Are Solar Panels Free for New Jersey Residents?
If you are a New Jersey homeowner, there is a strong chance that you qualify to have free solar panels installed on your home.
In this overview, we’ll discuss the process of getting free solar energy for your home. We’ll break down the different options available to you, the process for qualifying for and choosing the best option for your home, and how to coordinate a state-licensed installation. Read on to learn more or contact our experts to discuss the details specific to your home!
Do you live in NJ? Find out how to get FREE solar panels!
Step 1: Review Your Options
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), which we’ll explain more about.
Power Purchase Agreement (PPA)
A Power Purchase Agreement or “PPA” is a contract directly between you and a state-licensed solar energy company. Under 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. This is a very common practice and even though the homeowner isn’t purchasing the system, they are almost guaranteed to save money on their electricity bills.
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.
There are many NJ counties offering their own programs as well, each with unique eligibility requirements, so we strongly suggest you speak with an expert to help with your application and review all the best options available for your home.
Save up to 30% on your solar installation this winter!
Other Financial Benefits of Solar
Besides the free solar panel installation programs, there are also other financial benefits available for homeowners in New Jersey who choose solar energy. Some of the biggest benefits include:
– Property Tax Exemption: Homeowners who install solar energy systems can receive a property tax exemption for the value of the system.
– Federal Tax Credit: Homeowners who install solar energy systems can claim a federal tax credit of 30% of the cost of the system.
– Solar Renewable Energy Credits (SRECs): SRECs are credits that can be sold to utilities in order to help offset the cost of installing a solar energy system.
Step 2: Find Out if Your Home Qualifies
Depending on where you live exactly in New Jersey and other details about your home and background, you may qualify for different programs with unique advantages. We strongly recommended you speak with a local solar energy expert regarding your installation options. If you begin an installation without applying for the right programs, you may be losing out on massive savings!
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Step 3: Get a State-Licensed Installation
If you’re a NJ resident and looking to get started with your free solar installation, it is very important that you work with a local installer who is state-licensed. This will ensure you qualify for the right programs, save the most money, and receive a safe and secure installation.
Contact our local New Jersey solar experts at EcoGen America and we’ll walk you through the whole process, helping you apply for the best programs and providing a secure high-quality installation!
We are committed to bringing our customers the benefits of solar energy throughout the State of New Jersey.
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If you are a resident of New Jersey, there is a good chance that you qualify to have free solar panels installed on your home through one of the many solar incentive programs in the state. If you’re a NJ resident and looking to get started with your free solar installation, it is very important that you work with a local installer who is state-licensed. This will ensure you qualify for the right programs, save the most money, and receive a safe and secure installation.
Yes. Residents of New Jersey do pay for solar panel installation. However, New Jersey offers many incentives and tax credits to reduce out-of-pocket costs. A complete guide to NJ Solar Incentives can be found here.
New Jersey has a variety of ways to get free solar panels. Programs like NJ Sun from The New Jersey Board of Public Utilities, and many NJ counties offer their own programs as well, each with unique eligibility requirements, so we strongly suggest you speak with an expert to help with your application and review all the best options available for your home.