The rising costs of utility energy and the likelihood of frequent power outages have made solar power a viable and affordable option for businesses and individuals alike.
Thousands of people in New Jersey these days are turning to renewable energy by installing wind and solar power systems in their homes. Solar energy is a reliable and clean source of electricity. Among all renewable energy sources, the energy from the sun is abundant.It is accessible as long as there is the sun and unlike other kinds of energy, the likelihood of running out of this energy is quite low.Best of all, solar energy can be used in any place around the world, if it is harnessed correctly.
Although solar energy is very beneficial, the initial cost of buying a solar system can be extremely high. In the last few years, NJ has done a great job promoting solar energy. There federal and state governments are making it easier for consumers to reap the benefits of solar energy by offering tax rebates and incentives. Solar panel incentives can reduce the cost of a solar panel system significantly. Rebates and tax credits often make solar energy more affordable as compared to power from the utility company.
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There is a 30% federal investment tax credit for solar systems. Both residential and commercial customers can benefit from this tax credit and it applies to different types of solar technology such as photovoltaic, concentrating solar technology, and solar heating and cooling.
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Also, the Clean Energy Program in New Jersey offers financial incentives for to help homeowners save energy, money, and conserve the environment. The program provides the Residential New Construction Program that offers several financial incentives to homes that meet specific standards. Both single and multi-family properties may be eligible for this program. The Solar Renewable Energy Certificates Program and Residential Renewable Energy Tax Credit and other New Jersey solar power incentives for homeowners.
Incentives on solar panels along with robust solar technology create a great environment for people to change their energy habits while saving money.
A trusted company will offer customized solar energy solutions to suit the individual needs of each homeowner. You will want to find local solar panel installers with substantial experience in solar systems design. Such a company will know how to predict energy production accurately and with the assistance of a team of capable solar design professionals, it is obvious that they will bring the most value to your solar project.
Searching for different solar panel incentives and rebate programs on your own can be a daunting task. A good solar company will help you determine all the qualifying solar energy tax credit and rebate programs and assist you in filing the required paperwork.