Renewable Energy
Solar Energy Solutions . . .
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State of New Jersey
For the past several years, New Jersey’s Clean
Energy Program (NJCEP) has been promoting reliable,
clean, renewable energy sources. New Jersey
residents and businesses can take advantage of the
most generous solar electric rebate program in the
country.
Solar Electric Systems
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Capacities |
Column A:
Residential Solar PV Applications |
Column B:
Non-Residential Solar PV Applications |
0 to 10,000 watts
with an energy audit |
$1.75/watt |
does not apply |
0 to 10,000 watts
without an energy audit |
$1.55/watt |
does not apply |
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0 to 50,000 watts |
does not apply |
$1.00/watt |
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greater than 50,000 watts |
does not apply |
does not apply |
You will be
paid for the environmental contribution your solar
electric system is making through Solar
Renewable Energy Credits (S-RECs)
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Federal
Additionally, there are generous
Federal Tax Credits that further reduce what you pay
to install your system; these dramatically increase
your return on investment. Some of the credits the
federal Government is offering are as follows:
Individuals:
• 30% Federal tax Credit on installed cost of the
system
Commercial:
• 30% Federal tax credit on the installed cost of
the system
• Eligible for MACRS accelerated depreciation
• 50% bonus depreciation in year one
Learn about DSIRE the database of State Incentives
for Renewables and Efficiency
here
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