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New Jersey

With over 130,000 solar installations to date, New Jersey is consistently ranked as one of the top states in the country for installing solar.

Green Power Energy has been in operation since 2009, and in that time has installed solar for thousands in New Jersey.

Green Power Energy’s corporate headquarters is in Annandale, NJ which is powered by our own solar array!

New Jersey has great yearly sunlight for solar, high energy costs, and with some of the best incentives in the country, it’s a no-brainer to explore solar in New Jersey. Most Green Power Energy customers don’t even pay out of pocket for their solar installation in New Jersey, that’s $0 down with all the benefits.

“Obviously, financially, it’s a home run and wonderful to a green home. And just look at the spectacular setting with the reservoir and pond. It’s terrific, I’d recommend it to anyone.”

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

Transition Program Renewable Energy Certificate (TRECs):

TREC stands for Transition Program Renewable Energy Certificate. It is the successor program to NJ’s SREC program. A TREC 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 (1 MWh) of electricity, a TREC is issued which then can be sold for cash. A grid-connected solar electricity system in New Jersey is eligible to collect TRECs on all energy produced by the system for a 15-year period. The price of a TREC is fixed at a predetermined price based on sector. For residential solar systems, the TREC is fixed at $91.20 and commercial roof mounted systems are fixed at $152 for 15-years.

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 “net” 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 business’ 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 project’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.

Get Started Today

Let’s talk about potential solar opportunities. We offer free, no obligation quotes to get you started on your solar journey.

If you’d like to talk with us outside of getting a quote then please reach out to us using our contact page.

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.

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47 East Street Annandale, NJ 08801
700 Canal St. First Floor Stamford, CT 06902
117 Kendrick St Suite 300, Needham, MA 02494
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