Run your meter backwards! During sunny days the solar electric system will often generate more electricity than is needed in the house. The surplus electricity flows out through the electric meter and causes the meter to spin backwards, building up credits.
Solar incentives include:
0% sales tax: Solar electric systems are sales-tax exempt.
State renewable energy credits (SRECs): Receive payments from utilities for the clean energy you produce! The New Jersey Clean Energy Program has announced a plan to extend and increase the value of each SREC into the $500 to $600 range.
Federal tax credits: Homeowners can receive a $2,000 federal tax credit. Businesses can receive a 30% federal tax credit, up to allowable amounts, plus depreciation.
Freedom from utility price hikes: Solar energy will help you save money and break free from your utility bills and produce clean, free energy for decades! A solar electric system is an investment; it pays for itself.
Solar Domestic Hot Water System
Installing a Solar Domestic Hot Water System directly reduces your consumption of fossil fuels and eliminates over one ton of Carbon Dioxide emissions each year.
A SOLAR DOMESTIC HOT WATER system takes up little roof space and can be installed in just weeks!
Essentially, a Solar Domestic Hot Water System turns your home’s existing water heater into a backup system and meets up to 75% of your family’s hot water needs.
With the rising cost of electricity and fossil fuels, more people are looking to the sun as a way to save money and help the environment. |