Free Solar Panels In Nj

New jersey solar power overview.

Free solar panels in nj.

The first solar incentive is the investment tax credit itc which currently allows you to deduct 30 percent of the cost of your solar energy system from your taxes. New jersey is one of the top states to be adopting solar power although not abundant in sunshine they are making solar power work. The bottom line is there might be a free solar panel scam lurking out there but it isn t coming from any reputable solar company like ours. You will pay for the electricity that they produce usually under a 20 to 25 year solar lease or power purchase agreement ppa.

If you need to finance your system. New jersey is one of the top states to install solar in the nation. We want everyone to go solar but we also want them to fully reap the benefits. High electricity rates the federal tax credit net metering and the state s transitional renewable energy credit program means that homeowners in the garden state can get an excellent return on their investment when installing residential solar panels.

Then you simply pay off your solar panels with affordable monthly payments which are typically lower than what you currently pay on your utility bills. 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. Free solar in new jersey the term free solar panels is typically used to advertise solar lease or solar power purchase agreements ppas. Solar sales tax exemption.

If you would like to know if your home is eligible for solar or if you qualify for a ppa lease or purchase with financing go here or request a free no obligation solar evaluation by filling out the. That means you ll. You can get solar panels for free here with a power purchase agreement. New jersey s clean energy program will come pick it up for free and offers a 50 incentive.

Oil propane municipal electric customers new jersey residents who are municipal electric oil or propane customers are eligible to participate in and receive incentives from certain programs. You heard right you can have solar panels installed in your new jersey home for free. New jersey solar panel tax credits. There are currently four solar incentives available to homeowners in new jersey.

Or if you decide to purchase outright with a loan you re still coming out ahead with all the incentive that new jersey has to offer. An offer of free solar panels may be tempting but it could potentially cost you 25k in energy savings over the life of the system. Morristown nj thanks to the new jersey clean energy program qualifying your home for solar energy is much cheaper than you think. Free solar panels are not actually free.