In New Jersey, Putting Solar on Your Roof Could Help Earn $168,750,000

Remember when your mother told you that money doesn’t grow on trees? Well, she was right, but in New Jersey it does grow on solar panels.

In fact, if every one of our members in New Jersey were to install solar, they’d cumulatively earn $168,750,000 over the next fifteen years in Solar Renewable Energy Credit (SREC) payments alone!

How could this possibly be true?

With the most dramatic solar incentive program in the nation, the Garden State has turned residential solar systems into personal ATM machines. By issuing homeowners SRECs that can be traded on the market, the government has enabled homeowners not only to save money but also to make money on their solar systems. The additive results are quite dramatic.

The average homeowner, in fact, will make about $67,500 from selling their SRECs over the course of 15 years (you can cash in on your SRECs for a maximum of 15 years). That’s in addition to the money saved on energy bills. With PURE’s group discount, after an average 4-year payback time New Jersey solar panels are money in the bank.

Non-Jersey residents, try not to be too jealous

Keep in mind that going solar is financially compelling in plenty of other states too.

Alternatively, get jealous! This is a great example of how state government can dramatically influence solar financing. Get involved in community groups and let your local leaders know that you too want the option to make money while investing in your property, lowering your energy bill, and reducing your carbon footprint.

New Jersey campaign dates

South Jersey signups are open until September 14th, 2010. Sign up at http://southnjsolar.pureenergies.com/us/

North Jersey signups are open until November 2nd, 2010. Sign up at http://solarnorthjersey.pureenergies.com/us/

Image Credit