According to a analysis by global solar center that compared the rebate programs available in the United States, New Jersey has the best solar rebate program. The determination of the best solar rebate program came through the amount of time for a homeowner to obtain his initial investment in electricity savings.
According the report, the payback for residential solar in New Jersey is only 1.5 years. New York, Delaware, California, Maryland, Massachusetts, and Wisconsin all have payback periods ranging from 3-7 years.
This payback period would not be possible without the government pushing for renewable energy. Thanks to government solar incentives and research/development, the price of solar has dropped dramatically over the past few years.
In addition, utility rate hikes due to the increasing cost of fuel, demand, and federal regulations for deployment of renewable energy, have decreased the payback period for a solar system.
New Jersey Solar Rebate Program
Rich Hessler
CleanFamilyEnergy.com
(949) 208-0221
