Good news Garden State residents, our beloved New Jersey is second only to California in installed solar, but number one in solar installed per square mile. One of the reasons is that incentives are accelerating the payback period.
Considering all three sources of funding, their contractors estimate
that it should take the couple a little under five years for the solar
panels to pay for themselves. “We thought it would take longer, like 10
to 12 years,” adds Bob.
There’s something in it for businesses too:
For its distribution hub in Woodbridge, N.J., FedEx Ground has a similar deal. The company is allowing BP to install and operate a solar power system on its roof, while FedEx Ground buys the energy created to power its building.
“It’s less expensive than getting power from the utility,” says Paul Viccaro, managing director of facilities at FedEx Ground. FedEx has three other facilities with solar roofs, all located in California.