New Jersey is a national leader in solar energy, with the second highest number of homes and businesses with solar power of any of the states in the nation. The growth of the state’s solar industry has been driven by an ambitious requirement that increasing percentages of the regulated power suppliers’ energy come from renewable energy sources, favorable financial incentives and favorable regulatory provisions such as net metering rules.
In order to determine the economic viability of a solar project and the return on investment, the financial incentives available under both New Jersey and federal law must be analyzed.
State Incentives
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