NJ has been embracing solar power solutions in record numbers these past few years and this trend shows no sign of slowing down in 2012. The New Jersey solar power benefits have never been stronger, making solar power a very easy decision for most homes and businesses. Every aspect of the technology is more efficient than ever and with the powerful solar economics that SREC’s provide, most systems can be paid for in a few short years, producing free electricity for decades.
Solar Prices Keep Dropping
Solar panels continue to become more affordable as the manufacturing techniques and materials used in their construction steadily improve. The surge in solar power installations has increased the volume of solar panels being produced, which further reduces your solar system costs and increases your solar power savings. These panels are fast approaching the magical $1 per watt number that many experts agree will be pivotal for solar power economics, fueling a continued burst of installation activity.
Federal & NJ Solar Power Incentives Remain Strong
The incentive programs that help reduce the cost of the average solar power system are still in place in 2012 and can lower the financial burden of a solar solution considerably. Federal solar power incentives include the 30% investment tax credit, which applies to any system installed until 2016. As well, NJ’s solar power incentive SREC program continues to provide additional return from your solar investment. Even though the SREC values have fluctuated for the current energy production year, recent moves by legislators demonstrate the state’s strong commitment to NJ solar power.
Technology Has Never Been Better with Solar Microinverters
Solar panels have never been more efficient with technologies like microinverters helping to make them even better. These solar microinverters have been shown to increase a system’s efficiency by 16% over an older central inverter solution. Microinverters also make the system more flexible and easier to expand. The solar panels themselves are also thinner and more durable than older designs and can better resist damage from the elements to provide years more service at a lower cost.
Solar Power Is Easy To Afford
The payback period from your own solar system is probably less than you think. There is a wide range of solar power financing options available to help you afford your new solar power solution. End-to-end solar energy companies, like Geoscape Solar, offer low cost solar power financing programs for these systems that can easily be paid back from the system’s energy savings and the SREC’s they generate. If solar ownership isn’t right for you, solar leasing options allow the homeowner to take advantage of this amazing alternative energy solution with no money out-of-pocket and still save on their monthly energy bills. Solar panel leasing is a great way for homeowners to lower their monthly energy bills without spending anything on a solar power system.
So, make 2012 the year for solar power for you and/or your business. There really has never been a better time to go solar.