Solar incentives in New Jersey for commercial properties
Commercial solar panel installation is more affordable when you take advantage of tax incentives and the ongoing benefits of solar:
Align your business with the New Jersey Energy Master Plan. Using solar panels for businesses in the state costs a little more than $18,750 per 5 kWs on average, securing incentives valued at more than $7,500. Switching to solar saves businesses and homes an average of $78 per month and will generate thousands of dollars in profit over the next 20 years.
Part of that profit comes from the SREC Registration Program (SRP). When your installation generates 1,000 kilowatt-hours (kWh) of electricity, it earns an SREC that can be sold on the SREC Tracking System. The SRP says that businesses will see specific revenue for at least the first 15 years of a solar project.
We’ve been providing commercial solar installation services in the state for years, and we’ve built a reputation for being reliable and affordable. Reach out today to get a free solar estimate for your commercial property.
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Home solar panels in NJ don’t have to come with an exorbitant price tag. In fact, you take control of your energy for less money by utilizing these incentives:
New Jersey Property Tax Exemption
Tax advantage of New Jersey’s property tax exemption which allows you to increase your home’s value significantly through solar panel installation without increasing your property taxes.
Homeowners can utilize net metering to earn credits on their utility bills for each kWh of electricity their system produces over the course of a year.
Transition Renewable Energy Certificates (TRECs)
Take advantage of Transition Renewable Energy Certificates (TRECs) which are solar rebates for solar energy production.
As one of the best solar companies in New Jersey, we have tried and true experience helping homeowners and businesses alike get the best deal on their solar panel installation.
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