While purchasing solar panels can typically cost tens of thousands of dollars, with The Sunlight Advantage® homeowners will pay approximately $85 per month for a typical 8.5 kilowatt (kW) system over a 20-year period. That monthly rate includes all installation and maintenance costs.
Customers begin to realize savings immediately following the activation of the interconnect switch on their system to their utility’s meter. Based on today’s residential electric prices and typical homeowner electricity consumption, solar technology is estimated to save homeowners an average of $50 per month, net after the lease payment, for a 8.5 kW system. Savings may increase if electricity prices increase over the next 20 years. Possible net savings on electric costs can add up to more than $10,000 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.
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.