While purchasing solar panels can typically cost tens of thousands of dollars, with The Sunlight Advantage® homeowners will pay approximately $88 per month for a typical 8 kilowatt (kW) system over a 15-year period. That monthly rate is fixed over the life of the lease and includes all installation and maintenance costs.
Customers begin to immediately realize savings following the activation of the interconnect switch on their system to their utility’s meter. This solar technology is estimated to save homeowners an average of $35 per month, net after the lease payment, for a 8kW system based on today’s electric prices and typical homeowner electricity consumption. Savings will increase over time if electricity prices increase over the next 15 years. Possible net savings on electric costs can add up to $6,400 over the life of the lease -- all while generating clean, reliable power for your home.
Best of all, we'll take care of the whole process. NJRCEV will team up with one of our experienced installation partners to build and install a solar system on your roof. They will complete all the paperwork and obtain the necessary permits. Once the system is installed, you won't have to worry about a thing because maintenance and repairs are included in your lease.
Because NJRCEV owns the solar system, NJRCEV will realize the federal tax benefits and state incentives applicable to the solar panels, which are factored into determining the monthly rate. The customer's monthly lease payment will remain unchanged for the life of the lease regardless of the quantity of SRECs generated.
Those interested in learning more about The Sunlight Advantage should call NJRCEV toll free at 855-4SUNLIT. If you meet eligibility requirements, one of our installation partners will review the terms of the lease and, pending further interest, will conduct an on-site assessment to verify your roof qualifies for a solar system. Upon installation, NJRCEV takes full responsibility for solar system maintenance, repair and operation with no additional costs.