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Important Information Regarding Incentives on Solar Panels for Your Home

With the high costs of energy and the likelihood of blackouts as predictable as ever, individuals and business alike are exploring solar power as an effective alternative.

Renewable energy is increasingly becoming popular in New Jersey and other parts of the country. A great number of people are installing solar and wind power systems in their homes. Solar energy is the most convenient and environmentally-friendly alternative source of electricity. In regards, to renewable energy sources, the sun’s energy is plentiful.It is accessible as long as there is the sun and unlike other kinds of energy, the likelihood of running out of this energy is quite low.This type of energy is available in every place around the world.

Although solar energy is very beneficial, the initial cost of buying a solar system can be extremely high. Over the last several years, New Jersey has done an excellent job promoting solar power. There federal and state governments are making it easier for consumers to reap the benefits of solar energy by offering tax rebates and incentives. Solar panel incentives can reduce the cost of a solar panel system significantly. They make solar power less expensive than power from the utility company.
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There is a 30% federal investment tax credit for solar systems. Both residential and commercial customers can benefit from this tax credit and it applies to different types of solar technology such as photovoltaic, concentrating solar technology, and solar heating and cooling.
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Additionally, the Clean Energy Program in NJ offers financial incentives for homeowners to enable them to save money, energy, and environment. The program provides the Residential New Construction Program that offers several financial incentives to homes that meet specific standards. The program applies to both single and multi-family residences. Other incentives on solar panels for your home can include Solar Renewable Energy Certificates Program, Residential Renewable Energy Tax Credit, and others.

Government incentives along with solid solar technology create an excellent environment for homeowners to change their energy habits while saving money.

A trusted company will offer customized solar energy solutions to suit the individual needs of each homeowner. When considering a solar installation, it is imperative that you consider local solar companies with extensive experience in the solar systems design concept. These firms will have the required knowledge to precisely predict energy production and are sure to bring the most value to your solar project with the assistance of experienced solar system design experts.

Searching for different solar panel incentives and rebate programs on your own can be a daunting task. A reputable solar company in NJ can help you identify all the qualifying tax credit and rebate programs for your system and help you file the necessary paperwork.