New Jersey
Solar Panel Installers

You won't have to rely on the public utility grid for electricity if you generate your own. As a bonus, if you have a solar battery to store your energy, you will not be inconvenienced or injured by power outages, blackouts, or brownouts. Depending on your utility&pos;s billing practices, you may also benefit by not having to worry about variable energy costs caused by varying demand, or your utility's increasing costs to make your electricity. Solar power's lower energy costs are a big selling feature. Solar panels allow you to create your own power rather than purchasing it from a utility or other energy supplier. As a result, you are no longer required to make large monthly payments for your energy use, unless you have financed monthly.

Going solar is also a terrific way to help the environment. By shifting from fossil fuels to renewable energy, you will lower your carbon footprint and reduce your environmental impact.

After claiming the federal solar tax credit of 30%, the median cost of an installed household solar installation in New Jersey is presently $12,343. This works out to $2.78/Watt for cash purchases. The cost of solar installations vary across states. The figures below depict the median cost of rooftop New Jersey solar installations.

Source:  https://www.solarreviews.com/solar-panels/new-jersey

Over the previous ten years, the prices of solar panels have dropped by over 80%. Solar panels may also be eligible for the federal tax credit of 30% and homeowners can sell energy back to their utility under the net metering laws, which makes solar an attractive investment. Solar provides returns that are far higher than long-term median returns from both the stock market and real estate investments.

Some other ways of looking at energy costs are the levelized price to be paid for each kilowatt-hour of power used within the next 25 years with and without solar panels. As shown in the table below, the savings are substantial.

The selection of components will have a significant impact on the total price of your solar generating station. Choosing high-end equipment, such as the most efficient solar panels and the greatest solar batteries on the market, would, as predicted, increase expenses. Choosing the most basic equipment, on the other hand, will keep the costs modest. Anyone establishing a solar energy system must consider the benefits and drawbacks of superior equipment vs. affordability by analyzing the value of each of your equipment and financing options This is where Solvana has a distinct advantage over others. Solvana's Go Solar App is specifically designed to show you all your options and facilitate the comparison.

The effectiveness of New Jersey’s Clean Energy Solar Program is based on two fundamental programs where one rewards you for the energy you create, while another compensates you for the clean features of that energy.

SuSI (Successor Solar Incentive)

You can earn  one SuSI, or SREC-II, per megawatt-hour (MWh) that the solar panel system produces under the SuSI, or SREC-II, program. The worth of an SREC-II differs based on what type of system is installed; for residential rooftop applications, you receive a fixed amount of $90 for each SREC-II you create throughout 15-years. That means that if you construct an 8-kW system that generates 10 MWh annually, you might earn an additional $900 each year by selling your SREC-II SuSI certificates for a windfall of $13,500.

Net Metering in New Jersey

This policy permits you to resell excess power to the grid at retail rates. This is fantastic since the retail cost for NJ net metering is substantially higher than the wholesale rate the utilities offer you. Furthermore, the option to buy and sell electricity from the grid allows you to balance your usage and production rather than wasting any extra power you generate.

The Federal New Jersey Solar Tax Credit

Don't overlook federal NJ solar incentives! The Investment Tax Credit (ITC) can cut the price of the PV solar power installation by as much as 30%. Remember that the ITC only extends to individuals who fully acquire their solar energy generating station (with either a solar loan or with cash). To be eligible for the ITC you must pay the amount of the ITC in income taxes, which can be spread out over a number of years.

Solar Sales Tax Exemption

Due to the PV Energy Sales Tax Exemption, you will be exempt from paying any NJ State Sales Tax when you purchase your own solar energy station. That means your cost for solar is 7% less.

Exemption from Property Taxes

Similarly, because of the renewable energy property tax incentive, New Jersey residents who invest in a solar energy system will not have to pay any extra property taxes on the increased value that their solar generating station brings to their homes.

Source: https://www.solarreviews.com/solar-panels/new-jersey

Here at Solvana, you'll find the resources you need to make the switch to solar energy with confidence and at your own speed. And, as your Solar Advocates, we'll be there for you every step of the way. Solvana's process is smart, fast and easy. Check out the Go Solar App and make a proposal. You'll be glad you did.

Using our Solar Praxeum Training, we'll walk you through the entire process and help you avoid the typical pitfalls while you migrate to solar.

Your desire for a more sustainable energy source for your home makes it our duty to help you get solar as easily as possible. That means you can go solar without having to deal with bothersome salesmen, hidden fees in the tiny print, or being misled by misrepresented overinflated solar benefits.

How do I find a good solar installer in New Jersey?

The best way to find a good solar installer in New Jersey is to ask for referrals from friends, family, or neighbors who have already installed solar, like our NJ solar customer Ryan G.— "I think the app is great and was helpful listing our options. I put together a package and I must admit it is more affordable than I thought".

Here's why Solvana is the best solar installer in New Jersey:

Here at Solvana, you'll find the resources you need to make the switch to solar energy with confidence and at your own speed. And, as your local solar company, we'll be there for you every step of the way. To begin the process, fill out the contact form on this page.

Is it worth going solar in NJ?

New Jersey solar is a fantastic investment in many cases. However, if you live in an area with limited sunshine or if you don't use a lot of energy, solar may not be worth it. Whatever the situation, Solvana will give you an honest cost-benefit assessment of installing solar in your home.

How much does it cost to install solar in NJ?

The cost of New Jersey solar will vary based on a number of factors, including the components you select for your system. Your prices will rise if you install a solar battery or high-efficiency panels. Solar generating stations, on the other hand, range in price from $15,000 to $25,000 on average (before credits and other incentives). Solvana shows you options. You get to decide what meets your needs.

Does NJ have a solar tax credit?

Yes, NJ solar incentives include tax credits, renewable energy credits, and net metering as options for offsetting these costs.

Can I get free solar panels in NJ?

NO, nothing is FREE! The "FREE" solar panels end up costing many homeowners in the long run and the third-party owner takes all of the benefits. The third party takes all of the 30% federal tax credit, and ALL State SRECs, which combined can be worth more than $15,000 on average. HOWEVER, when you buy solar panels in NJ the systems always have an option to be Cash Flow Positive, meaning at the end of the day you will pay less for solar than you would have without solar panels. How can that be? In short, the Federal tax credit, and SRECs are so valuable that they help pay for your monthly solar payments. You can see how the incentives pay as much as 50% of the monthly solar payments because our loan partners offer 20-year loans at 0.49% APR.

Can I lease solar panels in New Jersey?

When selecting whether to lease your NJ solar panels, it is critical to evaluate your terms. With NJ solar leasing, you normally make monthly payments for 20 or 25-years, depending on your solar power lease. If your lease expires, you may generally extend it or make all the lease payments if you want to own your panels. There is typically no option to own it after making all the lease payments. That’s why we prefer loans. When the loan payments end, you own it

Does solar energy work in New Jersey?

New Jersey is one of the country's solar powerhouses, being one of just a few states with 3 GW worth of installed capacity from over 148,000 individual installations.