New Jersey Renewable Energy Incentive Program

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

New jersey renewable energy incentive program.

You can take advantage of this program to save energy and lower your utility bills. Save money while saving the planet. Renewable energy incentive program. 2 solar renewable energy certificates srec.

A 30 federal tax credit is available for investments in qualified renewable energy technologies. A five year accelerated depreciation allowance is also available under this tax credit program. That means you ll. Thousands of new jersey homeowners businesses and municipalities are incorporating clean renewable energy into their everyday lives with help from new jersey s clean energy program.

In 2018 new jersey was the seventh largest producer of solar energy and almost 75 percent of all its renewable energy production came from solar. Board of public utilities clean energy program. New jersey helps residents and business owners get started with solar energy while minimizing investment and optimizing cost saving incentives. New jersey solar panel tax credits.

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. Solar sales tax exemption.