Maximize tax credits, SRECs, and rebates while following NJ solar regulations New Jersey continues to offer some of the nation's most attractive solar incentives in 2024, but understanding how to legally maximize these benefits requires careful navigation of state laws. The federal solar tax credit remains at 30% of installation costs through 2032, while New Jersey's own incentives include the valuable SREC II program that pays homeowners for renewable energy production. The state's net metering policy still provides full retail credit for excess energy sent back to the grid, though PSE&G and JCP&L customers now face time of use rates that make solar battery storage more valuable. Property tax exemptions for solar installations remain fully in effect, protecting homeowners from increased assessments, while the sales tax exemption now applies only to NJBPU approved Tier 1 equipment. These financial benefits come with specific compliance requirements including proper ...
Garden State Solar Insurance is your trusted New Jersey resource for comprehensive solar panel coverage. Protect your investment against storms, equipment failures, and liability claims with tailored insurance solutions. Learn how to safeguard SREC income during repairs, navigate NJ’s unique risks like nor’easters and grid outages, and maximize savings through NJ Clean Energy Program-compliant policies.