Did you know that according to the SEIA, New Jersey is a top 10 solar state?* Net metering and Solar Renewable Energy Credits (SRECs) are both offered in the state, and they can potentially save you a lot of money if you qualify. Imagine getting paid by your energy utility company! New Jersey homeowners can also qualify for rebates from their utility providers, all while saving money on taxes. New Jersey also offers property tax exemptions to those who qualify, which can help with the cost of going solar.

New Jersey requires investor-owner utilities and energy suppliers to offer net metering to qualified customers. Separate from net metering, New Jersey’s Transition Renewable Energy Credits (TREC) are vouchers that solar producers can earn, which can then be sold to utilities (who use the credits to meet their legal renewable energy requirements). New Jersey residents can also qualify for a sales tax exemption, and pay zero sales tax for their solar equipment, accessories, and installation. And there’s a similar property tax exemption which means you don’t pay additional property taxes based on the value solar adds to your home. 

New Jersey homeowners are also eligible for the Solar Investment Tax Credit (ITC).**** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.