Sales and Property Tax

Two final incentives worth mentioning in the state of New Jersey are the sales tax and property tax provisions.

By law, solar energy installations are not subject to state sales tax.

Additionally, the installation of a solar energy system to your home arguably raises the value of your property. Whether you buy into the belief that a solar energy system raises the value by twenty times the first year’s energy savings, or not, it is hard to argue that a home or business with reduced energy costs is worth more than one that does not, all things being equal.

With this idea in mind, your municipality’s property assessor will want to re-assess your home and in doing so, raise your property taxes. With the filing of one form, state law will prevent this from happening.