Looking for the latest word in New Jersey solar energy incentives? Then you’ve come to the right place, and just in time, too.
The truth is, you’re almost out of time to reap the benefits of the NJ Clean Energy Act and other such solar power incentives. That’s why we’ve written you this guide.
The following article describes all current NJ solar energy programs and their numerous benefits. You’ll also learn how little time you have left to take advantage of these.
That being the case, you’ve no time to lose! Quickly read through the information below to see why New Jersey residents should solarize their homes right away.
Here are the incentives provided by the state of New Jersey under the Clean Energy Act.
Solar Renewable Energy Credits
Every 1,000 kWh of energy produced by your solar energy system earns you one SREC. Then, you essentially sell these credits back to your utility company.
Homeowners have been known to make around $300 for each SREC they earn. You could earn thousands of dollars in these tax credits every year.
And, by enrolling in this program, you’ll receive these benefits for a full ten years.
Don’t wait any longer, though, if you want to enroll in these benefits. This is a limited time offer.
The goal of 5.1% may be reached very soon. Even if it isn’t, the program will end on June 1, 2021, regardless.
However, those who enroll now will still receive the full ten years of benefits.
State-Sponsored Tax Incentives
In addition to these, there are federal solar energy incentives to reap as well, such as the ability for business to depreciate the asset. This can add another 20 to 30% in tax savings depending on their your bracket and your tax liability. With the current tax law, they are able to depreciate 100% of the asset in one year
Percentage Off Solar Energy Systems
Take Advantage of These NJ Clean Energy Incentives Now
If you’re still on the fence about whether or not to solarize your home, you’d better hurry up and decide. Time is running out to take advantage of these NJ clean energy incentives.