Clifton has a population of over 86,000, which makes it the eleventh largest municipality in New Jersey. The city is home to Rutt’s Hut, one of the oldest hot dog restaurants in the country dating back to 1928 and the John and Anna Vreeland House, an 1817 construction that has been added to the National Register of Historic Places.
The Public Service Electric and Gas Company (PSE&G), the electric utility company serving Clifton, is working to reduce its carbon footprint. Their main projects in the city include the following:
A solar panel system in Clifton can provide home and business owners with significant energy savings and a new cash flow:
When you add energy savings and SREC sales, solar panels produce a total financial benefit of around $370 for every 1,000 kWh of energy generated. Keep in mind that annual energy savings also tend to increase year after year. For example, PSE&G electricity bills increased by around 5% between 2016 and 2017. This is normally bad news, but if you are generating your own energy with solar panels it means your savings are increasing over time!
In addition to energy savings and SREC sales, there are many government incentives available for solar panels in Clifton:
Additionally, there is a nationwide 30% tax credit for solar panel systems. You can claim a federal tax credit for 30% of the cost of your solar power system.
If you are unable to pay the full price of a solar panel system upfront, but still want to save money with solar, a loan might be the best option for you. PSE&G offers customers a loan with zero money down and favorable terms if you agree to sell your SRECs back to the utility. However, many banks and financial institutions offer solar loans for those who qualify, so we recommend shopping around.