• Home
• Business

State utility regulators have created a new incentive program meant to lower the cost of solar installations and increase related manufacturing jobs in New Jersey.

The Board of Public Utilities said Thursday that it will provide a rebate of as much as 25 cents per watt for solar panels purchased and as much as 15 cents per watt for inverters and racking systems bought by any consumer, business or municipality.

Inverters are used to change the current for a solar-panel system, while racking systems are installed to hold the solar panels in place.

The BPU's rebate program, called the Renewable Energy Manufacturing Incentive, or REMI, is expected to provide $1 million in solar panel and equipment incentives in the coming months.

But for a solar product to be eligible for a rebate, at least 50 percent of its cost must have been manufactured in New Jersey, whether through labor, overhead, raw materials or components.

As of Oct. 31, the BPU said, there have been more than 4,500 solar projects installed in New Jersey, creating nearly 110 megawatts of power.

For more information about the rebates and which products are eligible, call New Jersey's Clean Energy Program at 866-657-6278.

No comments have been posted. Be the first poster!

PressofAtlanticCity.com offers everyone the opportunity to comment on published stories. However, it is impractical for editors to screen all comments.
If you believe a comment is offensive, please click on the abuse-reporting link and your objection will be considered by an editor. We encourage participants to use their real names, but inoffensive screen names are acceptable. Comments are the sole responsibility of the person posting them.
Please post responsibly. Do not post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy.
Be polite. Don’t hate. Users who don’t play by the rules may be blocked from participating.

View our full terms of service and privacy agreement

Click here to report a comment as abusive.

You must login to post a new comment