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2022 New Jersey Solar Incentives Projected to Save Homeowners Thousands

January 17, 2023

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If there’s one thing New Jersey homeowners have in common is, it’s how much they spend on power bills each month.

The average homeowner pays $110 per month for electricity. To some, this may not seem like a lot. But once you break it all down the numbers tell a different story.

$110 over twelve months means you’re spending $1,320 on power per year. After ten years, that stacks up to $13,200 spent on power bills, minimum. And if you have kids at home? You’re eating up more power than the average home.

However, there are a handful of ways to direct a large percentage of that $13,200 back where it belongs. Your wallet.

The one program saving homeowners thousands on power bills each year.

The first way to save is with the net metering incentive program. Put simply, net metering allows homeowners who generate their electricity via solar to feed surplus power back into the electrical grid, and to get credits for their contribution.

Now, your new NJ solar project can receive TRECs or Transition Renewable Energy Certificates for every additional megawatt hour (MWh) of solar energy that your system produces. This is about $91.20 for every MWh produced.
Of course, there’s a catch.

Because this is a “transitional” project, this means it’s uncertain how long these net metering credits will be available in New Jersey.

Here’s an example of how much you could earn:

If your solar panel system produces an extra 9 MWh per year then you would receive $820.80 per year.
Over 15 years, this would equate to $12,312 simply from owning solar panels. Not to mention, you wouldn’t be paying those pesky power bills each month!

Now, this is one way to put money back into your pocket while making the community a greener place. So it’s a win-win for everyone.

Ready to make the switch to solar power? Click here to start earning money back now!

Solar tax credits will disappear in 2024!

“Going green” is on the agenda at all levels of government. Right now, the both federal and local governments are paying homeowners across the country to go solar. But it won’t last forever.

If you make the decision to install NJ solar panels in 2022, the Federal Tax Credit, also known as ITC, is 26% of your total system cost including equipment and labor involved.

Let’s say your solar system costs $20,000 … your money back at the end of the year would be over $5,000.
Here’s the kicker though…

Every year that you choose to NOT go solar, you lose money. Even if you wait a single year, the tax credit decreases and you lose out on upwards of a thousand dollars. So there’s no better time to embrace solar energy than now.

So go solar by clicking here and have your system make money for you.

Solar panels can increase your home value by $30,000!

Solar panels often have a bad reputation because they’re mounted on your roof. This makes homeowners think that their home value will decrease because of it. In reality, it’s the total opposite.

Researchers report that “Home value increases by about $20 for every dollar saved on annual energy costs.” So, if you save about $100 a month x $20 x 12 months … That’s a $24,000 increase in your home value!

How do you find out if you qualify for solar

It’s quick and easy to find out if you qualify for solar. All you need to do is answer a couple of multiple-choice questions about your home and enter your zip code. Viola! You qualify for solar. And it’s only a minute of your time!

The time to act is NOW—incentives are set to reduce.

This solar program is set to reduce at any time. Then, it will be cut-off for good. So if you want to eliminate power monthly power bills while increasing the value of your home, check if you’re eligible now.

Do these two things to qualify:

Step 1: Click on the icon below to determine if you qualify for saving money with solar.

Step 2: You will find out instantly if your property and zip code qualify for solar.

You have nothing to lose besides monthly power bills!

Receive a FREE Estimate & Start Your Switch to Solar Today!

Alliance Solar is expanding in the national solar community because we know the value of going solar. Not to mention, we keep track of the best solar incentives for our customers! Reach out to us to learn more.
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