Solar Panels New Jersey

The cost of installation for solar power varies depending on the size of the solar panel array you choose to install. Solar Photovoltaic (PV) Electric systems are generally priced on a per-watt-installed basis. Price is determined by solar panel quality and installation time required. Most residential solar systems cost between 6 and 7 dollars per watt installed, while larger commercial solar systems are between 4 and 5 dollars per watt. Array Sunsystems will come to your home or business for a complete inspection and solar consultation to determine the best fit for you.

Solar Power Incentives & Rebates in New Jersey

There are many federal, state, local, and utility incentives to take advantage of. These solar power incentives will reduce the cost of your investment and provide a significantly shorter Return on Investment (ROI) time. Array Sunsystems will guide you through the paperwork to make sure you get the maximum savings. Each solar consultation will outline estimated tax advantages and Solar Renewable Energy Certificate (SREC) production.

New Jersey Solar Renewable Energy Certificates - SREC

Due to New Jersey’s long standing pollution problem we have one of the most aggressive renewable energy policies in the country. Utility companies are now required to have a percentage of their energy produced by renewable means or pay a significant penalty. This has created an SREC program where you can get paid for producing renewable solar energy credits by the utility company. In other words, your solar panel installation will pay you two ways. You will have energy independence and receive SREC income. For more detailed information you can read the laws here: http://www.njcleanenergy.com/renewable-energy/home/home or Contact US today for an evaluation of your property’s solar potential.

Tax Rebate and Accelerated Depreciation for Solar Investment.

Investing in Solar Power System has a High Rate of Return. With so many incentives to take advantage of, along with the utility savings, the investment for commercial solar projects can now pay for itself in as little as 1-3 years. There is an aggressive bonus accelerated depreciation schedule and federal tax credit program for businesses’ investing in solar panel energy. There are both renewable energy bills and job creation bills that are creating the perfect storm for going solar in New Jersey. Add on to this the lucrative New Jersey, NJ SREC program and energy savings you will achieve with your solar panel system and solar becomes one of the best investments in the country for businesses.