Solar Incentives in Hamilton, NJ
Complete guide to solar tax credits, rebates, and incentive programs available to Hamilton homeowners in 2026.
Federal Solar Investment Tax Credit (ITC)
30% of total system cost
Hamilton homeowners can deduct 30% of the cost of installing a solar energy system from their federal taxes. This applies to all qualified solar installations in Hamilton, NJ.
New Jersey State Solar Incentives for Hamilton Homeowners
Successor Solar Incentive (SuSI) Program / SREC-II
SRECNew Jersey's SREC-II program provides fixed incentive payments for residential solar production over 15 years.
Sales Tax Exemption
Sales TaxSolar energy systems are exempt from New Jersey's 6.625% sales tax.
Property Tax Exemption
Property TaxNew Jersey law prohibits municipalities from increasing property tax assessments due to solar installations.
Net Metering in Hamilton, NJ
New Jersey offers net metering at the full retail rate for residential solar systems. Excess credits roll forward monthly and are trued up annually.
Solar Renewable Energy Credits (SRECs) in Hamilton
New Jersey's SREC-II (Successor Solar Incentive) program provides one of the most valuable solar incentives in the country. Residential systems earn fixed payments per MWh over 15 years.
Average SREC Price: $85-$100 per SREC-II
Tax Exemptions in Hamilton
How to Claim Solar Incentives in Hamilton
- Install your solar system: Work with a qualified Hamilton solar installer to design and install your system.
- Claim the federal ITC: File IRS Form 5695 with your federal tax return to claim the 30% tax credit.
- Apply for state programs: Contact your New Jersey energy office or local Hamilton utility to apply for available incentives.
- Set up net metering: Contact your utility in Hamilton to set up net metering and start earning credits.
- Keep records: Save all receipts, contracts, and permits for tax filing and warranty purposes.
Solar Incentives FAQ - Hamilton, NJ
Hamilton homeowners can take advantage of the 30% federal solar tax credit, plus 3 state-level incentive programs, net metering, and SRECs. These incentives can reduce your total solar cost by 30-50%.
The 30% federal tax credit alone can save Hamilton homeowners approximately $5.3k on a typical system. Combined with New Jersey state programs and SREC income, total savings over 25 years can reach $40k or more.
New Jersey offers net metering at the full retail rate for residential solar systems. Excess credits roll forward monthly and are trued up annually.
To claim the 30% federal ITC, Hamilton homeowners need to file IRS Form 5695 with their annual tax return. The credit applies to the full cost of your solar system including equipment and installation. You must own the system (not lease it) to claim the credit.
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