her your investment considerations. It is argued that solar power adds approximately 20 times your annual electricity bill savings if you happen to own the system. In New Jersey, they cannot charge you more property tax if you add solar to your house. In turn, your home will be worth much more if you decide to sell your home. Many average-sized solar power systems on a can mean $20,000 to your home value.
Sales Tax Exemption: Most things that you purchase have a sales tax that is an extra small fee just for purchasing the product. Luckily in New Jersey, there is no state sales tax on the purchase of home solar panels. This will essentially save you %7 or more on your purchase. To learn more about solar incentives in New Jersey click here or visit here.
When it comes to deciding whether or not to invest in solar power for your home in New Jersey, there are many things that you should keep in mind. Overall, getting involved in solar power in New Jersey is a great idea. They have a strong RPS program that makes sure that New Jersey's utility companies have to help you get into solar. They offer sales and property tax exemptions along with a solid net metering program. This ensures that you will be able to save some money with installation to eventually make money back from excess power produced, which come in the form of SRECs. Getting involved in solar power is not only a great investment financially but it is also a great investment for the health of this planet.
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