| The Numbers |
Solar systems can vary greatly in size, but purchasing any sized installation can be a solid investment thanks to the incentives below. Almost any homeowner or business owner in New Jersey can qualify for these incentives. Remember: Solar incentives are better than ever before, but the benefits of going green might not always be this good. Contact us today to schedule a free presentation designed specifically for your home and finances. Lowering Your Initial Cost The Federal Tax Credit Currently the Federal Government gives and unlimited 30% residential tax credit (or commercial federal grant). This as well as the SREC income and electrical savings, makes solar a tremendous investment. Putting Money in your Pocket SRECs Solar Renewable Energy Certificates are earned for producing clean energy. SRECs can be sold to energy companies who must comply with New Jersey clean energy standards. A typical 10kW system generates 12-14 SRECs a year, and a solar panel installation is guaranteed by the state to remain in the SREC program for 15 years. Click here to learn more about the SREC program. Energy Savings A 10 kW system can save a home or business owner around $200 a month on energy bills. Maximum system size is determined by your energy bill, (the larger the bill, the larger the allowable system) so your solar panels will always offset a significant proportion of your energy costs, regardless of your specific energy needs. The Final Return These combined incentives grant solar power users about a 12%* return on investment. Our customers can pay off their systems in about 7 years, then continue to trade SRECs for 8 more years and expect significant energy savings for 30 years or more. There has never been a better time to go green. Contact us today about a free presentation! *This return is dependant on the value of SREC's as well as electrical energy prices. Both can fluctuate due to market conditions. |
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| Take the first step Schedule a free presentation delivered by our solar experts today! We'll explain why going green is the best investment you can make--for our planet and your wallet. Solar Engineering of NJ, LLC Saving Green Making Green (206) 338-3770 |