Nj Solar Incentives 2017

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

Nj solar incentives 2017.

Solar sales tax exemption. Please check njcep for more information and availability of funds. This report identifies sites where the department would encourage solar installations from those where the department would discourage. New jersey solar panel tax credits.

That means you ll. 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. 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 panel installation tax credits in new jersey along with incredible energy savings customers who are installing solar panels can also receive these great state federal incentives.

In 2017 the new jersey department of environmental protection s njdep bureau of climate change and clean energy released a solar siting analysis update available here this analysis identifies sites where the department would encourage solar installations from those where the department would discourage solar installations based on their land use and characteristics. In fact many homeowners take advantage of an investment tax credit that covers as much as 26 of the total cost of the solar panels. This program registers solar projects in order to earn solar renewable energy certificates srecs. 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.

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