New Jersey Goes Solar with SunPower®
Garden Staters are winning with home solar
The state of solar power in New Jersey
People and businesses across the country have slowly begun making the shift from fossil fuels and other non-renewable energies to renewable resources like solar energy. As the price of solar panels and systems decreases, they become more accessible to everyday consumers, increasing their popularity.
According to the Solar Energy Industries Association (SEIA), New Jersey ranked 7th in the United States for solar energy use in 2018. The Garden State reflects its name with its commitment to renewable energy sources.
How much solar power does New Jersey produce?
Solar power in New Jersey creates enough energy to supply almost half a million homes. Solar energy makes up 4.51% of New Jersey’s total power sources. Statewide, New Jersey has installed 2,911.06 MW of solar electricity.
There are 6,410 solar power jobs in New Jersey. Use of solar power has increased by about 50% per year and has dramatically increased since 2016.
Is solar feasible in New Jersey?
As the rankings show, New Jersey is among the nation's leaders when it comes to the availability of solar resources. The Community Solar Energy Pilot Program will soon begin, allowing residents to get solar power without needing to install solar panels on their property. The energy will be directed to their property from a remote location, which will help decrease the cost of solar power for New Jersey residents.
New Jersey offers three different financing options, making it easier for residents to afford solar installation. There are also tax incentives to encourage people to use solar power. In 2013, the Solar 4 All project by the Public Service Enterprise Group installed solar panels on 200,000 telephone poles in New Jersey, providing solar energy resources to even more residents.
How much does solar cost in New Jersey?
In 2018, the price of solar decreased by 6.5% from the previous year. SEIA also notes that these prices have gone down 32% within the past five years, an indication that prices will continue to fall. New Jersey also offers tax incentives for using solar power and a sales tax exemption on solar systems. New Jersey customers who purchase a solar system may also qualify for the 26% Federal Investment Tax Credit.*
Along with tax benefits, there are three financing options available to homeowners who choose to adopt solar power. New Jersey's Clean Energy Program says solar loans, solar leases, and power purchase agreements (PPAs) can help residents afford solar installation.
- *. Incentives, rebates, tax credits and exemptions vary and are subject to change. SunPower does not warrant, guarantee or otherwise advise its customers about specific tax outcomes. Consult your tax advisor regarding the solar tax credit and how it applies to your specific circumstances. Please visit the dsireusa.org website for detailed solar policy information.
What legal considerations affect solar power in New Jersey?
Along with New Jersey’s tax credits and exemptions, the Garden State shows its support of solar energy in its top ten ranking for solar energy. It has implemented the Community Solar Energy Pilot Program, allowing more people access to solar energy, and it supports net metering.
If a resident who uses solar energy for their home moves, there are also options for transferring the system. This can mean transferring the homeowner’s current agreement to the new homeowner or moving the solar power system to the resident’s new home.
How can I start using solar in New Jersey?
New Jersey offers many options to help you get started using solar power in your home. The first step is understanding what type of solar panels are best for your home and how many you need to install to provide sufficient power.
At SunPower, we can work with you to understand the requirements for your home and provide you with a quality system. A consultation and assessment will help us recommend the best options for your energy goals, whether you're in a residential or business area.
We'll give you a free savings estimate so you can see just how much you'll save by switching to solar. To find out more, visit us online or call us at (800) 786-7693.
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