This homeowner in Williamstown, NJ reduced their energy costs with a roof-mounted solar panel system.
New Jersey Solar Panel Installation
Reduce Your Energy Costs by Switching to Solar
New Jersey law mandates that by 2021, 22.5% of the state’s energy must come from renewable sources. When the bar is set this high, it translates into terrific incentives to get solar panels for your NJ home or business.
Thanks to excellent state credits and federal tax incentives, New Jersey is leading the charge into clean energy in the United States. Currently New Jersey is #4 in the nation for solar panel installations. (source)
If you own a home, business, or farm in New Jersey, now is the best time to invest in solar. Talk to a solar consultant from Paradise Energy about how you can reduce or even eliminate your energy costs by installing a solar array.
Serving All of New Jersey
From South Jersey to North Jersey, and along every exit of the Turnpike and Parkway, we offer professional solar panel installation in New Jersey.
No matter if you live in the Philadelphia suburbs, the NYC metro area, or in the heart of the Pine Barrens, you can enjoy the benefits of clean, cheap solar energy. From our Paradise, PA office we serve all of New Jersey, including:
- New Brunswick
- Cherry Hill
- Mount Laurel
- Long Beach Island
- Toms River
- Egg Harbor Township
- Atlantic City
- Mays Landing
- Cape May
Why Choose Paradise Energy Solutions?
Since 2009, Paradise Energy Solutions has been a highly-rated solar panel installer in New Jersey and throughout the Mid-Atlantic states. From our headquarters in Paradise, PA, our team of trained, experienced solar installers have completed over 750 projects, including over 10 MW of generating capacity in PA and NJ*. We are passionate about helping you enjoy the benefits of an affordable solar array for your home, business, or farm.
* As of February 2017
Our NJ Solar Installation Team
Performance & Quality Guaranteed
Switching your power to solar energy is a big decision. Families want to be sure their appliances will still run and their heat and hot water will still work in the middle of winter. Businesses and farms want to be sure their investment will pay off.
At Paradise Energy Solutions, we understand these concerns. That’s why every solar array we install in New Jersey comes with three 10-year guarantees:
- 10-Year Output Guarantee. If your solar electric system does not produce what we say it will, we will pay you the difference at the current electric rate.
- 10-Year Workmanship Guarantee. Covers all parts and labor, plus the cost of removing, shipping and re-installing, or replacing the defective part.
- 10-Year System Monitoring. Remote system monitoring allows us to see real-time power production of your solar panels. We want to know that our panels are working as we promised.
Solar Power for a Greener New Jersey
Our business is informed by a number of core values. We believe strongly in the need to make responsible choices about how we use the Earth’s resources. We also believe that everyone should have the opportunity to take advantage of money-saving technology that contributes to a more sustainable world.
Expert Staff at All Levels
Part of our commitment to being the best solar installer for NJ includes having the best trained staff. That’s why when you call or visit our office, every person you speak with has completed an extensive 60-hour training course from Solar Energy International. Our installation team is fully licensed and nationally certified by the North American Board of Certified Energy Practitioners (NABCEP), widely recognized as the highest level of certification in the industry. With knowledgeable, trained staff throughout our organization, it’s no surprise Paradise Energy Solutions has been recognized for its excellence in customer service.
This 20.46 kW ground-mounted solar array is providing ample solar power for a family in Northern New
Jersey, close to the Delaware Water Gap.
New Jersey Solar Energy Incentives
Solar Renewable Energy Certificates (SRECs)
When the utilities can’t produce enough clean power to comply with state law, they turn to NJ residents and business owners producing clean, solar energy. New Jersey’s generous SREC program means you can pocket 1 SREC (that’s cash!) for every 1,000 kWh your panels produce. Plus, Jersey’s SREC values are the highest in the area, meaning you can receive even more money from your investment in solar.
New Jersey Net Metering
Think of net metering as your electric meter spinning backward. During the day when you’re at work, electric usage is typically lower. Any excess power that your panels produce beyond what is needed during the day is then credited back to your next bill at the full retail rate. It’s sort of like an electric piggy bank that you put into at time of low usage (typically day time) and draw from as needed (usually at night).
Property Tax and Sales Tax Exemptions
• Property Tax Exemption is 100% of value added by renewable system. Installed solar panels (photovoltaics) are eligible for a property tax exemption, which means your property taxes won’t increase. The local property tax assessor sets the value of the exemption, and then subtracts that amount from the assessed value of the property, thus reducing the amount of property tax owed.
• Sales Tax Exemption. This exemption is available to all taxpayers in New Jersey and includes all solar energy equipment.
Federal & State Tax Incentives
A 30% tax credit allows you, as the homeowner, to claim a credit on your federal tax return worth 30% of the solar array installed cost. Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement in order to qualify for the tax credit. This credit can be carried forward to future tax years if it is not claimed in its entirety in the year that the solar panels are installed. For example, let’s say you’re claiming a $2,500 credit on a $2,000 tax bill – you can’t use the credit to get $500 back from the IRS. Instead, you’ll carry over the credit to the following tax year.
Tax Credit vs. Deduction
A tax credit is taken directly off your tax payment, rather than as a deduction from your taxable income. The solar panel tax credit may be applied to a primary residence, a vacation home, and for either an existing structure or new construction. Other than the cost of the system, there is no limit on the dollar amount of the credit.
A 30% tax credit allows the business owner to claim a credit on Federal income taxes worth 30% of the installed cost of a solar facility. There is no maximum set for the credit. There are provisions for carryback of the credit to previous years and carry forward of the credit to future tax years.
Modified Accelerated Cost-Recovery System (MACRS) allows businesses to recover investments in solar property through depreciation deductions. This is achieved through a 5-year tax depreciation schedule, allowing a business to recover a portion of their investment quickly.
Eligible Solar Energy Systems Must Do One (or More) of the Following:*
• Generate electricity
• Heat or cool a building
• Provide hot water (for use in a structure, or to provide solar process heat)
If you are one of the thousands of farmers in the Garden State, you are eligible for special solar grants from the USDA. In addition to the commercial tax breaks and savings, most farmers in NJ can apply for the REAP grants and loans, which can cover up to 75% of the total cost of a solar panel system.