Trenton is the state capital of New Jersey, and was also the national capital for a short time. Founded by the Quakers in 1679, it now has a population of over 80,000 and is part of the New York metropolitan area. Trenton is rich in historic legacy and was the place where George Washington achieved his first military victory on December 26, 1776, an event that is commemorated by the Trenton Battle Monument.
Like in many New Jersey cities, solar power has experienced significant growth in Trenton since 2010, due in large part to the solid renewable energy policies in the state:
New Jersey is one of the best states to invest in solar power, perhaps even better than California nowadays, and the city of Trenton is no exception. Energy from PSE&G is expensive, with average rates of 15 cents per kilowatt-hour (kWh), which means you can achieve significant savings by producing your own energy with solar panels. In addition, residents of Trenton can accumulate one Solar Renewable Energy Credit (SREC) for every 1,000 kWh of clean energy generated. Here is how solar can save you money in Trenton, NJ:
Also, keep in mind that energy prices tend to increase on a yearly basis. Between 2016 and 2017, PSE&G rates increased significantly, raising the power bills of their customers by 5% on average. However, for home and business owners with solar panels, savings increase in the same proportion each year!
The New Jersey Renewable Portfolio Standard requires all utilities in the state to procure 22.5% of their energy from renewable sources by 2021, and there is a specific solar generation goal of 4.1% by 2028. This solid renewable energy policy has led to generous incentives for solar panels systems:
There is also a nationwide federal tax credit that covers 30% of your upfront investment in solar as a tax deduction, and you can apply it a soon as you file your next tax declaration. When this is combined with SREC sales and the other incentives available in Trenton, solar panel systems become one of the best investments you can make for your property.