According to the International Energy Agency’s World Energy Outlook 2020, solar energy is now the cheapest form of electricity in history, with the technology less expensive than coal and gas in most countries. And in the United States, New Jersey has some of the lowest startup costs associated with a new solar system. In fact, at Soaring Solar, you pay nothing out of pocket for your initial setup! The federal government will give you 26% of the cost of your system back through tax credits. In addition, the state government will give you a Transition Renewable Energy Certificate, or a TREC. This is an incentive based on the production of your solar system, and currently pays out approximately $91.20 per 1K production for the next 15 years.
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