Lease Programs – No Out of Pocket Expense
You can have Solar PV installed on your home for no money out of pocket and take advantage of a reduced electric cost that is set for 20 years. You will pay a monthly lease for the system installed on your property and this lease will save you over 30% of the cost to purchase the same amount of electricity from your current utility company. The system*, installed at no cost to you, can provide up to all the power that you need, dependent on the amount of roof space that you have available.
- NO Upfront Costs
- NO Installation Costs
- Known monthly payments for the life of the lease
- Solar energy produced typically saves you an average of 30%
- All maintenance and repairs included at no cost to you
Homeowners are able to have solar pv installed on their home for NO installation cost. You agree to lease the system from NJ Clean Energy Ventures for a period of 20 years at a known monthly payment. The substantial savings, compared to purchasing the same kWhs from the utility company, will continue to increase if the rates charged by the utility increases yearly. All maintenance and repairs (if any) are the responsibility of NJCEV. To qualify, your roof must be facing a southerly direction and be in good condition, it cannot have any shade from surrounding trees or obstructions, and you must have a favorable credit rating. If you have a large homesite, and you wish to generate all the energy that you use in a years time frame, a ground mounted system can be designed to do so. (If local zoning permits)
Non-Profit Organization PPA
Due to government regulations, Non-profit organizations are not eligible to take advantage of all the tax benefits associated with purchasing a solar pv system. Because clean energy is good for the Earth and can also be a money saver, Non-Profit organizations are eligible to participate in a PPA (Power Purchase Agreement). The “Host”, the non-profit organization, agrees to purchase all the kWh produced by the solar pv system every month at an agreed upon rate from a company who owns the system. The cost for this on-site generated clean energy will save the Host money off the cost of purchasing the same amount of kWhs from the utility company. If the utility company increases their rate at their historic levels each year, the Host will see increased savings every year. We will assist you in analyzing your current electric bills to show you how you can save money for the organization without any cost of installation.
NO out of pocket costs, NO installation costs, NO maintenance or repair costs.
*Subject to credit approval