New Jersey Solar Incentives

Go Solar with Over The Top Solar Solutions and enjoy great incentives

New Jersey electricity rates in compared to others states is 33% higher . But controlling your electric bills isn’t the only benefit you can enjoy when you switch to solar in New Jersey. You can also create and store your own solar power to protect your home from unexpected outages and reduce your carbon footprint. Plus, there are several financial incentives to help you lease or purchase new rooftop solar panels.

 

Benefit of Going Solar

Federal Solar Investment Tax Credit

The 26% federal solar tax credit is available for purchased home solar systems installed by December 31, 2022.

Solar Investment Property Tax Exemption

Property tax exemption on the added home value from the rooftop solar system

Transition Renewable Energy Certificates(Trecs)

Compensation per kilowatt-hour (kWh) produced by the system.6 (Varies by market value.)

Solar Panel System Sales Tax Exemption

6.625% home solar system state sales tax exemption.

More about New Jersey Solar Incentives

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