INVEST IN YOUR HOME NOT THE ELECTRIC COMPANY

The cost of a solar energy system varies depending on the size of the system, the specific components, and the installation location. Generally, the cost of a residential solar energy system ranges from around $16,870 to $23,170 after taking into account the federal solar tax credit, with an average solar installation costing about $20,020

The amount of money you can save with a solar system depends on several factors, such as the size, location, and efficiency of the system. Additionally, the amount you can save will depend on the rate you pay for electricity from your utility company. As a general rule, solar systems can save homeowners 20% to 70% on their electricity every year.

Solar panels are made to last more than 25 years. 1 Not only are solar panels remarkably reliable, solar panel longevity has increased dramatically over the last 20 years.2 In addition to decades of effective performance, many solar manufacturers back their products with performance guarantees in their warranties.

Maintenance costs vary depending on the type of solar system installed and the number of components. Generally, the cost of regular maintenance and repairs is relatively low, but it is important to factor in these costs when considering the overall cost of a solar system installation. Most manufacturers offer warranties on their equipment, so be sure to check with your installer for details.

Owning a solar system offers long-term savings on energy costs, while leasing a solar system offers a shorter-term option with less upfront cost. Both options come with potential incentives and credits, so it’s important to research the pros and cons of each before making a decision.

Depending on the state you reside in, you may be able to transfer the solar system to the new homeowner or may be able to reclaim the fair market value of the system at the point of sale. It is important to speak to an expert in your state to understand the specific laws and regulations regarding the sale of a home with solar.

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The time required for solar installation depends on the complexity of the project. An average installation time is typically between 1-3 months. However, it may take longer depending on the size, complexity and other factors.

Yes, installing solar panels may increase the value of your home. Depending on the size and efficiency of your solar system, it can increase your home’s value by up to $9,200 or more.

New Jersey offers a full exemption from the state’s sales tax for all solar energy equipment. This exemption is available to all taxpayers. All major types solar energy equipment, including equipment for passive solar design, are considered eligible for the exemption as described by the New Jersey Division of Taxation Publication

Yes, you can monitor your solar power system using specialized monitoring equipment. This equipment will allow you to view your system’s performance, detect any potential problems, and adjust settings as needed.

If the power goes out due to a grid outage, your solar system will automatically switch to its backup power source. Depending on the type of system you have, this may be a battery bank or a generator. If you have a battery bank, the solar panels will continue to charge the batteries until the grid power is restored. If you have a generator, you may need to manually switch it on during an outage.

There are No upfront costs associated with installing solar panels, such as the cost of the panels and the cost of installation. In New Jersey there are incentives & rebates available that can help to offset the upfront costs. Additionally, many solar companies offer financing options that can help make the installation more cost-effective.