That’s why solar incentives and rebates are essential. If you are New Jersey’s resident, you are one of the luckier people when it comes to solar incentives and rebates. This is the guide for you if looking for solar incentives in NJ and NJ solar incentives 2018.


Solar rebates are any discount given on any solar purchase and installation. Generally, these rebates come from the companies that provide utilities yet they are not producing sufficient amounts of state-mandated renewable energy. These companies do this as their way of avoiding costly fees because assisting homeowners with solar installation actually cost less. Solar payments can be made by the homeowners after installation in whole or come in the form of rebate, reducing the initial out-of-pocket cost of going solar.

The following are New Jersey solar incentives 2017 and NJ solar incentives 2018 guidelines:

The New Jersey Clean Energy Residential New Construction Program 

This program benefits individuals who are planning to build new homes or have started constructing a new home and plan on powering it with renewable energy. The New Jersey clean energy residential new construction program uses the standards set in place by New Jersey energy star and offers, an incentive for those building new homes, rebates for installation of renewable energy as a part of the new home.  If your home meets or exceeds those standards you could literally get thousands back through a rebate courtesy of this thrilling program.

Solar Renewable Energy Credits (SRECs)

This is another way that New Jersey helps homeowners save on solar. SRECs are available when you purchase your system, and this can get complicated fast. That’s why Sunrun is here to make your life easier with their solar lease. They hold the SRECs and pass the savings onto you with a small monthly bill that pays for the power, not the panels. You get all the perks of going solar without the risk of ownership.

New Jersey Solar Incentives 2018

New jersey has been a leader in renewable energy. As of early 2018, every mega-watt your solar installation generates earns you a special certificate called an SREC, which can be sold. New Jersey waives sales tax for solar panels, reduces property tax, provide rebates and offers production incentives to commercial and residential properties that purchases renewable energy systems. The financial incentives range from $100 to thousands, depending on the system and the program.

Is Solar Worth it in NJ? 

Solar is worth it in new jersey. The following are reasons why solar is vital in new jersey:

  • Apart from generating electricity and lowering your electric bill, solar panels will pump out state renewable energy certificates (SRECs) which will earn you some payments.
  • Solar Rebates in NJ state for homeowners. 
  • Thirty percent federal tax- a big bonus tax credit given for putting solar panels up on your roof in new jersey. 
  • The electricity savings and the environment which comes with solar installation.
  • Awesome solar loan program given to PSE&G customers to finance solar system. This will be repaid by state renewable energy certificates payments.

As you can see, it is worth to have a solar power panels NJ. 

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