Solar Incentives    >    New Jersey

New Jersey Solar
Incentives & Rebates

New Jersey Shows Rest of U.S. How Solar Is Done

It’s not the sunniest state in the nation but somehow New Jersey ranks in the top 10 in metrics like Cumulative Amount of Solar Electric Capacity Installed (#5), Solar Capacity Per Capita or Watts Per Person (#9), and Number of Solar Jobs (#9). Way to go green Garden State! With extremely solar-friendly policies, substantial rebates and Solar Renewable Energy Credits (SRECs), homeowners are guaranteed lower electric bills and a sizeable return on their investment. No wonder more and more New Jersey residents are moving to Solar.

New Jersey Offering SRECs

Among the many ways New Jersey homeowners are saving on solar, SRECs, or Solar Renewable Energy Credits, are some of the most generous. However, they’re only available to homeowners who purchase their solar panel system outright, a process that can be overwhelming without a helping hand. But have no fear, EnergyBillCruncher is here! With our extensive partnership network, we can hold the SRECs and pass the savings onto the homeowner with the lowest kWh rates out there, allowing you to pay for the power instead of the panels. Basically you reap all the benefits of going solar without the risk and burden of ownership.

The Federal Solar Tax Credit

The ITC, also known as The Federal Investment Tax Credit, is also available to New Jersey homeowners who purchase their solar panel system outright. This credit amounts to 30% of your solar system’s cost after deducting the value of your state rebates. But this one isn’t going to be around forever. By the end of 2019 ITC credits will drop from 30% to 26%. The following year, after 12/31/2020, the tax credits for installations will drop to 22%. This is one of many reasons why it makes sense to go solar now.

Hassle Free Loans Provide Zero Out Of Pocket Installations

Agreements and loan terms can be customized based on your needs, resulting in complete solar panel system installations with zero out of pocket upfront for the homeowner. Our specialists will work with you hand in hand to ensure you take advantage of all the state and federal incentives, credits, and rebates that are available to the New Jersey homeowner. We’ll even handle all of the paperwork, streamlining the process for you to get your solar panel system installed hassle free. So just sit back and watch as your energy bill gets crunched in half.

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