General Finances

The home was constructed by the architect/owner using subcontractors over a long period of time. Original costs were from 1984 and don't relate to current construction costs. Recent solar installations matched average costs in the New Jersey area.

Gross Cost of Renewable Energy System $51,500
Value of Tax Credits for renewable energy systems $15,450
Net Cost of renewable energy systems $36,050

Savings and Revenue

Annual Electric Savings $950
Annual Revenue from SRECs or other RE credits $2,700

Rebates and Financial Incentives

Federal incentives

Federal Tax Credit - 30%

State incentives

No sales tax

Local incentives

No property tax