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.

This is a performance based incentive. On top of these revenue streams new jersey has also granted residential solar a couple tax breaks to help keep the costs down. New jersey solar rebates and incentives. That means you ll.

The new jersey clean energy program will help you recover the costs of installation over the life of the system. 10 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit. 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. 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 program is coming to a close very soon. Renewable energy credits recs. 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. 2016 or until the funds are exhausted.

New jersey solar panel tax credits. New jersey solar panel incentives include. Solar sales tax exemption. 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.