US home solar is an emerging market and one that is growing in popularity by leaps and bounds. As homeowners become more overtly aware of the state of the planet, as well as the benefits of sustainable living, things like solar power have taken on a greater level of importance, and this is something that a lot of states and citizens, across the US, are understanding.
New Jersey is one of the leading states in the country for solar, ranking 7th in 2021, with more than 659,000 homes powered by solar. There are 385 companies powered by solar in the state, with this number sure to grow in the coming years. So, what is it that makes New Jersey a top state for solar? Well, there are a number of things to consider here.
Robust and Rapid Growth
There are robust growth projections for solar across New Jersey in the next 5 years, and this bodes well for solar companies looking to expand and thrive. The state is helping to buoy this market by establishing its interim successor incentive program, which combines with the existing SREC program to further incentivize homeowners and businesses statewide to adopt solar. Additionally, there is a 26% federal solar tax credit offered, as one of the leading federal incentives to encourage people to make solar a key part of their home or business. What is more, there are lucrative government economic incentives for solar power in the state, including tax credits, subsidies, and grants, with the state ranking 14th nationally for solar rebates.
If you are looking to capitalize on this, then you should be looking for the best ways to develop and secure new jersey solar leads, and there is a lot to think about with this. Partnering with the right … Read the rest