New Jersey Solar PV Rebate Levels Adjusted

[RenewableEnergyAccess.com] Slight changes to New Jersey’s generous Customer On-site Renewable Energy program (CORE) solar photovoltaic (PV) rebates will take effect on July 1, 2005. The rebate levels are designed to encourage greater price competition among installers. The new rebate calculation methodology no longer employs a percentage cap. The new rebate level is calculated solely as a dollar per watt and no longer results from the lesser of $5.50 per watt or 70 percent for systems less than 10 kW. As a result, applications using the new rebate levels are no longer required to submit invoices or proof of payment. After July 1, 2005, self-installation rebate levels are solely calculated using the 15 percent reduction of the appropriate dollar per watt option. Applications using existing rebate levels will be accepted until the close of business on June 24, 2005. No applications will be accepted between June 25, 2005 and June 30, 2005. For the full list of updated rebate levels depending on installed system size, see the following PDF at the following link.
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