Zero Down Solar in New Jersey
New Jersey has become a leader in solar energy, with a growing number of homes and businesses adopting solar power. The state offers a variety of incentives for those who choose to install solar panels, including tax credits and rebates. In addition, there are numerous financing options available that make it easier than ever to switch to solar.
One of the key reasons why solar energy is so popular in New Jersey is the state’s strong commitment to renewable energy. New Jersey has set ambitious goals for reducing greenhouse gas emissions and increasing the use of renewable energy sources like solar. As a result, the state has become a hub for innovation in the solar industry, with many companies working to develop new technologies and improve the efficiency of solar panels.
With the rate of return like this, plus amazing incentives, makes going solar in the Garden State a no-brainer!
Powering the Future with Clean Energy
Pros and cons of installing solar panels in New Jersey?
The advantages of installing solar panels in New Jersey are that there are both state-based incentives and the federal tax credit to help reduce system costs. In addition, much like everything else in New Jersey, power is expensive! High electric rates means you have the potential to save more money, making the overall return on investment for residential solar panels in the state much higher than other states in the nation.
The disadvantage of installing solar panels in New Jersey is that there is less overall solar irradiation. This means a system in New Jersey will produce less power than a system in sunnier states, like Florida. However, the state and local incentives more than make up for this. New Jersey homeowners should not pass up the opportunity to install solar while these amazing incentives are still in place.
Find out all the ways solar energy is affordable for New Jersey homeowners with zero down financing and state incentives.
Schedule a free consultation with one of our solar experts and learn how to trade your energy bill for solar. Fill out the form below to set up an appointment.
Why Choose The New Jersey Solar Program?
- Eco-friendly: Reduce your carbon footprint and contribute to a sustainable future.
- Savings: Lower your energy bills and take advantage of government incentives.
- Reliable: Trust in our top-quality solar panels and expert installation.
- Local Support: We provide dedicated customer service and maintenance.
- Long-term Investment: Increase your home’s value and enjoy long-term energy savings.
How It Works
- Free Consultation: Our experts assess your home and energy needs.
- Custom Design: We create a personalized solar solution for your property.
- Professional Installation: Our skilled technicians install your solar panels.
- Activate & Save: Get permission to operate and start generating clean energy.
- Enjoy the savings.
Solar Incentives and Programs in New Jersey
Incentive: Federal Tax Credit
Solar Renewable Energy Credits New Jersey’s renewable portfolio standard is one of the most aggressive in the US, requiring electric utilities to derive 50% of the electricity they sell from renewable energy resources by 2030. In addition to that, New Jersey has a solar carve out which states that by 2028, 4.1% of electricity sales must be exclusively from solar.
Incentive: Net metering
The Garden State requires all utility companies that are regulated by the New Jersey Board of Public Utilities to offer their customers net metering (). What that means is, when your solar system produces more energy than you use, you will receive the full retail rate for each kilowatt hour (kWh) of excess energy.
New Jersey offers two types of tax exemptions: a sales tax exemption and a property tax exemption.
Incentive: solar energy sales tax exempt
The solar energy sales tax exemption allows solar energy equipment to be fully exempt from the state’s 7% sales tax.
Incentive: Successor Solar Incentive Program (SuSI)
The property tax exemption for renewable energy systems serves to exclude the assessed costs associated with a solar system from a homeowner’s property taxes.
Contact us now to schedule your free consultation and discover how solar energy can benefit you.
The Future of Solar Energy in New Jersey
As New Jersey continues to promote and support the growth of solar energy, the future looks bright for the industry. The state’s commitment to clean energy and its implementation of policies and programs to support solar energy will likely lead to continued growth and development.
Advances in technology and increased collaboration between the public and private sectors will also contribute to the expansion of solar energy in New Jersey, bringing with it significant environmental and economic benefits.