Nj Solar Incentives 2017

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

Nj solar incentives 2017.

The new jersey clean energy program will help you recover the costs of installation over the life of the system. This report identifies sites where the department would encourage solar installations from those where the department would discourage. Solar energy systems are sales tax exempt. 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.

Renewable energy credits recs. That means you ll. 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. This is a performance based incentive.

Please check njcep for more information and availability of funds. Solar sales tax exemption. 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. 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.

New jersey residents who are municipal electric oil or propane customers are eligible to participate in and receive incentives from certain programs. This program registers solar projects in order to earn solar renewable energy certificates srecs. New jersey solar panel incentives include. 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.

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