Financing Options to buy Home Solar Panels System in NJ
Solar energy has hit the mainstream, and according to the Solar Energy Industries Association (SEIA), solar energy now powers more than 371,251 homes in New Jersey (Source: https://www.seia.org/states-map). Solar panels, once limited to affluent consumers and strong environmentalist values, are now far less expensive than before and are helping customers’ save huge money on their electricity bills. New Jersey State is amongst the top 5 states to harvest the benefits of solar and the demand for best solar panels in NJ is growing. There are different financing options available to obtain your solar power system. Understanding how each option works is essential before you consider making a switch to solar. Below are the best 3 financing options from Suntuity to buy home solar panels systems in New Jersey.
Leasing Solar Panel
Solar panel system on lease is a great solar financing option for homeowners who prefer no upfront costs and want their payments fixed on an annual basis. Its benefits include: Complete care and insurance for the solar system. No maintenance/repair requirements. Complete warranty on the solar system for 20 years. Fixed monthly payments Power Production guarantees You collect the Savings!
Power Purchase Agreements
One of our most popular solutions is the PPA. It’s a great solar financing option for people who wish to switch to solar energy without any upfront cost. Its benefits include: You pay only for the power generated. Complete care and insurance for the home solar panels system. No maintenance/repair requirements. Complete warranty of the solar system for 20 years. You collect the Savings!
Solar Loans are a great way to finance solar power. No money down options is available. Suntuity offers a variety of solar power financing so you can choose a payment plan that fits your needs. If you pay federal taxes, a solar loan could be the perfect option to help monetize a 30% savings for your solar system. Its benefits include: Low monthly payments. No upfront costs. Take advantage of all state and federal incentives that could significantly reduce the total cost of the system for you. Own your system and increase value in your home solar panels Maintenance programs built into the program available