New Jersey has some of the best solar incentives in the country

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As one of a handful of states to have installed more than one gigawatt of solar capacity, New Jersey is one of the country’s solar powerhouses. In fact, the Garden State has installed enough solar energy to power over a quarter of a million homes.

The best way to compare your solar options and save money at the same time is by registering on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

For NJ Home Solar Installations, Now is the Time, and Green House Solar is the Company. Green House Solar provides complete design, financing and solar installations to New Jersey homeowners and businesses without the massive cost overhead of big-box solar electric companies. We are highly experienced, knowledgeable, honest, and we follow. New Jersey Launches No Upfront Cost Solar Program For Middle-Class Homeowners New Jersey is one of the best states in the country if you want to go solar – but only if you’re rich enough. Due to the steep upfront costs of around $32,000 in cash, only those upper-income families can afford to install solar.

NJ solar programs

The state’s solar success has been based on two core programs, one that compensates you for the electricity you produce, and one that rewards you for that electricity’s clean characteristics:

New Jersey net metering

This policy allows you to sell excess electricity back to the grid at the retail rate. This is great because the retail rate of NJ net metering is significantly higher than the wholesale rate that large power plants receive for the electricity they sell to the utility. Additionally, the ability to both buy and sell electricity from the grid allows you to balance your consumption and production, instead of letting any excess electricity you produce go to waste.

Check out the top utility net metering programs in New Jersey:

Transition Renewable Energy Certificates (TRECs)

When you install your solar energy system, it produces more than just electricity – for every megawatt-hour (MWh) of solar power, your panels also generate one TREC. These TRECs can then be sold on a market to utilities to help them meet the New Jersey Renewable Portfolio Standard (RPS). The prices for TRECs vary depending on the type of system you install; homeowners installing residential rooftop or ground-mounted solar panel systems can earn $91.20 per TREC. That means if you install a 7-kilowatt (kW) system that generates 7 MWh per year, you could make as much as $638 each year by selling your TRECs.

New Jersey solar panel tax credits

On top of these revenue streams, New Jersey has also granted residential solar a couple tax breaks to help keep the costs down.

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. That means you’ll spend 7 percent less on your solar equipment.

Free Solar Installation For Homeowners Nj

Property tax exemption

Similarly, thanks to the property tax exemption for renewable energy systems, New Jersey resident that invest in a solar energy system will not have to pay any additional property taxes on the value that their solar panels are adding to their homes.

The federal solar tax credit

Don’t forget about federal solar incentives! With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or solar loan), and that you must have enough income for the tax credit be meaningful.

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Using money raised by government incentives and private investors to help fight global warming, the Green Energy Chronicles goal is to get solar panels on the roofs of those who cannot afford them. According to recent news, the plan is to use the rebates set aside for solar and the money raised by companies who want to lower the per ton of carbon dioxide emitted.

The cost for the installation to the middle class families: nothing. The homeowner gets solar panels on their roof and a new reduced electric rate. If interested you can sign up at solarvisit.com. Green Energy Chronicles predicts that it could save individual families up to $2,400 a year, which they hope could then be spent on other essential bills.

Green Energy Chronicles is excited to be promoting one of the first dedicated solar repayment systems for middle class families allowing them to get a low solar bill and an even lower electric bill. The goal is to install solar arrays to over 32,000 homes by the end of next year. By using training programs, government incentives, money from companies and private investors, they aim to keep the costs to those who provide and install the panels as low as possible.

The state government in New Jersey has talked about how they can contribute through raising money to be able to provide more rebates. In the attempt to curb greenhouse gas emissions, and move toward installing solar arrays. In total, the solar program has totted up to an impressive movement.

By ploughing at least 30% of the money from government incentives and using private investors to back the solar installation, the project aims to kill two birds with one stone – saving Middle-Class families money, while also making big fossil fuel polluting companies help to cut energy emissions in the state even further.

Anyone who is currently living in a neighborhood in New Jersey that is classed as middle-class is qualified to apply to get the arrays installed. The sun sets on the initiative as the year ends, so if you’re living in the state, you might want to jump on board soon.

Green Energy Chronicles invites everyone to find out if they qualify by signing up for a free visit. To increase the ease of finding out if you’re in the middle-class and qualified they specifically created a new website solarvisit.com. They hope that the funding put towards this new site will be well spent, if they can get interested homeowners reaching out to them, they estimate that they’ll be able hit their goal of 32,000 homes by the end of the year.

Update:

We’ve been notified that panels are still available for homes, you can see if you qualify for the program by filling out the form below.

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Free Solar Installation For Homeowners Nj