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Solar Energy Incentives . . .
Many states as well as the Federal Government offer incentives and tax breaks for the installation, maintenance and use of solar energy systems.

The most attractive incentive however are the pay-backs that home owners and commercial businesses receive from utility companies.

A rebate received by a homeowner in a residential context usually does not have to be reported as income to the federal government when the rebate is received from the local utility.

Solar system and system components are exempt from New Jersey sales tax and are exempt from NJ property tax assessments as well.
 
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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

Learn about DSIRE the database of State Incentives for Renewables and Efficiency here


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