There are 3 purchase options available to switch to solar, and the best option for you depends on a variety of factors. You can either purchase the system outright with cash, you can finance the cost of the system with a loan, or you can sign a PPA (Power Purchase Agreement). Each options has it's own advantages and disadvantages, however we will be able to guide you through the best option based on your unique circumstances.
A Power Purchase Agreement (PPA) is a type of solar financing option where a third-party company owns, installs, and maintains the solar panel system on your roof, and you agree to purchase the electricity it generates—typically at a lower rate than your current utility. You don’t own the system—you’re essentially renting the power, not the panels.
The cost depends on your desired purchase option, however it is possible to switch to solar with $0 out-of-pocket.
It's not uncommon to cut your monthly electric bill by anywhere from 90% - 40%. The exact amount of monthly savings depends on a variety of factors relative to your home, your personal credit, and the amount of electricity used on an annual basis.
Yes, New Jersey is one of the leading states with some of the best government solar incentives available. Over 200,000 homes throughout New Jersey have already made the switch to solar, and there is a large push at the state level to increase clean energy as we cross into 2030 and beyond.
Yes, by installing solar panels on your home you are taking ownership of your electricity rate. You will avoid future rate increases from your electric company, and will be paying a consistent, predetermined monthly price for your power. In addition to locking in your electricity rate, you will also be paying a lower dollar amount each month.