Home Solar Power in New Jersey

Home Solar Power in New Jersey

Almost everywhere you look in New Jersey you can see one of the thousands of solar electric systems providing clean cheap electrical power to homes, businesses, schools and government buildings. Photovoltaic solar systems are installed all over New Jersey.

New Jersey Solar Installations

New Jersey has always been a leader in home solar, and is one of the only states in the US to have more than 1 GW of installed capacity. The solar market in New Jersey is extremely robust and will continue to grow. New Jersey has been long recognized as a leader in the United States for home solar power with one of the best governing, rebate and incentive environments for solar energy.

New Jersey Solar Installations

There is currently enough solar energy installed in New Jersey to power over 234,000 homes saving energy rate payers thousands of dollars each per year. Besides the financial benefits that a homeowner realizes from immediate savings on monthly home energy bills, solar power has also proven to be a viable part of the state’s overall economic health. The growth of solar in New Jersey is responsible for over 513 new solar related companies that employ over 7,200 people, setting a positive example for the rest of the nation.

Solar Incentives in New Jersey

The motivating energy behind the successful New Jersey solar program has been net metering, a SREC (Solar renewable energy certificate) program and one of the leading renewable standards packages in the United States. New Jersey mandated that 22.5% of all energy must be from renewable energy sources with a whopping 4.1% required to be from solar energy.

New Jersey Solar Incentives and Rebates

For New Jersey homeowners with an appropriate site the financial return on investing in a solar PV system in can be very positive. At five to eight years New Jersey has one of the shortest home solar payback periods in the nation and savings will continue long after the system is paid off. The life of a solar PV system is 20 years or more.

New Jersey Solar Financing

Because New Jersey solar efforts have proven so successful the State has attracted industry leading solar companies with a huge variety of financing options that make it easy to start saving on your energy bills immediately. Contact a Solar Consultant to see what programs, incentives and rebates you qualify for. Often times you can get a home solar system installed on your home with absolutely no upfront costs.