Are you thinking about investing in solar panels for your home in New Jersey?
Solar has become an increasingly popular form of alternative energy in the State of New Jersey as more and more homeowners become aware of the amazing benefits of going solar. However, with hundreds of New Jersey solar companies to choose from it can be difficult to determine the best solar installer for your project.
From saving thousands of dollars on your electricity bills to reducing your environmental impact – let EcoGen America help you enjoy the benefits of residential solar power!
A Local New Jersey Solar Company
EcoGen America is a New Jersey solar company dedicated to providing homeowners and business owners with high-quality solar solutions at an affordable cost. As a full-service solar company we provide you with everything you need to start generating your own clean energy.
Our team of experienced solar contractors serve customers throughout the entire State of New Jersey, including those in:
- Atlantic County, NJ
- Bergen County, NJ
- Burlington, NJ
- Camden County, NJ
- Cape May County, NJ
- Cumberland County, NJ
- Essex County, NJ
- Gloucester County, NJ
- Hudson County, NJ
- Hunterdon County, NJ
- Mercer County, NJ
- Middlesex County, NJ
- Morris County, NJ
- Ocean County, NJ
- Passaic County, NJ
- Salem County, NJ
- Somerset County, NJ
- Sussex County, NJ
- Union County, NJ
- Warren County, NJ
Not located in New Jersey? Don’t worry – we install solar panels on properties in Pennsylvania, New York, Delaware, Maryland, Connecticut, Massachusetts and many other areas!
Visit our locations page to see a full list of our service areas.
Facts About New Jersey’s Solar Industry
New Jersey has always been a leader in the solar industry. In fact, it is one of only a few states in the US with more than 1 GW of installed solar capacity.
According to the latest data from the Solar Energy Industries Association, more than 308,000 New Jersey homes are currently being powered by solar energy and industry experts see strong growth for NJ solar in the near future.
The solar industry has been booming in New Jersey for years and has helped employ thousands of workers. There are currently more than 480 solar companies in New Jersey including manufacturers, contractor, installers, distributors and companies involved in other solar-related activities. New Jersey’s booming solar industry employs more than 6,056 workers.
New Jersey also happens to be home to one of the largest rooftop photovoltaic solar systems in America. The impressive rooftop solar system, equipped with 27,528 solar panels, is located on the roof of a refrigerated warehouse in the Port of Camden.
For more information and statistics about solar energy in New Jersey, click here.
Why Now Is The Best Time To Go Solar
By powering your home with clean solar energy you can take advantage of significant cost savings, lock in low electricity rates and increase the value of your home – all while leading a more sustainable lifestyle!
While many homeowners understand the benefits of going solar, they still want to know if now is the right time to invest in solar. We discuss why now is the best time for New Jersey residents to make the switch to solar below:
Solar Has Never Been Cheaper
Installing solar panels on your roof can be a big financial investment.
The costs of solar panels and solar installation services can seem overwhelming at first, but many residents in New Jersey are pleasantly surprised to find out that switching to solar costs a lot less than they initially thought.
In fact, industry data shows that solar prices in New Jersey have declined by more than 64% in just the last 5 years! Lower solar equipment costs combined with financial incentives makes the process of going solar cheaper than ever before.
Take Control of Your Electricity Costs
The cost of residential electricity in the US is not only expensive, but electricity prices are known to be highly volatile.
Data from the Energy Information Agency (EIA) shows that residential electricity prices in New Jersey are approximately 25% higher than the national average. The high price of electricity in New Jersey is one of the main reasons that so many homeowners have turned to solar energy in recent years.
Remember, installing solar panels on your home is an investment – one that can result in significant returns over the years. By investing in solar panels you can take control of your electricity prices once and for all by locking in a low rate for years to come.
Make Money With SREC’s – Wait, Really?
New Jersey is one of only a few states that has a market for Solar Renewable Energy Credits (SREC) and it just so happens to be the largest market for SREC’s in America.
As a homeowner in New Jersey you can take advantage of the your state’s Solar Renewable Energy Certificate (SREC) program which allows solar homeowners to sell credits earned for the solar power that they generate.
Each time your solar PV system generates 1,000 kilowatt-hours (kWh) of electricity you earn one SERC that can be sold on the SREC market.
The value of a Solar Renewable Energy Credit varies as it is based on the supply and demand of the market, but New Jersey is known for having more valuable SRECS than most states.
Save 30% On Your New Solar PV System With A Solar ITC
New Jersey homeowners are also eligible for the Solar Investment Tax Credit (ITC), which is a 30% tax credit for solar PV systems on residential properties in New Jersey. In other words, you can save 30% on the total costs of your new solar PV system!
The Solar Investment Tax Credit has helped thousands of New Jersey residents make the switch to solar by significantly reducing the associated costs, but the Solar ITC incentives are not going to be around forever. In fact, the Solar Investment Tax Credit in New Jersey will begin to phase out in 2019 and will be completely phased out by 2022.
With lower costs in the solar industry and a limited time to take advantage of the Solar ITC, there has never been a better time for New Jersey resident to make the switch to solar!
To learn more about why now is the best time to go solar you can visit the official website of New Jersey’s Clean Energy Program here.