This is how, with the use of solar panels, you can change your roof from simply protecting your family from the elements, into a cash generating machine for your family, protecting you from rising energy prices.
Eliminate Your Electric Bill With Solar
Posted by sloasdaylight on March 14th, 2011
This will be verbiage to help get you started on your way with eliminating your electric bill and actually making money selling electricity back to the state!
Reasons to Go Solar in New Jersey
Posted by on March 16th, 2011
New Jersey’s State and Federal Incentive Benefits
The average residential family home would require roughly 7 kilowatts of solar power, which translates to $40,000 worth of panels. The installation would require an initial 10% down payment of $4,000. Within the first two years however, you stand to receive over $20,000 in Federal and State incentives and credits. There is a $12,000 Federal tax credit for installing the solar panels themselves, and the State of New Jersey will pay you $5,000 annually as a part of their Solar Renewable Energy Credits program. The Solar Renewable Energy Credits program continues for a period of 15 years, which totals to $75,000. The combined credits and incentives over a ten year period (the duration of the financing) total to $62,000; one and a half times the cost of the panels themselves! After that, you own the system, continue to power your home, can sell excess energy back to the State, and you’re still receiving a $5,000 incentive from the State of New Jersey for another 5 years, totaling an extra $25,000!
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