There are several steps to save money with clean energy programs NJ. According to recent data, solar pricing in New Jersey has dropped over 30% in the last five years. Therefore, many homeowners are looking to install PV panels on their rooftop. Even with these decreasing prices, a solar system is a significant investment for any homeowner. Without knowing which incentives and rebate programs to apply for, residents might not get all of the cost savings available to them. As a property owner in the market for solar, you need to know how to save money with clean energy programs in New Jersey. This way, you can reduce your installation costs as you switch to ta renewable electric power source. Read on to learn about how to save money with clean energy programs NJ.
Why Choose NJ For Clean Energy Programs?
Before you can start saving money on your solar installation, homeowners need to know why customers are choosing NJ for their clean energy programs. For example, New Jersey is one of the most committed states to a clean energy economy. Indeed, NJ ranks 7th in the nation for the amount of solar systems installed across the state. In addition, the Garden State has committed to 100% sustainable energy use by 2050. Under the Murphy Administration, it became one of only six states in the nation with an energy storage target as well. With unmatched location and infrastructural assets, many commercial companies are also looking to participate in NJ’s clean energy initiative. Plus, the state has many solar energy tax incentives New York State and NJ. Absolutely, clean energy programs in NJ are unmatched for the state’s commitment to sustainability.
Office Of Clean Energy
Next, you can access clean energy programs nJ through the Office of Clean Energy (OCE). This agency administers the New Jersey Clean Energy Program (NJCEP) to promote technologies to save electricity and natural gas. In addition, the OCE offers several initiatives to support clean renewable power sources, such as solar. For example, the Residential New Construction program offers residents who are building energy-efficient homes financial savings for their efficiency. If you comply with Zero Energy guidelines by installing a solar system, you may be eligible for significant cost savings. Indeed, new homeowners with net zero energy consumption can potentially save thousands of dollars in rebates. Certainly, access clean energy programs NJ through the Office of Clean Energy.
Energy Master Plan
In addition, the Energy Master Plan is another clean energy program NJ working to save homeowners money on solar installations. Importantly, the Energy Master Plan outlines key strategies to reach the state’s goal of 100% clean energy by 2050. For example, the NJ Board of Public Utilities (NJBPU) developed an initiative to accelerate renewable energy deployments for when you switch to solar NJ. Notably, this includes developing community solar, successor solar incentives, and solar thermal energy systems. Additionally, this renewable energy strategy involves adopting new market structures to embrace clean energy development and support the economy. Simultaneously, the plan aims to maximize energy efficiency by improving financing mechanisms. Definitely, the Energy Master Plan is a powerful clean energy program NJ working to lower solar costs for homeowners.
Transition Incentive Extension
Moreover, the transition incentive (TI) extension is another clean energy program in NJ allowing homeowners to lower their solar installation costs. In June 2021, the NJBPU granted a 6-month extension for solar projects to transition renewable energy certificates (TRECs) from the power they generate. Typically, a solar electric system earns one TREC for every 1,000 kWh of energy they generate. For residential solar system owners, these are usually worth about $90. Currently, the NJBPU is working to develop a Solar Successor Program to replace TRECs. As the Straw Proposal works to decide the value of the new rebate, you can continue to increase your savings with the Transition Incentive extension. In short, the TI extension is a great way to access more affordable clean energy NJ.
Plan Your Solar Installation
To access these clean energy NJ financial savings, you need to start planning your residential solar panels NJ installation. Ideally, you should partner with a local solar installer. Often, these contracting companies are more familiar with NJ’s clean energy incentives and rebates to guide you through the application process. In addition, the best solar installers are properly licensed and insured to provide a safe solar installation. Of course, you should also look for a solar company who is highly experienced and has a quality customer reputation. Plus, they should install quality equipment, such as LG solar panels and Enphase microinverter systems. Plan your solar installation with a trusted, local solar company to take advantage of clean energy programs in NJ.
There are several steps to save money with clean energy programs NJ. First, you need to understand why you should choose clean energy programs in New Jersey. Next, you can use the Office of Clean Energy’s programs to access renewable energy savings. In addition, the Energy Master Plan offers strategies to accelerate solar energy deployments. Moreover, take advantage of the Transition Incentive extension to lower your reduce your solar electric costs. Furthermore, plan your solar installation with a trusted, local installer to start saving. Consider these point to learn how to save money with clean energy programs NJ.