Did you know that New Jersey ranks second on the list of top solar states, boasting as much solar as Colorado, Arizona and Florida combined? SunRun’s thousands of New Jersey customers get quite a bit of sun in the spring, summer, and fall, but the state isn’t banking on just its sunlight to drive solar demand. The state features some of the most exciting financial incentives available for home solar power and offers homeowners a fast return on their investment.
It all starts with the high cost of power in the Garden State – enough of an incentive to start many homeowners looking for alternatives.
Add that to a 30% Federal solar tax credit and you end up with more money in your pocket. In SunRun’s case, we pass the Federal solar tax credit on through our low upfront cost, increasing the chance that you pay $0 when you sign up.
In addition, New Jersey has a Solar Renewable Energy Credit (SREC) market where homeowners can sell the credits they earn by producing solar electricity. The price of SRECs can vary, depending on the market. It’s a substantial bonus to going solar.
Have you gone solar in New Jersey? What inspired you to go solar? Share your story with us on Facebook!
If you’re still thinking about solar, send us your questions via the Ask SunRun tab on Facebook.
