One of the biggest problems facing a homeowner trying to implement solar power would be the starting cost. Solar panels produce more than enough power over their lifetimes to pay for the cost of getting and installing them, but paying for ten years or more worth of power at one time is a overwhelming financial task for the average homeowner. Solar tax incentives such as NJ solar incentives are designed to help reduce that burden by means of subsidizing or offsetting some of the primary cost.
The state leading the way in solar tax incentives is undeniably California. They started the California Solar Initiative. The initiative was signed by the governor in 2006, paving the best way for a goal of 3,000 megawatts of solar generated electricity in that state by the program's finish. It was the most ambitious program of its kind in the us. Other countries, like Germany and France have a more robust system of rebates, incentives, and subsidies in place.
The largest difference between European programs and the US solar tax incentives is that European countries implemented net metering. Net metering allows homes with solar, wind, or other alternative energy generators to remain connected to grid power. If those homes produce additional power during their successful hours than they will use during their off hours, the power company has to pay the home-owner for excess energy.
In the US, net metering has yet to take extensive hold, but the moment it does, it will supply another compelling reason to convert to solar power. Imagine if instead of a bill from your power company each month, you got a check instead!
