Welcome Residents of New Jersey

Federal Tax Incentives
30% of net cost of the system as a tax credit.

Solar Renewable Energy Certificate (SREC) Program
Earn one (1) SREC for every 1,000 kWhr your solar PV system produces. These can be sold or traded over a 15-year period. SREC value was approximately $600/MWh as of December 2010; however, trade values may vary and for the most current information: Click Here

How much will it cost?
The cost of a solar electric system can vary significantly depending on the amount of power required. A home with a $50/month electric bill will require a completely different system than a home with a $500/month electric bill. For this reason, residential systems range in cost from $10k-100k.

Financing
Many homeowners finance their systems with funds from a home mortgage or home equity line of credit. Loan payments are frequently similar to or less than what a homeowner would pay the utility for power. Plus, the homeowner now owns a solar electric system that adds value to their property and protects them from future utility rate increases.

Property Value Increases
In addition to the direct return through utility savings and the sale of SRECs, homeowners can also expect that their property resale value will increase substantially. An article in the Appraisal Journal showed that property resale values will increase $20 for every $1 saved annually in electricity.


Economic Analysis