#1 Solar Panels in New Jersey
There are a few programs that completely cover the cost of installing solar panels in New Jersey. Financing options also exist that completely replace your utility bill with a lower monthly payment.
About NJ Solar Initiative
New Jersey Solar Initiative is an independent organization focused on providing low-cost clean energy to the Garden State. There are a few different programs that offer free solar panels to residents of New Jersey. The most common one being a Power Purchase Agreement (PPA) with a utility or electric company. With a PPA, the company agrees to install solar panels on your roof and sell you the electricity that they produce at a fixed rate for a set period of time. This can be a great option if you don’t want to or can’t afford the cost of buying the solar panels outright and paying for the entire installation. We also offer solar panels in New Jersey.
Besides the free solar panel installation programs, there are also other financial benefits available for homeowners in New Jersey who choose solar energy like a Property Tax Exemption. All homeowners who install solar energy systems can receive a property tax exemption for the value of the system!
Homeowners who install solar energy systems can also claim a Federal Tax Credit of 26% of the cost of the system. Plus, you have the ability to sell Solar Renewable Energy Credits or SRECs that you generate by providing excess electricity back to the power grid. SRECs help to continuously offset your cost of electric on a regular basis.
The New Jersey Board of Public Utilities (BPU) offers a free solar panel installation program for residents of the state. The program is called NJ SUN, and it’s open to both homeowners and business owners. To be eligible for NJ SUN, your home or business must meet certain eligibility requirements.
3 Easy Steps to Estimate Your Savings
1. Enter Your Property Info
This allows us to find the best solar installers in your area as well as the best incentives and credits that you qualify for.
2. Enter Your Energy Usage Info
How much electricity you actually use helps us determine the size of the system that's required for your home.
3. See Your Solar Energy Savings
Immediately see how much you can save and start your custom plan for switching to solar.