Let’s save you the read and answer the question right away. Yes, the future of residential solar energy in East Brunswick is bright.
If you want to understand why East Brunswick presents an ideal environment to install a solar system for your home, keep reading. There are some serious savings, and there are a lot of them. So, let’s dive in.
- Dropping Costs of Solar Power
With a push for solar from all quarters, many solar companies offer attractive residential solar deals. The easy solar loans ensure that you pay only a little out-of-pocket expense upfront. On top of that, the solar system will soon begin earning you returns from the first year. So, you are getting “green” and inexpensive power for your home.
- Extension of Federal Tax Credit
The solar investment tax credit, popularly known as ITC, provides you with a sizeable tax benefit. You can claim up to 30% of the solar investment cost, which you would otherwise be paying to the federal government in taxes. The deadline for the tax credit has been recently extended with the recent Inflation Reduction Act, so this is a great time to take advantage of that opportunity.
- Income from SREC-II
Under New Jersey’s Successor Solar Incentive (SuSi) Program, you are eligible for SREC-II income for 15 years when you use a solar system at home. It is similar to the earlier TREC and SREC policies of the government.
If you use residential solar energy in East Brunswick, you can earn up to $90 per SREC-II generated by your system. So, if your solar system generates 10,000 kWh annually, you can earn $900 by selling the SREC-IIs over and above your solar power savings.
- Dual Benefits For Your Property
Installing a system for residential solar energy in East Brunswick will add to your property value. So, if nothing, it’s an exercise in home improvement. It offers you an enhancement in your property value without any increase in your property tax.
Make the Obvious Switch
By becoming a part of the solar energy push right now, you can take advantage of the lucrative government incentives, find great deals on solar loans, and add to the value of your property. With fossil fuel rates continuously increasing, solar energy provides much-needed relief. Not to forget, you are contributing to a cleaner environment. Solar is indeed the future.