New Jersey Solar Incentives and Solar Tax Credits

It’s never been a better time to go solar!

With flexible payment options and tax incentives, you’ll pay next to nothing for your solar system.
And you’ll save hundreds on your energy bill each month.

The Power of the Sun for as Little as $0 Down

The electricity rates in New Jersey are 33% higher compared to other states.
There are several New Jersey solar incentives to help you lease or purchase your solar panels and battery storage system.

New Jersey offers some of the strongest state incentives in the country.

New Jersey homeowners can save with strong state solar incentives, including credits for the clean energy your system produces. Going solar helps cut your electric bill, add value to your home, and lower your carbon footprint.

Renewable Energy Credits
RECs

REC programs are designed to reward New Jersey residents for switching to renewable energy. Here’s an example of how it works: for every 1,000 kWh of solar energy your system produces, you receive 1 REC to use toward shortening the time it takes to pay off the solar installation costs. On average our customers produce 10 recs per year and receive up to $90 per credit. That’s a total of $900 in savings.

Net Metering

With net metering, you receive complete credit for the electricity your panels provide to the grid. As a result, you’ll only be billed for the difference between your electricity consumption and the electricity your panels generate. Depending on your specific energy usage and production, this can result in a zero or even a negative electric bill.Going solar allows you to have a reduced electricity bill and increase the amount of money you save!

Property Tax Exemption

When you install a new solar panel system in your New Jersey residence, you won’t be subject to any extra property taxes on the value that the solar panels contribute to your home. The approximate increase in solar panels added to homes in New Jersey is 9.9% or $32,281 for the median-valued home.

Sales Tax Exemption

When you get a new solar energy system in New Jersey, you won’t have to pay any sales taxes. This means you can save 6.625% on your solar installation because you don’t have to pay that extra tax.

Choose A Plan That Works For You

Whether you choose to lease or purchase your solar system, our team will work hard
to ensure that you have the best looking solar panels and a energy system that
helps you save money for decades to come.

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