Solar panels are worth it no matter where you live, including New Jersey. This implies that installing solar panels, or better yet, the solar energy system, is always going to be worth it. In this blog, we discover how solar panels or the solar energy system are worth it.
Are Solar Panels Free in New Jersey?
It can be a big fantasy to think that New Jersey offers free solar panels, but to your disappointment, New Jersey is not the place where solar panels are free. However, you must have watched Ads that speak of free solar panels. Those ads actually refer to solar panels that are free of leases and PPAs.
For those who are unfamiliar with these terms, PPa and leases are actually financing options where you won’t have to pay upfront prices. Sadly, that does not mean you will be able to get free solar panels.
For example, when you lease a car, the car is not yours; similarly, these solar panels are not your assets. The company that manufactures the solar panels owns them, and you get to mitigate the electricity bills.
How Much Does Solar Installation Cost in New Jersey?
Not only in New Jersey but worldwide, the cost of solar panel installment varies with multiple factors. For instance, the cost can vary with the size of the solar panel system you are planning to install or the type of equipment you deploy during the installment process.
Furthermore the costs can vary with the installer you go with. However, to sum up, considering all the factors, it costs almost $10,000 to $30,000 without incentives. In addition, the solar panels in New Jersey, on average, cost between $15000 to $21000 without any incentives.
Solar Incentives in New Jersey
New Jersey offers a wide spectrum of enticing solar incentives that make the country a hub for solar adoption. Here are some of the incentives that the state of New Jersey offers to its residents:
- Federal Solar Investment Tax Credit (ITC): The Federal Solar Investment Tax Credit motivates the residents of New Jersey to deploy solar panels by offering a 26% discount on the installment cost of solar energy systems from your federal taxes. However, the discount is believed to decrease in the near future, so one must not miss their chance to save a good sum of money.
- New Jersey's Clean Energy Program (NJCEP): Under this program, residential and commercial solar energy system installation can lead to various rebates and incentives. These incentives can vary with conditions.
- Property Tax Exemption for Renewable Energy Systems: When you have solar panels installed at your home, you get an exemption from the government of New Jersey. The renewable energy system at your home will exempt you from property tax assessments. That means your property tax will not escalate with time due to the installation of a solar energy system at your home.
- Sales Tax Exemption: The solar panels you are planning to install at your place will be free of sales tax according to the law of New Jersey. Furthermore, you can save money when buying any instrument related to the solar panel energy system. As a result, you can save yourself 6.625% of your money from discounted sales tax.
Are Solar Panels Worth It in New Jersey?
Solar panels are truly a worthwhile investment in New Jersey, considering the high electricity rates and strong solar energy incentives the state government offers. On average, the cost of electricity in New Jersey is 16 cents per kilowatt hour, which is higher than the national average.
On the other hand, with solar panels, you can mitigate or even cut off the electricity bills completely, saving yourself a good sum of money. In addition to this, with solar panels in your home, the value of your home is also raised. Furthermore, solar panels are worth it in New Jersey because you can rely solely on them as your electricity source for 25 to 30 years.
Can You Save with Solar Panels in New Jersey?
When you install solar panels at your home as a resident of New Jersey, you can definitely save yourself enough money. With solar panels, you can live a life free of electricity bills if the size of your solar energy system balances with your energy consumption.
Speaking of the figures, you can save anything between $10,000 to $30,000 with a solar panel system installed at your home. In addition to this, with electricity costs rising day by day, the savings incurred by solar panels will also escalate.
How to Find the Best Solar Companies in New Jersey?
You should consider various factors once you have decided to shift to a solar energy system. Here are some of the factors you should consider to choose among the best solar companies in New Jersey:
- Research and Compare: When you go shopping for solar panels, you should do proper research and compare all the companies. After you have researched well, you can then figure out whether the company has a strong reputation or not.
- Get Multiple Quotes: Read out the reviews provided online by different customers. That way, you will be able to get a better idea of prices, warranties, and services offered by different companies. When you can compare different prices, services, and warranties, you can land a better deal and get your hands on a good solar energy system.
- Check Certifications: Always check whether the North American Board of Certified Energy Practitioners (NABCEP) officially recognizes the company. This certification is proof that the company abides by the law and fosters standard professionalism and expertise.
- Ask About Warranties: You must always look for solar panels that come with a good warranty. Ask the company whether they offer a warranty on equipment and the installation process. The warranty should last at least 25 years for the solar panels and almost 10 years for the inverter.
- Evaluate Financing Options: A company with a good reputation will always offer you multiple financing options that may include PPAs, loans, and leases. You can select from all these options that suit your budget and your long-term goals.
Do I Need Home Backup Power for Solar Panels?
Although solar panels can source all your electric appliances during the daytime, they are obsolete at night as there isn't sunlight at night. You will need a home backup power system to supply your appliances at night. Here are a few products that can prove to be the best choice for your home as a home backup power for solar panels:
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BLUETTI AC300 + 2*B300
The BLUETTI AC300 can supply 3000 W pf AC pure sine wave with a temporary surge of 6,000W, which is needed to boost up heavy appliances. Furthermore, you can expand the capacity by adding two B300 batteries up to 3,072Wh.
However if you add four B300 batteries you can expand the capacity upto 12,288 Wh. This expandable B300 battery has a smart MPPT which enables fast charging. Also, this battery USB-A port is easily applicable with a BLUETTI power station and a 12V/10A car output.
The LiFePO4 battery can last more than 3500 cycles and will still be working at 80% efficiency. There are seven ways to recharge the power station, including AC, Solar, car, generator, lead-acid battery, and Dual AC (AC+solar) system.
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BLUETTI EP500Pro Solar Power Station
The BLUETTI EP500Pro Solar Power Station can supply you with 3000W of electricity on the go. The power station is portable, which means you can carry around this solar power station wherever you go.
Furthermore, it also makes off-grid energy storage possible, implying you can store solar energy and use it at night. Using this solar power station, you can load multiple devices on the go and recharge the power station through multiple ways.
You can also control this power station using a remote and execute different functions using the smart touch screen. The power capacity of this device is as much as 5120Wh. This power station has a LiFePO4 battery which lasts for more than 3500 cycles of recharging and discharging. Even when you have used the battery for 3500 cycles, it will still be working at 80% of its efficiency.
Find out more about this power station in; Is Passive Solar Better Than Active Solar?
Final Thoughts
Solar panels and equipment can do you robust favors by helping you reduce your monthly electricity bills. Hence, installing a solar energy system at your home is always worth it. Resultantly you will be able to save yourself a good amount of money.
However, when buying solar panels and equipment, you should be really careful and responsible. For instance, you should do proper research and find out which brand is among the best and which solar panel can serve you the function at your home. With these things in your mind you can hit the best deal for yourself.
