For residents of Logan Township, NJ that have yet to discover the money-saving power of residential solar panels, we have some good news for you. A new solar installation can reduce your dependency on your electricity provider while adding value to your home. Solar panels pay for themselves through savings on energy costs, as well as the amazing incentives available to solar customers. And with the New Jersey Clean Energy Program, solar panels are now available for no money down! As more and more people choose this cost-cutting option for energy, they cannot help but share the good news with their friends and family. In a few years, solar power will take over the state of New Jersey!
\\You might be wondering: How much do solar panels cost? The better question is: Is the monthly expense for acquiring solar panels greater than the amount you will save in energy costs each month? Because if the answer is ‘yes’, then going solar is a no-brainer. The great news is: Because of the tremendous national support for renewable energy, state and federal governments have put in many potent incentives to make sure that the benefit outweighs the cost. In fact, New Jersey is ranked #7 in the union for providing solar incentives to its residents. At 100K Solar, we educate the residents of Logan Township on how to capitalize on these incentives to ensure that their solar installation is a seamless and rewarding experience.
The great state of New Jersey offers a generous net metering program, which enables you to sell excess electricity back to your provider at retail price. This significantly reduces your electric bill. You can gain additional income through the state’s Transition Renewable Energy Certificate (TREC) program. New Jersey also offers solar buyers an exemption from sales tax, and you’ll pay no additional property tax from the increase in home value your solar array provides. These incentives combine with the federal solar tax credit (ITC), which further reduces the cost of your array by 26%.
The cost of installing solar panels on your Logan Township home is a function of a number of different factors. Some of these are:
The best way to determine exactly how much your panels will cost is with a free in-home consultation. When we come to your home, we perform a thorough site inspection to identify those factors that will influence the cost of your system. We take notes on which faces of your roof receive the most sunlight, and spot any obstructions that might block the sun. If your roof needs to be replaced prior to installation, we can help you with options for that as well.
Following our 20-minute site inspection, we conduct a brief interview, which helps us understand your energy usage and the unique requirements of your home. We take a few minutes to explain the various federal and state incentives that are available, and how they will affect our calculations. Taking advantage of them is easy, and we show you exactly how to do it. After entering this data into our application, it tells us what kind of system you will need, and the corresponding costs. In many cases, you can acquire your solar array for no money down.
After you have adjusted the offer to suit your needs, you get to compare your current monthly electricity costs with the new cost schedule, including the cost of your solar panels. The solar option is almost always much less expensive. And once the panels are paid off, you only have a tiny monthly electric bill to pay. Also remember that acquiring solar panels improves the value of your home significantly.
After the financing is approved, we apply for permits on your behalf. Once they are granted, we set a date for installation. Our team of expert technicians will arrive in the morning to begin work, and by early to mid-afternoon we are finished. We may need additional time if you need a larger array, or if you have specific considerations that are unique to your home. The project may also require additional time if your home has obstructions that need to be removed (e.g. trees), or if your home needs a new roof. We typically address these issues prior to installation, as they don’t require permits.
At 100K Solar, we work hard to ensure that you understand each step and its importance. We educate you on the finer points of using your system, and show you how to troubleshoot any issues that may arise moving forward. By taking the time to understand how to take charge of your system, you will truly understand its potential, and be better equipped to reap the financial rewards of using it. Your confidence will also enable you to take better care of it, and enjoy it.
By purchasing solar panels in the state of New Jersey, you get to take advantage of a number of critical incentives that ensure you will save money. These are the biggest incentives available at present:
Thanks to the New Jersey Clean Energy Program, it is possible to add a new solar array to your home for no money down. There are certain requirements for this; if you call our office, we can help you take advantage of this program.
You can save 26% of the price of your solar array through the Investment Tax Credit (ITC). To qualify, you must purchase the system outright, either with cash, or a loan.
The state of New Jersey provides its residents with the right to sell excess power back to their provider at retail price. This enables the consumer to make money from their system, and offset their power bill.
For every Megawatt hour (MWh) of electricity your panels produce, they also generate one TREC. TRECs can be sold back to providers to help them meet federal and state guidelines for renewable energy creation. For every kW in size your system is, estimate that you will generate 1 MWh/year. When you sell one TREC for $91.20, that’s a nice chunk of change going straight into your pocket.
In New Jersey, you will not be paying sales tax when you purchase your array. Normally, sales tax would be 7%.
Although adding your solar array will increase the value of your home, you will not pay any property tax on the difference.
Here at 100K Solar, we make it easy for you to understand the benefits of going solar. Having a satisfied customer is critical for our reputation; we stand out among our competitors because of the extra care we take when educating you on the features of your purchase, and the ways it saves you money. When you are satisfied with our work a year later, you will be much more likely to refer us to your friends and family. That’s the level of satisfaction we are looking for.
Call us today to schedule your free consultation. Our brief visit will give you everything you need to know about our operation, with a clear step-by-step plan. After we are finished, you will know exactly what to expect from our team, and how you will be saving money. The great state of New Jersey has made this an easy decision for you. Our advice: Take advantage of these incentives while they are still available!
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