The Truth About Home Solar Reports on the Benefits of Solar Power in New Jersey
FOR IMMEDIATE RELEASE
(Metuchen, New Jersey) Residents of New Jersey understand the importance of solar power. Currently, more than 60,000 homes across the state rely on the sun for their energy needs, and the state presently has more than two gigawatts of solar power installed. This may help to explain why New Jersey, although home to a number of industries that are known for high-energy consumption, only consumes 2.7 percent of the United State’s total solar adoption. Free energy is only one of the many benefits of solar power, and The Truth About Home Solar wants to share many more.
“Homeowners who choose to convert to solar power find that their property value increases as a result of this modification. Furthermore, there are several federal tax credit and incentive programs that a homeowner may take advantage of to help pay for their solar power system. The average home requires a five kilowatt system, and this will cost the homeowner approximately $11,400 after they receive the federal tax credit. However, upon installation of the system, the homeowner will see their monthly bill for grid-supplied electricity drops to approximately $24 a month. Learn more about these savings at ” staff members at The Truth About Home Solar report.
One reason many homeowners choose to convert to solar power is it allows them to become eligible for solar renewable energy credits (SRECs). For every megawatt of electricity generated by a home, solar customers receive one of these credits. The typical solar powered home earns six credits every year. Although prices for these credits do fluctuate, from November 2015 to November 2016, homeowners with solar power saw an average price of $224.27 for each credit.
“Imagine having that extra money every year. The only thing the homeowner must do is register with this program before having their solar system installed. After the system is installed, a certification number is provided and the home begins earning the solar renewable energy credits (SRECs). To qualify, the system must be authorized by the Electric Distribution Company. Visit our to learn more about additional savings a homeowner may qualify for when they make use of this energy source,” staff members continue.
While New Jersey is limited in terms of its peak sun hours particularly during winter months, a factor needed to determine the sustainability of solar power, the state is known for having high residential electricity rates. The average home in the state uses 23 kWh of electricity every day. Install a 5kW residential solar system and it will be capable of producing 18 kWh of the energy needed, which accounts for 78 percent of the monthly energy bill for the home. When combined with the above-mentioned incentives, homeowners will find they save a great deal each month on their recurring bills.
“Learn more about solar power in the state of New Jersey by heading over to If you have any questions after browsing our site, don’t hesitate to contact us. We are more than happy to address any questions and concerns and help you determine if solar is right for you. Most homeowners will find it is,” the staff explains.
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