Leasing & Buying Options:
- Buy – Own your solar system and significantly reduce your electricity costs. You will also benefit short and long term by utilizing all the solar incentives.
- Lease – Lease a system with $0 down and benefit from solar energy savings without having to front any costs. Electricity costs will significantly reduce as well.
- Lease-to-own – This is the best of both worlds! Save money on your electricity bill with $0 out of pocket costs for the systems. Within 5-7 years, the solar system is yours!
Solar Power Purchase Agreements (PPAs)
Solar PPAs are agreements between a provider and a customer to purchase on-going solar power at long-term rates. Solar PPA providers install and maintain solar facilities on customer rooftops or properties. Customers pay only for the power generated by the facility—not solar equipment or installation.
Solar Financial Benefits
New Jersey has one of the best incentive programs for solar energy in the country. The Renewable Portfolio Standard is set to be 22.5% by 2021. Each state offers different incentives. By visiting http://www.dsireusa.org you can learn more about what is offered specifically on a state-by-state basis.
Federal Solar Investment Tax Credit/Solar Grant (ITC)
30% of the cost of the solar property as a tax credit or cash grant.
Solar Renewable Energy Certificate (SREC) Program
Earn one (1) SREC for every 1,000 kwhs your solar PV system produces. These can be sold or traded over a 15-year period; market price fluctuates based on supply and demand as well as RPS. For more information on the financial benefits of going solar and to gain a better understanding of your financing options, please contact EBR Energy.