New Jersey Solar Incentives

June 17, 2008

New Jersey takes the lead in offering incentives to go Solar!

State Tax Rebates are planned for residential installations that will cover a significant portion of your cost.

Srecs are also being paid to all commercial and residential installtions, A SREC is gaureenteed to be paid for 15 years and will be paid for every 1000kwh of electric you produce. SRECs are designed to cover over 50% of your installation cost.

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 (NJCEP)
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
Authority 1:    Electric Discount and Energy Competition Act
Date Enacted:    TBA
Effective Date:    March 2001 (for rebate program)

To learn more about solar opportunities for your business or home, you may email

Ask about our free site evaluation and proforma.

Solar ….. The New Sexy


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:

2 Responses to “New Jersey Solar Incentives”

  1. […] mac wrote an interesting post today onHere’s a quick excerpt […]

  2. Robert McGuckin said

    I am forming a solar installation company here in Burlington county. Would you please help me get started with information to grow my business,

    I am concentrating on PPA’S with local company’s and need to know how NJ can help me with any programs they may offer to pass on to my customers.

    I am working on5 deals that total over 1 mw

    Thanks for any help you can offer.



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