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If you thought your energy bills were high last year, brace yourself: With the NJ electricity bills increase set to climb as high as 20% in 2025, some households could see their monthly costs rise by over $25. With utility costs climbing, businesses and homeowners are turning to solar panel installation to preserve their monthly budgets.
Redoing the roof will cost a significant amount of money, and many of us would rather spend on a home renovation product that will give our home a complete facelift. A roof does not figure high on the list of home renovation priorities. But an old roof can be a source of several problems.
The state of Pennsylvania offers a smart incentive program under SRECs for residential solar buyers in the state. As part of this program, PA residents are incentivized for every megawatt-hour of solar power they generate through the year. Broadly speaking, the more solar energy they produce, the more money they get. The SREC incentive is above and beyond the net metering incentive that residents receive by diverting their excess solar power to the grid.
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