Here we will review some of the most important information about solar. This page will give you information regarding the federal solar money, known as the Solar Initiative Tax Credit (SITC), the New Jersey solar money or SuSI most commonly known as Solar Renewable Energy Credits (SREC), and finally, something that many people need, a nearly FREE, new roof with a lifetime warranty.

Solar Initiative Tax Credit (SITC)

A tax credit is a direct reduction in the amount of income tax you owe, effectively decreasing your tax bill by the credited amount. Specifically, the federal solar tax credit is applicable to residential solar energy systems, allowing homeowners to claim a portion of the system's cost as a credit on their federal income taxes. This credit is not limited to solar energy alone but extends to other renewable energy sources as well, though our focus here is on solar.

To qualify for the federal solar tax credit, your solar PV system must have been installed between January 1, 2017, and December 31, 2034, and must be located within the United States. Additionally, you must either own the system outright or have purchased an interest in an off-site community solar project. The system must be new or being used for the first time, and the credit can only be claimed on the original installation of the solar equipment.

Expenses covered by the tax credit include not only the solar panels themselves but also contractor labor costs for installation, permitting fees, inspection costs, and other related expenses. Additionally, certain balance-of-system equipment like wiring, inverters, and mounting equipment, as well as energy storage devices meeting specific criteria, are eligible for the credit. It's important to note that sales taxes on these eligible expenses are also included. This tax credit provides a significant incentive for homeowners to invest in solar energy, offering financial benefits while promoting the use of renewable energy sources.

Please see the video for a basic How-To for claiming the SITC. I have also included the color coded form and a link to the form from IRS..

This is experience I've had with a customer, but this is NOT advice. Always check with your accountant.

Solar Renewable Energy Credit (SREC) (SuSI)

New Jersey's SuSI program, standing for Solar Successor Incentive, replaces the previous SREC market with a more streamlined approach. Under this new program, solar

homeowners are awarded one SREC-II for every 1,000 kilowatt-hours (kWh) of solar energy their system produces. Each SREC-II earns the homeowner $85 and remains valid for 15 years, offering a potential lifetime earning of around $6,700 for an average 6 kW system.

In essence, the SuSI program operates similarly to traditional Solar Renewable Energy Credit (SREC) programs. Solar panel systems generate electricity as usual, and for every 1,000 kWh produced, homeowners receive an SREC-II certificate, representing the environmental value of their solar electricity. These certificates, or SREC-IIs, can be sold independently, providing additional income alongside earnings from the utility's net metering program.

What distinguishes the SuSI program is how it determines the value of SREC-II certificates. The program comprises two sub-programs: the Administratively Determined Incentive (ADI) and the Competitive Solar Incentive (CSI). Residential and small non-residential net-metered systems, community solar projects, and certain solar projects receive predetermined incentives under the ADI program. Meanwhile, large commercial and grid supply solar projects participate in the CSI program, where incentive values are determined through a competitive process.

For residential net-metered solar panel systems, each SREC-II generated earns homeowners $85. Other solar system types eligible for the ADI sub-program receive incentive values outlined by the program. This revised program aims to simplify the process while still providing financial incentives, potentially expanding the solar industry within New Jersey.

Nothing is free but solar + a roof may cost less than you are currently paying for electricity, so it's nearly free. Everyone knows you save money when you bundle purchases, but did you know that with the state & federal incentives you could make your investment back in just a couple of years?

Nearly FREE Roof

Nothing is free but solar + a roof may cost less than you are currently paying for electricity, so it's nearly free.

Everyone knows you save money when you bundle purchases, but did you know that with the state & federal incentives you could make your investment back in just a couple of years?

Sound a little crazy? Click here to check out our written and video testimonials to see what people like you have experienced!

Of course many don’t have the cash available or access to the cash, so, until they speak with us, they think they’re a victim of circumstance. This is America, which creates victors, not victims. Let us know that you do not want to be a victim by calling (833) POWER-19, where you’ll find out all the specific benefits of our program.

You will get the most comprehensive, life- time coverage, warranties, on a roof installed by the most talented group of roofers, the top 2% in the country, our GAF master elite roofers. You might be thinking, “no way can I afford quality like that” so how would you feel if you got all of that essentially for free…with 50-year warranties, backed by GAF, of course? Would you like if we came back only a few days after you agree that you want the roof in order to give you a free roof patches to stop any small current leaks until we come back after receiving the permits and completely redo the entire roof?

Even if you didn’t plan on doing that this year, wouldn’t that take away the stress building up until you absolutely have to do it…and there aren’t any specials?

When you step into the future with Walker Power and our installer, you’ll get 25-year solar panel installation and workmanship warranties. This will be organized by the best local solar advisor who will be available for any questions you might have. Even questions like how can you offer those amazing warranties at such a crazy low price? Our prices are low but they are not ’crazy’. The crazy price is what the competition was charging with barely any warranty at all. They were really taking advantage of you.

Our customers learn that our knowledge, experience & availability, especially for the questions they feel are most important to them is one of the most significant differences between us and the others

Unfortunately, customers who don’t use us, will have to experience that those really important questions usually don’t come to mind until long after the paperwork is completed (which, coincidentally, is when most other companies solar salespeople disappear…like a bad magic show. Not sure if I’m just putting down the competition? Fair enough. Why do you think solar initially developed so many angry homeowners?

The best part about us treating our customers like family, is that people are so thrilled about us that many have made videos describing their experience;

Right now, for a limited time you can seize this special offer to feel pampered & in control during such an important purchasing process which really stresses out most people who don’t work with us...but that’s just because the sales rep keeps “ghosting” them.

When you solar with walker power you solar with family.