New Jersey Solar PanelsNew Jersey Customer-Sited Renewable Energy RebatesIn March 2001, the New Jersey Board of Public Utilities (BPU) approved funding for renewable-energy programs, including a customer-sited renewables rebate program for homes, businesses, institutions and non-profits. | Description | Details |
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| Incentive Type | State Rebate Programs | | Eligible Technologies | Photovoltaics | | Amount | Generally $0.15 - $5/W DC (varies by technology, capacity and applicant type) | | Maximum Incentive | Residential PV: $5,625
Non-profit, gov't PV: $22,500 | | Eligible System Size | Residential PV: 10 kW DC maximum
Non-profit, gov't PV: 50 kW DC maximum | | Equipment Requirements | Generally, systems and components must be new, in compliance with all applicable performance and safety standards, and must carry a minimum 5-year all inclusive warranty; PV modules must be UL-listed; all inverters must be IEEE 929 and UL 1741 certified. | | Installation Requirements | Installation must comply with all federal, state and local codes; must meet detailed siting criteria specified in program guidelines; new construction must be located in a Smart Growth region. |
*Source: Database of State Incentives for Renewables & Efficiency (www.dsireusa.org) Home Performance with Energy Star ProgramThe New Jersey Board of Public Utilities (NJ BPU) offers a Home Performance with Energy Star Program for homeowners that want to improve the energy efficiency of their homes. | Description | Details |
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| Incentive Type | State Rebate Programs | | Eligible Efficiency Technologies | Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Furnaces , Boilers, Heat pumps, Central Air conditioners, Heat recovery, Programmable Thermostats, Duct/Air sealing, Building Insulation, Windows, Doors, Custom/Others pending approval, Ventilation, Safety Measures | | Applicable Sectors | Residential, Low-Income Residential | | Amount | Energy Savings Between 5% and 25%: 10% rebate up to $1,300 or loan at 5.99%, except income qualified 50% rebate up to $5,000 and 0% interest loan;
Energy Savings Greater than 25%: 50% rebate up to $3,000 and loan at 0% | | Maximum Incentive | Loans: $20,000 (5.99% interest); minimum loan of $2,500
Rebates: $1,300 or $3,000 depending on efficiency improvement | | Equipment Requirements | Generally, equipment must be Energy Star certified | | Installation Requirements | Improvements must be installed by a BPI-certified contractor listed as a New Jersey Clean Energy Program Trade Ally |
*Source: Database of State Incentives for Renewables & Efficiency (www.dsireusa.org) Federal Residential Renewable Energy Tax CreditThere is no maximum credit for systems placed in service after 2008. Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016. | Description | Details |
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| Incentive Type | Personal Tax Credit (Federal) | | Eligibile Technologies | Photovoltaics, Solar Water Heat, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies | | Amount | 30% | | Maximum Incentive Type | Solar-electric systems placed in service before 1/1/2009: $2,000
Solar-electric systems placed in service after 12/31/2008: no maximum | | Carryover Provisions | Excess credit may be carried forward to succeeding tax year |
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