Free Solar Energy Educational Information

If you are just beginning to research the installation of a solar electric system in New Jersey, the first thing you probably need to know is how much it will cost.

The short answer: it costs you essentially nothing (over time).

The long answer: The initial investment cost for a homeowner is usually between $30,000 and $65,000. However, you get almost half of that back right away via government rebates. In New Jersey, still more of your investment gets returned to you through the SREC program by selling certificates to the utilities. You make your power using free fuel from the sun. Add up the benefits and you will find they quickly pay you back your initial investment. So what does it cost over time?

The "cost" of the system should be looked at holistically as an investment. Solar will actually earn you money over the life of the system. Most solar systems reach a "break even" point after about four to five years (where your solar panels have paid for themselves and profits begin to come back to you). When you pass the break even point, you continue to generate electricity and earn money through SRECs for years. The initial "out of pocket" cost can be through our same as cash program or financed as a home equity or business loan.

Factors that affect how much money you will earn from your solar electric system investment in New Jersey include:

Value of SRECs
Federal Solar Energy Credits or Grants
Your electric use
Number of solar modules that will fit on your roof
Size of your budget
Does your roof face South?
Is your roof shaded by trees or buildings?

For more information about the actual breakdown of the costs and benefits of installing a solar electric system you may contact us at any time. Solar PV (Photovoltaic) systems are always custom designed to fit your personal style, roof and budget. Email or call us today at 732-384-9506.