Residential Solar Panels Nj

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

Residential solar panels nj. The cost of solar panels in new jersey for the average sized 7 2 kw solar panel system in new jersey the cost comes out to about 3 20 per watt or 23 040 before incentives. We offer several low interest financing options designed to maximize your profits. Options include a plan that often returns the entire cost of a system in as little as six years. The average home in new jersey needs a 7 2 kw solar panel system to meet its energy needs.

By consuming free solar power you can save on the huge electric bills. Going forward our residential solar panel installation now puts money into your pocket. Solar sales tax exemption. At nj solar we pride ourselves on matching state of the art technology to your financial and energy needs.

Solar power in new jersey has grown significantly increasing from less than 50 megawatts mw in 2007 to over 2 800 mw in 2018 such that solar power provided 4 17 of the state s electricity consumption. New jersey solar panel tax credits. Solar panel cost data new jersey 2020 updated. New jersey solar power llc has been there since the beginning of the solar energy revolution of nj.

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. As of oct 2020 the average cost of solar panels in new jersey is 2 77 per watt making a typical 6000 watt 6 kw solar system 12 277 after claiming the 26 federal solar tax credit now available. This is aided by a renewable portfolio standard which requires that 22 5 of new jersey s electricity come from renewable resources by 2021 and by one of the most favorable net metering. When you go with new jersey solar power you re getting new jersey s foremost experts in solar energy.