Newark Solar Installers
If you are considering going solar, New Jersey offers some wonderful incentives and rebates that makes it the best place on the east coast for solar. The state has a Renewable Energy Incentive Program that is unlike other states and to fully understand it, it is advisable that you consult with a professional solar installer local to your area.
Should you be unsure whom to contact, we will be more than happy to put you in touch with the best Newark solar installers in your area. Working with a reputable professional is very important here, because if you do not, you may miss out on some huge savings. You should enquire about the Solar Renewable Energy Certificates (SRECs) that could earn you a lot of money and cut down the time it takes to start earning a profit from your solar power.
The SREC works like this. For every 1000kWh you generate with your solar panels, you will be awarded a SREC. This can then either be sold or traded. The utility companies in New Jersey have to buy these SRECs to meet their clean energy requirements. You should be aware that there is no fixed price, so it can vary depending what utility company you deal with. One of the professional Newark solar installers will be able to tell you who is offering the best deal.
Lets talk savings. When you install solar, you will be able to claim a state rebate of $1.55 per Watt. So, if you installed a 5kW solar system, you could be saving $7,750. After that you will be claiming your 30% federal tax rebate that is 30% of the total cost after the state rebate has been applied. All in all, the time it takes to pay off the cost of installing solar is incredibly low in New Jersey. Talk to your local Newark solar installer today to find out more details.