Facebook Ad Bing Ad
CALL TODAY
Call Today

GO SOLAR IN NJ AND START SAVING!

Get Your Free Quote

FREE, No Obligation Solar Evaluation!

"By hitting submit you recognize that we may contact you using phone, email, and/or text in regards to your inquiry. Please refer to our privacy policy for more information."
Green Bolt

Available Purchase Offerings in New Jersey:

Cash Purchase, $0 Down Solar Loan, $0 Down Solar Lease.

Available Products in New Jersey:

Home Battery Installation, EV Charging Installation

New Jersey Solar Incentives

SREC-II

SREC stands for Solar Renewable Energy Certificate. An SREC is a sellable certificate that represents all the clean energy benefits of the electricity generated by a solar electric system. Each time a solar electric system generates 1,000 kilowatt-hours of electricity, an SREC is issued which then can be sold for cash. A grid-connected solar electricity system in New Jersey is eligible to collect SRECs on all energy produced by the system for a 15-year period. The price of an SREC is fixed at a predetermined price based on sector. For residential solar systems, the SREC is fixed at $90.00.

Net Metering

Net Metering is a billing mechanism which allows grid- tied solar producers to put electricity that they do not use from their solar array back into the grid. When the solar produces more power than the site needs, the utility meter spins backwards, and the account holder will have a credit against future energy use. The solar producer is then billed for their total ā€œnetā€ usage at the end of the month, which is the balance between the power pulled from the grid and the power put back into the grid.

Federal Solar Tax Credit (ITC)

The Solar Investment Tax Credit (ITC) is a dollar-for-dollar federal tax credit which reduces a person or businessā€™ tax liability based on the amount they have invested in a solar energy project. The residential and commercial ITC are both worth 26% of a solar projectā€™s cost though 2022. For example, a $10,000 solar electricity system will be eligible for a $2,600 federal tax credit. Customers that purchase or finance their system through a solar loan are eligible for this incentive.

News

We would like to share this knowledge with you to illustrate what we offer and how it can impact you. Both by lower monthly bills and helping reduce impacts to the environment.

Green Power Energy Completes Hundreds of Residential Solar Power Installations in Hunterdon County, NJ Hereā€™s What Made This Possible.

Green Power Energy Completes Hundreds of Residential Solar Power Installations in Hunterdon County, NJ Hereā€™s What Made This Possible.

May 19, 2023

Green Power Energy has maintained an exceptional record of installing residential solar power systems and providing impressive service in Hunterdon County. The Hunterdon County-based solar company has cracked the code to the perfect residential solar power service. It includes high-quality solar installation paired with incredible after-sales service.

Read More Ā»

Continue to

All News
Logo

connect with us

Facebook Twitter Vimeo Instagram Envelope
about
residential
commercial
farm
resources
information articles
@ 2023 GREEN POWER ENERGY (844) 584-0008
47 East Street Annandale, NJ 08801

42 Ozick Dr, Suite 3, Durham, CT 06422

NJ HIC #13VH05559800

NJ ELC #34EB01151200

PA HIC #PA128259
CT HIC #0656622
CT ELC.0205319-E1
RI HIC #44065
MA HIC #200273