If you have ever thought of putting solar panels on your roof or on the ground in your backyard, you may want to consult with solar professionals about doing it sooner rather than later. This is because current incentives for residential and commercial customers to transition to solar are slated to change by the end of this year.
Solar energy is good for the environment and a great way to help offset the costs of making your home energy efficient. To promote solar energy in New Jersey, the state’s Clean Energy Program gives Solar Renewable Energy Credits (SRECs) to customers who sell their solar energy back to the electric companies. The SREC program will be phased out over time, and the best incentives could be gone by the end of this year. Under a 2018 law, once 5.1 percent of homes in the state are equipped with solar, the incentive savings will gradually decrease.
Through NJEA’s partnership with Buyer’s Edge, you can speak to reputable solar professionals at SunLife. SunLife offers solar installation through a no-money-out-of-pocket program and six months of free solar – up to $750. However, due to changes in federal regulation, as of Jan. 1, 2020, SunLife will be authorized to offer free solar installation and three months of $0 payments up to $500. SunLife can even help with the financing of a new roof.
In addition to saving money and the planet, a $500 donation will be made to the NJEA HIPP Foundation for every completed solar installation purchased by NJEA/NJREA members. To learn more, call 800-558-1920 to speak to a SunLife solar professional today or visit sunlifenow.com.