Solar Incentives for New Jersey
State rebates pay for a significant portion of your solar system installation cost. However, rebates  are always decreasing as popularity increases. Learn more about your local rebate program and call REC Solar for a free site evaluation.
Federal tax credits make solar even more appealing. The US government currently offers residential solar system owners a one time federal tax credit, capped at $2,000. Commercial solar system owners are offered a 30% tax credit, making solar an even smarter financial investment. |
| State: |
NEW JERSEY |
| Program Name: |
New Jersey Clean Energy Program |
| Incentive Type: |
Solar Renewable Energy Certificates (SREC) |
| Applicable Sectors: |
Commercial, Nonprofit, Schools, Institutional |
| Incentive Amount: |
SREC trade at market value;
1 SREC = 1,000 kWh |
| Maximum Incentive: |
$711.00/SREC |
| Eligible System Size: |
No maximum size specified, but output should not exceed 100% of the historical or expected (if new construction) consumption. |
| Ownership of Renewable Energy Credits: |
Remains with project owner |
| Funding Source: |
Utilities via RPS compliance |
| Website: |
http://www.njcleanenergy.com/ |
| Authority 1: |
Electric Discount and Energy Competition Act |
| Date Enacted: |
TBA |
| Effective Date: |
TBA |
(Source: http://www.dsireusa.org/)
Local Program Administrator:
New Jersey Board of Public Utilities
Renewable Energy Program Administrator, Office of Clean Energy
44 South Clinton Avenue
P.O. Box 350
Trenton, NJ 08625-0350
Phone: (609) 777-3300
Fax: (609) 777-3330
Web site: http://www.bpu.state.nj.us | | |
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