Nj Solar Incentives 2017

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.

Nj solar incentives 2017.

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. 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. That means you ll. This report identifies sites where the department would encourage solar installations from those where the department would discourage.

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 solar panel tax credits. 10 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit. Please check njcep for more information and availability of funds.

This program registers solar projects in order to earn solar renewable energy certificates srecs. Solar sales tax exemption. 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. New jersey residents who are municipal electric oil or propane customers are eligible to participate in and receive incentives from certain programs.

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.