New Jersey Solar - It's HOT! - Here's Why
Do it for the EnvironmentMany solar electric projects are brought into reality by a conscientious company or homeowner wishing to reduce their dependence on fossil fuel. Fossil fuels are used by electric power companies to produce electricity. Installing a solar photovoltaic (PV) system reduces the amount of pollution caused while producing electricity. Achieving a "zero carbon footprint" is the ultimate goal, as it means zero impact on the environment.
Do it for Your Wallet
Going solar in New Jersey makes compelling financial sense too. A properly sized and designed solar installation will not only pay for itself, and not only save you money on your electric bill, but can actually make you money above and beyond your electric savings. Sounds amazing, we know, but it's true.
New Jersey solar systems pay for themselves quickly. How fast depends on many factors, but is generally between 4 - 7 years. New Jersey solar incentives and the 30% federal tax credit make preserving the environment and saving money both within reach. See our Solar Financial page to read how solar financials make excellent sense.
Get a Loan from PSEG. Pay it off with SRECs - Not Cash
Does PSE&G supply your electricity? If so, you can apply for their PSE&G Solar Loan to aid in purchasing your solar electric system. Better yet, if you qualify you can pay your loan using the SREC certificates your system generates.
Here's how it works: All solar electric systems earn certificates for the energy they produce, as mandated by the state of New Jersey. The certificates are called SRECs (pronounced "S-recks") and stand for Solar Renewable Energy Certificate. Utilities in the state of New Jersey are required to buy SRECs to comply with the state's ever increasing renewable portfolio standard.
With a properly installed solar electric system your loan payments can actually be paid with your SREC production. If you pay for your PV system outright you can still sell your SRECs in the market, albeit at market rates. (At time of writing SRECs are trading for about $500 - $600 each).
Solar financials are attractive, but there are many factors. Essentially, systems should pay you back and start saving you money in 4 - 7 years depending on the cost, design, and efficiency.
Please select from Commercial / Municipal / or Residential from the above main menu or call us at 201-736-9488 to discuss your solar interests.
