energy is a sustainable solution to the environmental problems that we
face. The conversion to solar reduces our reliance on fossil fuels and
provides a clean alternative for energy production.
In addition to the environmental benefits, the conversion to solar energy is an economical choice, for two reasons:
Reduces energy bills. Solar energy reduces electricity bills significantly.
Increases value of property. Solar energy systems increase the value of homes and businesses.
people would like to reduce their energy bills and increase the value
of their property, but believe that the installtion of solar PV systems
will be too costly. However, there are several state and federal
incentives that reduce the cost of installation significantly and
provide a steady cash flow. This makes solar a very attractive option.
The state and federal incetives include:
- NJ Solar Renewable Energy Credits (SRECs).
For every megawatt produced by a PV system, the state of NJ gives the
owner an SREC that he or she can sell on the market. Currently, NJ
SRECs can be sold for as much as $540.
- Federal grants. Solar projects that begin this year are eligible for a 30% rebate from the federal government.