New Jersey solar incentives the best in US
New Jersey is the sunniest state in America, offering solar energy incentives for residential systems that can pay for themselves in as little as three years.
The state is second only to California in the number of homes outfitted with solar technology, drawing so many applicants for generous rebates in May that the Board of Public Utilities has put new requests on hold.
New Jersey is the only state to mandate a Solar Alternative Compliance Payment, essentially a penalty a utility must pay if the company does not reach its SREC target. To make that goal, utilities buy these green-energy credits from consumers and businesses.
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June 13, 2010
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