New Jersey New Jersey Solar Power Rebates and Incentives Solar energy systems represent a significant positive investment for either a home owner or business that delivers inexpensive power for decades. With the generous incentives available, that investment is even more affordable. These incentives include a wide range of federal, state and local programs that substantially offset initial costs in the form of tax credits, rebates, grants, loans, leasing and direct equipment sales. These programs, though extensive, can be confusing to identify and understand, then to file the appropriate documents in order to receive your rebates once a system has been installed. The best way to take advantage of these solar energy incentives is to call your local Akeena representative at (888) 253-3628, and Akeena will manage the rebate activities for your new Akeena solar system.  Additionally, there is a complete and up-to-date list of state and local programs maintained by a non-profit organization through the link provided, DSIRE, the Database of State Incentives for Renewable Energy as well as links further down this page to take you to specific state programs in order to get the latest information available. Commercial and Residential Solar Energy Financial Incentives New Jersey offers one of the best solar energy incentive programs in the country. Customers receive direct rebates for systems less than 10kW. For systems over 10kW, a rebate formula applies at a different per watt amount, with break points between 10kW - 40 kW and for 40 kW - 100 kW. In addition, solar power systems are not subject to State sales tax. A 30% federal tax credit also applies to residential systems, up to $2000. S-RECs SREC stands for Solar Renewable Energy Certificate and is a tradable certificate that represents all the clean energy benefits of electricity generated from a solar power electric system. All solar power system owners in New Jersey with grid-connected systems can participate in New Jersey's SREC Program. Akeena Solar will advise our customers on the best way to take advantage of this program. Our customers received $0.165 for SREC's in 2005, and the 2006 rate is expected to be even higher. Federal Business Solar Energy Incentives These incentives are available for businesses (not residences) that invest in or purchase qualified solar energy equipment. They also apply to qualified home offices. 30 Percent Investment Tax Credit 5 Year Accelerated Capital Depreciation Financing Assistance Akeena Solar offers different financing programs to meet your financing needs.