Nj Solar Incentives 2016

The chart above shows the 25 year returns for an investment in an average sized new jersey solar system whether you choose to purchase a system with cash or pay over time with a solar loan or ppa.

Nj solar incentives 2016. The new jersey comfort partners program is a free of charge direct installation energy efficiency assistance program available to most new jersey households with significant energy usage and an income at or below 225 of the federal poverty guidelines. When you purchase your home solar system you will be 100 percent exempt from any sales tax due to the pv energy sales tax exemption. Much of this success is due to new jersey s solar financing model which relies on high renewable energy standards and the use of srecs. New jersey solar rebates and incentives.

Solar energy systems are sales tax exempt. New jersey solar panel incentives include. That means you ll. Renewable energy credits recs.

Because of the unique nature of new jersey solar incentives the average solar owner here can save more than 36 000 over the next 25 years. This program is coming to a close very soon. New jersey is one of the fastest growing market for solar photovoltaics in the united states and one of the largest in terms of installations and installed capacity in distributed customer sited applications. This is a performance based incentive.

The new jersey clean energy program will help you recover the costs of installation over the life of the system. New jersey solar panel tax credits. On top of these revenue streams new jersey has also granted residential solar a couple tax breaks to help keep the costs down. 10 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit.