New Jersey Renewable Energy Incentive Program

On top of these revenue streams new jersey has also granted residential solar a couple tax breaks to help keep the costs down.

New jersey renewable energy incentive program.

New jersey s clean energy program is a statewide program that offers financial incentives programs and services for new jersey residents business owners and local governments to help them save energy money and the environment. Board of public utilities clean energy program. New jersey helps residents and business owners get started with solar energy while minimizing investment and optimizing cost saving incentives. You can take advantage of this program to save energy and lower your utility bills.

Thousands of new jersey homeowners businesses and municipalities are incorporating clean renewable energy into their everyday lives with help from new jersey s clean energy program. This credit can be used to offset both regular and alternative minimum tax amt. When you purchase your home solar system you will be 100 percent exempt from any sales tax due to the pv energy sales tax exemption. In 2018 new jersey was the seventh largest producer of solar energy and almost 75 percent of all its renewable energy production came from solar.

A 30 federal tax credit is available for investments in qualified renewable energy technologies. New jersey solar panel tax credits. 2 solar renewable energy certificates srec. Save money while saving the planet.

Renewable energy incentive program. A five year accelerated depreciation allowance is also available under this tax credit program.