Nj Solar Incentives 2017

New jersey residents who are municipal electric oil or propane customers are eligible to participate in and receive incentives from certain programs.

Nj solar incentives 2017.

Please check njcep for more information and availability of funds. This is a performance based incentive. New jersey solar panel tax credits. This program registers solar projects in order to earn solar renewable energy certificates srecs.

Nj solar incentives and solar rebates have made going solar in new jersey more affordable than ever and installation costs have dropped over 40 percent in the past five years. In 2017 the new jersey department of environmental protection s njdep bureau of climate change and clean energy released a solar siting analysis update available here this analysis identifies sites where the department would encourage solar installations from those where the department would discourage solar installations based on their land use and characteristics. This program is coming to a close very soon. On top of these revenue streams new jersey has also granted residential solar a couple tax breaks to help keep the costs down.

In 2017 the new jersey department of environmental protection s njdep bureau of climate change and clean energy released a solar siting analysis ssa update. Solar energy systems are sales tax exempt. Federal solar tax credit in addition to new jersey s solar incentives you ll be eligible for the federal solar tax credit if you buy your own home solar system outright the tax credit can reduce the cost of a solar installation by 30 9 including a solar battery purchase. Solar sales tax exemption.

The new jersey clean energy program will help you recover the costs of installation over the life of the system. Renewable energy credits recs. If you have more questions about the costs and opportunities associated with going solar in 2019 contact your local installer to find out whether your home is a good. New jersey solar panel incentives include.

10 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit.