TheNew Jersey Board of Public Utilities (BPU), through New Jersey’s CleanEnergy Program, announced new incentives to increase the manufacturingof solar panels and inverters and create green jobs in the state. TheNew Jersey Renewable Energy Manufacturing Incentive offers consumersand businesses that purchase solar panels and inverters that are, atleast in part, manufactured in New Jersey a rebate of up to $0.25 perwatt for panels, and up to $0.15
cents per watt for inverters.
Therebates, offered through the Renewable Energy Incentive Program, are inaddition to the existing solar incentives of up to $1.75 per watt forresidential projects that are up to 10 kilowatts, and $1 per watt fornon-residential projects — up to 50 kilowatts. This new program isexpected to grow New Jersey’s economy by providing $1 million inincentives to the state’s consumers and businesses in 2009. To qualifyfor incentives under this program, applicants must use productsmanufactured with at least 50 percent of the product cost — includingthe labor, overhead, components and raw materials — from facilitieslocated in New Jersey.