New Jersey’s Solar Successor Incentive (SuSI) Program: What You Need to Know
New Jersey’s Solar Successor Incentive (SuSI) program makes going solar easier and more rewarding by providing homeowners with additional income for the electricity their solar panels produce. This program offers a reliable way to earn money while reducing dependence on traditional energy sources. Here’s a quick look at how you can benefit and why this program could be a game-changer for you.
SuSI Program Overview
For every 1,000 kWh your solar system generates, you earn one Solar Renewable Energy Certificate-II (SREC-II), which provides you with additional income. This incentive helps maximize your return on investment, making solar energy not only an environmentally responsible choice but also a smart financial decision.
Homeowners can earn $85 per SREC-II for 15 years. For an average 8 kW system in New Jersey, this adds up to around $10,900 over the system’s lifetime, or about $730 annually. That means you could save around $61 per month from the SREC-II incentive program alone, making solar a great financial investment for your home. Not only do you save on your utility bills, but the additional income from SREC-IIs also provides a reliable source of revenue to help offset the initial cost of your solar installation.
How Does the SuSI Program Work?
Your solar system generates electricity, and for every 1,000 kWh produced, you earn an SREC-II worth $85. SunFusion Energy handles selling these SREC-IIs for you, allowing you to enjoy the benefits without any hassle. Many homeowners find the process of selling SREC-IIs on their own to be complicated and overwhelming, which is why having SunFusion Energy manage everything for you is such a significant advantage. You will continue to earn SREC-IIs for 15 years, maximizing your financial returns and making solar energy a worry-free investment.
By allowing SunFusion Energy to manage the entire process, you can focus on enjoying the benefits of solar without the stress of paperwork or market fluctuations. This hassle-free approach means you can trust the experts to optimize your returns while you simply enjoy the savings.
How Much Can You Save?
Your savings with the SuSI program depend on your solar system’s size and output. For an average 6 kW system in New Jersey, you could earn over $7,000 from SREC-IIs over the 15-year period. Here’s how it works:
- A 8 kW solar system produces approximately 9,600 kWh of electricity annually.
- Over 15 years, taking into account the natural degradation of panels, this system will generate about 129,800 kWh, which equates to around 129 SREC-IIs.
- With each SREC-II valued at $85, you could earn a total of approximately $10,965.
- This breaks down to approximately $730 annually or about $61 per month, providing consistent financial benefits that add up significantly over time.
In addition to the income from SREC-IIs, you also benefit from reduced electricity bills thanks to the energy your solar panels produce. By combining savings from lower utility bills and the income from SREC-IIs, solar power becomes an even more attractive option for homeowners looking to reduce costs and increase energy independence.
How to Get Started
To take advantage of the SuSI program, SunFusion Energy will handle registering your system and managing the process of selling SREC-IIs. Selling SREC-IIs on your own can be complex and time-consuming, but with SunFusion Energy taking care of it, you can enjoy the financial benefits without any hassle. Our team of experts will ensure that you get the most out of the SuSI program, maximizing your earnings and helping you contribute to a cleaner environment.
Get Started with SunFusion Energy Today
If you’re considering going solar in New Jersey, the SuSI program provides a reliable way to earn extra income while reducing your carbon footprint. Schedule a free consultation to discuss your solar options and see how much you could save! Contact SunFusion Energy today to learn more about how you can benefit from solar savings and start your journey toward energy independence. Our team is ready to assist you every step of the way, making the transition to solar energy seamless and financially rewarding.sey, the SuSI program provides a reliable way to earn extra income while reducing your carbon footprint. Contact SunFusion Energy today to learn more about how you can benefit from solar savings.
Ready to learn more? Get a free consultation and discover how much you can save by going solar!