When it comes to solar panels NJ for homes, we all know that it can be expensive. It also makes a lot of sense to buy residential solar panels and reap the benefits for a long time to come. However, as a home owner you don’t want to put your entire budget into solar energy production. In fact, it makes more sense to spend a portion of your monthly budget on solar panels for home use. It all depends on where you live.
Solar power in New Jersey comes in many forms. You will find residential solar panels for both electricity and hot water use. When it comes to residential solar panels in NJ, there are several incentives available to those who choose to install them. Incentives may include: tax credits, rebates, and buying into the solar power grid system. In most cases, it actually takes commercial businesses up to three years to pay off their solar investments.
As we all know, New Jersey is one of the most polluted states in the United States. One of the reasons why commercial solar systems for homes in NJ are so affordable here is because businesses get in the program for tax breaks. What this means to business owners is that when they buy a commercial solar system in NJ they can write off up to 40% of the cost of installation. While that might not seem like much, over the course of the year these savings add up to millions of dollars.
In addition to tax credits for businesses, New Jersey also offers a number of incentives for individuals. The biggest incentive is the New Jersey Industrial Energy Commission (NRIEC). What the NRIEC does is offer rebates to businesses and homeowners that choose to install solar panels. When you install a solar power system, you get to earn credits that you can use to offset the cost of your new purchase or even help you recoup your investment.
Another great thing about installing a commercial solar system for a home in New Jersey is that you can sell your surplus power back to the electric company. This allows you to not only reduce your energy expenses but also earn money on your surplus power. Now you can put all of that money towards paying down your mortgage or other debt. Just imagine having a mortgage that is completely paid off because you were able to offset your energy expenses with solar power! When business owners in Jersey commit to making the switch to solar power they will not only be doing their part to save the planet but they will also be saving themselves thousands of dollars every year.
So there you have it. No matter where you live in New Jersey you can take advantage of the low cost of commercial solar panels. With tax credits and rebates New Jersey residents can invest in these types of clean energy systems today and see their energy bills go down for years to come. You can visit your local hardware store or talk to an electrician about installing these panels and making the switch today.