Go Solar in New Jersey with Verengo Solar

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Save Money with New Jersey SRECs!

If you're like many homeowners in New Jersey, you may be wondering about how you can start using solar panels to not only reduce your carbon footprint, but also lower your electric bills.

There has never been a better time to invest in solar panels for your home, as a number of federal and state programs exist to cut the cost of installing and operating a solar panel system. There is a Residential Renewable Energy Tax Credit offered by the federal government that will give homeowners 30 percent of the cost of their new system either as a tax credit or cash grant.

The state of New Jersey's Clean Energy Program will also give homeowners a Solar Renewable Energy Certificate (SREC) for every 1,000 kilowatt hours it generates over the next 15 years. SRECs can be sold or traded, adding more value to home solar panels.

SRECs are used to register solar power projects in the state, and owners must register prior to beginning construction. After construction is finished, the Renewable Energy Inventive Program can begin issuing SRECs to homeowners. Using this program also allows you to track how much energy your solar panels are generating online. Credits are deposited into user accounts monthly.

However, the value of SRECs tends to fluctuate slightly every year, so the sooner you act, the more you will receive from the program. Many average home solar panel systems will earn several thousands of dollars in their first year.

Currently, New Jersey residents pay about 45 percent more for their power than the national average, and that number is expected to grow over the next decade. You don't want to get stuck paying these sky-high prices, and adding solar panels to your home can help you avoid them.

The experts at Verengo Solar can add solar panels to your home that will reduce your energy costs quickly, and with the great money-saving offers from the state and federal government currently available, it's cheaper than ever.

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