New Jersey Residential Solar

                                                                  RESIDENTIAL SOLAR POWER

NJ residential solar even after the state rebate was recently eliminated, is still a good deal. Payback, although not as quick as commercial solar is about seven to eight years using today's standard. After eight years the solar power equipment is yours free of cost, delivering free electricity and cash for the balance of the fifteen (15) years of SREC (Solar Renewable Energy Credits) program in New Jersey.

We at NJ solar electric work with residential customers not only by providing quality service and Best of Breed type of installations, but by offering them different types of financing; PPA, Solar Lease, or using the customer's line of credit or equity. The above example is from a Solar Lease.

Residential Solar Leasing:

Solar leasing has a shorter path towards ownership as opposed to a PPA. It enables the residential owner the ability to capitalize on the huge incentives that is offered by our government at the federal, state, and local level. Solar leasing works this way: a customer signs a lease to own agreement where the tax credit and SREC income from a solar system can be deducted from the price of a solar installation. Using this method allows the residential owner to buy back the solar equipment from the lessor for one dollar ($1) at the end of the lease. From here on, not only will an owner enjoy free electricity, but also the positive cash flow from the State’s SREC’s.

Residential Solar Purchase Using Cash, Loan, or Combination:

When a customer can afford a solar purchase in cash, so much the better. They get to take advantage of the tax equity and SREC’s that a solar installation affords. If a residential owner cannot fully pay for a solar installation in full, then there are many loans out there that make sense. A person’s home equity loan or in the case of Solar Mortgages for example, allows a person to tap more than one hundred percent (100%) of the home’s equity. Loans from utility companies are also available. However, the problem with a loan like this is the administrative cost and the SREC’s that are used to pay it off. Not much is credited in the way the SREC’s are actually worth. We at NJ Solar Electric offer a fourteen (14) year warranty that includes all parts and labor to assure the home owner a headache free installation for many years.

Residential Solar PPA:

Solar PPA”s (Power Provided Agreement) has recently started to become very popular. Stores like Wal-Mart and cities like San Francisco use PPA’s. It enables them discounted power use without having the responsibility associated with maintenance so that they can focus on their area of expertise instead. They are able to forecast more accurately on what the electricity payments will be. For residential owners a PPA might also make sense; a reason why NJ solar Electric offers it.

We are your bridge to investment bank financing when it comes to PPA’s and Solar Leases. NJ Solar Electric is the premier contractor for residential solar integration in New Jersey. We install solar at an affordable price for our customers in New Jersey.
Click here: to fill out the request form for a free solar electricity estimate by answering a few questions. Let us help you “Power New Jersey Green with Clean Renewable Solar Energy"!
NJ Solar Electric is your one stop Solar System Intergrator. We are affordable and our service is second to none! 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A Division of Handymen of America

A good deal after 30% tax credit and SREC income.