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.
NJ Solar Electric is your one stop Solar System Intergrator. We are affordable and our service is second to none! We serve you no matter where you are in New Jersey: Absecon, Aberdeen, Alexandria, Allamuchy, Allendale, Allenhurst, Allentown, Alpha Borough, Alpine Borough, Andover Borough, Andover Township, Asbury Park, Atlantic City, Atlantic County, Atlantic Highlands, Audubon Borough, Audubon Park Borough, Avalon, Avon, Barnegat Light, Barnegat Township, Barrington Borough, Bass River, Bay Head, Bayonne, Beach Haven, Beachwood, Bedminster, Bellmawr, Belmar, Belleville, Belvidere, Bergen, Bergenfield, Berkeley Township, Berkeley Heights, Berlin, Bernards, Bernardsville, Bethlehem, Blairstown, Bloomfield, Bloomingdale, Bloomsbury, Bogota, Boonton, Boonton Township, City of Bordentown, Bordentown Township, Bound Brook, Bradley Beach, Branchburg, Branchville Borough, Brick, Bridgeton, Bridgewater, Brielle, Brigantine, Brooklawn, Budd Lake, Buena, Buena Vista, Burlington City, Burlington County, Burlington Township, Butler, Byram, Caldwell, Camden, Camden County, Cape May, Cape May County, Cape May Point, Carlstadt, Carteret, Cedar Grove, Chatham Borough, Chatham Township, Cherry Hill, Chester Borough, Chester Township, Chesterfield, Cinnaminson Township, Clark, Clayton, Clementon, Cliffside Park, Clifton, Clinton, Clinton Township, Closter, Collingswood, Colts Neck, Commercial Township, Corbin City, Cranbury, Cranford, Cresskill, Cumberland County, Deal, Deerfield Township, Delanco Township, Delaware, Delran, Demarest Borough, Dennis, Denville, Deptford, Dover, Downe, Dumont, Dunellen, East Amwell, East Brunswick, East Greenwich, East Hanover, East Newark, East Orange, East Rutherford, East Windsor, Eastampton, Eatontown, Edgewater, Edgewater Park, Edison, Egg Harbor City, Egg Harbor Township, Elizabeth, Elk, Elmer, Elmwood Park, Emerson, Englewood, Englewood Cliffs, Englishtown, Essex County, Essex Fells, Estell Manor City, Evesham, Ewing, Fair Haven, Fair Lawn, Fairfield, Fairfield Township (Cumberland County), Fanwood, Flemington, Florence, Florham Park, Folsom, Fort Lee, Frankford, Franklin, Franklin Lakes, Franklin Township, (Gloucester County), Franklin Township (Hunterdon County), Franklin Township (Somerset County), Franklin Township (Warren County), Fredon, Freehold Borough, Freehold Township, Frelinghuysen, Frenchtown, Galloway, Garfield, Garwood, Gibbsboro, Glassboro, Glen Gardner, Glen Ridge, Glen Rock, Gloucester, Gloucester County, Gloucester Township, Green Brook, Green Township, Greenwich Township (Cumberland County), Greenwich Township (Gloucester County), Greenwich Township (Warren County), Guttenberg, Independence, Interlaken, Irvington, Island Heights, Jackson, Jamesburg, Jefferson, Jersey City, Keansburg, Kearny, Kenilworth, Keyport Borough, Kingwood, Kinnelon, Knowlton, Lacey, Lafayette, Lake Como (formerly South Belmar), Lakehurst, Lakewood, Lambertville, Laurel Springs, Lavallette, Lawnside, Lawrence Township (Cumberland County), Lawrence Township (Mercer County), Lebanon Borough, Lebanon Township, Leonia, Liberty, Lincoln Park, Linden, Lindenwold, Linwood City, Little Egg Harbor, Little Falls, Little Ferry, Little Silver, Livingston, Loch Arbor, Lodi, Logan, Long Beach, Long Branch, Long Hill, Longport, Lopatcong, Lower, Lumberton, Lyndhurst, Madison, Magnolia, Mahwah, Manalapan, Manasquan, Mansfield Township (Burlington County), Mansfield Township (Warren County), Mantoloking, Mantua, Manville, Maple Shade, Maplewood, Margate, Marlboro, Matawan, Maurice River, Medford, Medford Lakes, Mendham, Mendham, Mercer, Merchantville, Metuchen, Middlesex Borough, Middlesex County, Middle, Middletown, Midland Park, Milford, Millburn, Millburn Township, Millstone Borough, Millstone Township, Milltown, Millville, Mine Hill, Monmouth Beach Borough, Monmouth County, Monroe Township (Gloucester County), Monroe Township (Middlesex County), Montague, Montclair, Montgomery, Montvale, Montville Township, Moonachie Borough, Moorestown, Morris, Morris Plains, Morris Township, Morristown, Mount Arlington, Mount Ephraim, Mount Holly, Mount Laurel, Mount Olive, Mountain Lakes, Mountainside, Mullica Township, National Park, Neptune City, Neptune Township, Netcong, Newark, New Brunswick, New Milford Borough, New Providence, Newton, North Arlington, North Bergen, North Brunswick, North Caldwell, North Haledon, North Hanover, North Plainfield, North Wildwood, Northfield, Northvale, Norwood, Nutley, Oakland, Oaklyn, Ocean City, Ocean County, Ocean Gate, Ocean Township (Monmouth County), Ocean Township (Ocean County), Oceanport, Ogdensburg, Old Bridge, Oldmans, Old Tappan, Oradell, Orange, Oxford, Palmyra, Park Ridge, Paramus, Parsippany, Passaic, Passaic County, Paterson, Paulsboro, Peapack-Gladstone, Pemberton, Pemberton Township, Pennington, Pennsauken, Penns Grove, Pennsville, Pequannock, Perth Amboy, Phillipsburg, Pilesgrove, Pine Beach, Pine Hill, Pine Valley, Piscataway, Pitman, Pittsgrove, Plainfield, Plainsboro, Pleasantville, Plumsted, Pohatcong, Point Pleasant, Point Pleasant Beach, Pompton Lakes, Port Republic, Princeton, Princeton Township, Prospect Park, Rahway, Ramsey, Randolph, Raritan Borough, Raritan, Readington, Red Bank, Ridgefield, Ridgefield Park, Ridgewood, Ringwood, River Edge, Riverdale Borough, Riverside, Riverton, River Vale, Robbinsville, Rochelle Park, Rockaway, Rockaway Township, Rocky Hill, Roseland, Roselle, Roselle Park, Roxbury, Rumson, Runnemede, Rutherford, Saddle Brook, Saddle River, Salem City, Salem County, Sayreville, Scotch Plains, Sea Bright, Sea Girt, Sea Isle City, Seaside Heights, Seaside Park, Secaucus, Sergeantsville, Shamong Township, Shiloh, Ship Bottom, Shrewsbury, Somerdale, Somerset, Somers Point, Somerville, South Amboy, South Bound Brook, South Brunswick, South Hackensack, South Harrison, South Orange, South Plainfield, South River, South Toms River, Southampton, Sparta, Spotswood, Springfield (Union County), Spring Lake, Spring Lake Heights, Stafford, Stanhope, Stillwater, Stockton, Stone Harbor, Stow Creek, Stratford, Summit, Sussex Borough, Sussex County, Swedesboro, Tabernacle, Tavistock, Teaneck, Tenafly, Tewksbury, Tinton Falls, Toms River, Totowa, Trenton, Tuckerton, Union Beach, Union City, Union County, Union Township (Hunterdon County), Union Township (Union County), Upper Deerfield, Upper Freehold, Upper Pittsgrove, Upper Saddle River, Upper Township, Ventnor City, Vernon, Verona, Vineland, Voorhees, Waldwick, Wall, Wallington, Walpack, Wanaque, Wantage, Warren County, Warren Township, Washington Borough (Warren County), Washington Township (Bergen County), Washington Township (Gloucester County), Washington Township (Morris County), Washington Township (Warren County), Watchung, Waterford, Wayne, Weehawken, Wenonah, West Amwell, West Caldwell, West Cape May, West Deptford, West Long Branch, West Milford, West New York, West Orange, West Wildwood, West Windsor, Westampton, Westfield, Westville, Westwood, Weymouth, Wharton, White, Wildwood Crest, Wildwood, Willingboro, Winfield, Winslow, Woodbine Borough, Woodbridge Township, Woodbury, Woodbury Heights, Woodcliff Lake, Woodland Park, Wood-Ridge, Woodstown, Woolwich, and Wyckoff.
A good deal after 30% tax credit and SREC income.