Environmentalists are always telling everyone to recycle and do everything to reduce their carbon foot prints. Using solar panels is a great way to go green in NJ but the cost of a solar panel system can be astronomical. A growing popular solution for many people are solar leases. Solar leases allow homeowners to obtain a solar panel system from solar companies in NJ without paying the upfront purchase cost (i.e. tens of thousands of dollars).
A solar lease usually has a locked in rate for a predetermined set of time. Homeowners can extend the lease at a determined price or remove the solar panel system. New Jersey solar companies would pay for the cost of installation and retain ownership of the system. This way they would still receive any federal or state tax credits and alternative energy incentives. Homeowners receive the financial and environmental benefits of the solar panel system. Any additional power needed by homeowners would need to be purchased from the local utility company or if homeowners have excess energy they cans sell it back. Solar leases last from 15 to 20 years depending on several factors. If a homeowner sells their home during that time then the lease would transfer to the new owner upon credit approval or the homeowner could buy the lease.
There are many reasons to get a solar lease rather than pay the upfront cost of solar panel systems. Leasing is generally much cheaper and the terms vary based on credit ratings. Sometimes the systems can be had with no money down. When a homeowner leases they don’t have to worry about maintenance costs. New Jersey solar companies are responsible for fixing the systems whether they stop working due to damage or wear. Homeowners have no up keep worries. Also electricity is cheaper from solar companies and sometimes homeowners can get a guaranteed rate for 10 or 15 years. Solar leases can allow anyone to go green cheaply.
To help guide you in your quest for some NJ solar companies that offer solar leases, we’ve complied a list of some of the top solar companies in NJ:
- Trinity Solar installs systems that are eligible for REIP or the Renewable Energy Incentive Program or SRP also known as the SREC Registration Program. Trinity Solar is said to be the largest solar company in New Jersey. All systems installed by Trinity Solar have a minimum five year, everything included, warranty. Systems are specifically sized to produce the same amount of electricity homeowners typically use.
- Greenspring Energy services both homes and businesses. The company offers a wide variety of solar products and works one on one with customers to determine their solar needs. Generally, Greenspring’s goal is to give customers energy independence along with lower monthly energy costs.
- REC Solar is one of the top solar installers in the US. They are a trusted company in New Jersey and are committed to making the world more sustainable for future generations.
- Verengo Solar Plus has a holistic approach. The company attempts to make the whole home energy efficient via solar power to maximize energy bill savings.
All of these companies are high quality service installers and use Sunrun solar systems. If you want a simple way to see if any of the above New Jersey solar installers service your area, Solar New Jersey can put you directly in touch with these and other reputable and professional NJ solar installers who can help you go solar easily and economically.