Don’t make an Investment in Solar if you don’t know or understand it. That’s right! We said don't. It's important to ask questions. The better educated you are, the better you can make the decision that is right for you!
How does solar energy work?
1. The Solar Panels on your roof/property take the energy from the sun (photons) and turns it into Direct Current (DC) Electricity.
2. That electricity travels to an Inverter, which changes that DC Electricity to Alternating (AC) Current.
3. The AC electricity (which powers your home/business and all your appliances) gets sent to Electrical Distribution Panel (EDP)in your home/business.
4. The extra electricity that your household does not use, gets redirected by your EDP and sent to the Electric Meter outside your house/building.
5. If you solar panels are producing more electricity than what your property needs, your meter will spin backwards while feeding the excess electricity to your Electricity Provider. Crediting your bill.
Your credited excess energy goes back to the grid until you use or sell it later in the future.
What are the risks and benefits of solar?
Yes, there are risks, like every other decision and action you make. What matters is, do those risks outweigh the benefits?!
1. Money: There is no money out of pocket, but when you purchase, you are taking a loan. Unless you’re paying the total sum out of pocket. Initially you are making a huge investment. If you are not financially stable and organized, you are essentially putting yourself in a tight position. That is why we make sure you have a strong credit and meet qualifications. If you lease, you don’t need to worry about a bold investment but, you risk losing the opportunity to make a profit.
2. Company: If you don’t pay attention to whom you are investing with. Then you are taking the risk of not getting your money’s worth. When investing in solar you should also take notice that you are investing your trust in a credible professional of the field. If not, you risk not only your solar investment, but any part of your property that are affected by it.
1. Your bill: You considerably lower or eliminate your monthly electric bill. This means MONEY in your pocket each month!!!
2. Cost: If you purchase, the state provides performance based incentives and the federal government provides a tax credit.
3. Profit: If you lease, you save money. That’s more money in your pocket. If you purchase, you save AND make money. So, that’s more money in your pocket and the system pays for you!
4. Value: If you own it, and you decide to sell your property after you pay off the panels. You can sell it with the property and because your property value would probably increase.
5. Quality: Its durable, last 25yrs and you don’t even need to touch it. Like getting a car you never drive, but pays for itself, cleans itself, saves you money, and makes you money!
6. Environment: You do your part in preserving the nature that we and our following generation need to survive.
7. Opportunity: This is an investment that you can manage in many ways that can gain you WAY MORE benefits.
HOW do you maintain solar panels?
That should not be your problem! If you are with the RIGHT company, and you think something needs to be checked or taken cared of with your system, CALL THE COMPANY! The right company does not recommend you touch the panels at all. For the most part, over time the panels clean themselves and continue to operate. If 10 years go by and it is time for a checkup, your solar company should be handling that. All the maintenance you are responsible for is giving a call, IF you feel the need to, and having a little patience. If your company does not want to take responsibility for the maintenance of the panels, then that is an issue. You need to check and take care of.
- Review your contract and know what services you paid for.
- Speak to someone qualified to understand the details of your contract before you address the issue.
- Address the issues.
Aside from that, if you REALLY want to touch the panels, call the company and be gentle. Again, we can’t stop you from touching them or the system but, we STRONGLY ADVISE you NOT to. So, if you are absolutely adamant on not letting the panels clean themselves or waiting for a technician, treat the panels delicately. You are not a professional solar technician, so you don’t know how and what kind of damage you can cause. Outside the focus on panels, during winter the melting of the snow may cause longer icicles on your roof edges. Just take a stick, scrape it off in the morning and good to go!
how does it affect my property of my house?
It’s a BONUS! Seriously, in almost every aspect, solar panels are an improvement to your house or property.
How does it affect your roof? BONUS! You are basically adding an extra layer of roofing to your house that’s slides away half your seasonal roof work. What if you want to sale and move away? BONUS! Solar panels increase the value of your home/property because of how valuably functional they are.
How Do Solar Panels Affect My Property and Its Value?
Solar panels are an improvement to your NJ house and property, because solar energy is almost free after your panels are installed. To defray part of the cost of installation, ask your tax professional about the substantial federal tax credits you can take on the total installation cost. There are also state and local incentives and rebates on energy bills that can save you more on solar installation. Your local solar energy expert at Solar Me has the latest details on savings/rebate programs for new solar installations for New Jersey homes.
7 Major Advantages of New Solar Panels for Your NJ Home
- Reduce or eliminate your energy bills. Even on cloudy days here in NJ, you can still generate solar power. If there are only a couple of sunny hours or only indirect sunlight hits your home, the panels still produce some energy. If your home needs a bit more power, it comes from your typical power-company electrical grid.
- Get hefty federal, state and local tax credits: You can take 30 percent of total solar energy system costs for your primary home as a federal income tax credit (installation plus equipment with no upper limit). For other credits, ask your solar installer about the latest state and local incentives for residential solar energy.
- Begins paying for itself right away: You start saving immediately after NJ solar panel installation--due to sharply lower energy bills. Once your tax credits and utility bill savings equal your installation costs, you can actually profit from your solar panels.
- Add to home resale value: Your home should sell faster with a solar energy system already installed--and that fact has value on its own. In addition, you can ask a higher price for your home. Some estimates say homeowners gain about $6000 per kw of system capacity in additional home resale value for solar. How's that for positive solar panel ROI?
- Help the environment: Solar power is natural and clean energy from the sun. By using solar energy to power your NJ home, you are lowering greenhouse gas emissions and reducing our country’s need for fossil fuels.
- Long Term Performance Guarantee: Solar panel manufacturers often provide up to a 25-year warranty, and the actual lifespan of solar panels is much longer, up to 30 or 40 years with minimal maintenance.
- Easy to get started: See below.
Get Expert Advice on Solar Energy Installation in NJ
Bottom line, you can receive excellent solar panel ROI (return on investment) in your NJ home. To get the details as they apply to your particular NJ house and property, contact us for a no-charge estimate. You can learn your installation costs, solar energy generating capacity and tax incentives. Contact Solar Me in NJ today at 844- 976-5276 for a FREE consultation.
How are the solar panels made?
It’s important to know what exactly is going on your property before you invest and use it. That being said,…no worries! the materials do not cause radiation or turn you green like the HULK!
If you want to know how the parts of the panels are made, this is a link to a site that provides the details/answer you are looking for:
As for what the parts are, this is a typical layout of the inside of a photovoltaic (PV) solar panel.
p- type semiconductor
How do season and weather changes affect solar panels?
The sun is not going to shine every day of the year. Solar Panels are built to sustain in rain, snow, wind, sunlight, and heat. The seasonal changes that we experience outdoors are not a reason to be concerned when it comes to your solar panels.
- Your panels should be warranted for 25 years and most companies insure them for about 10 years. This means that even if something does happen to your panels, your solar providers take care of that. Unless of course, you take a bat to them and try to call it an accident!
- Panels are like an extension of your roof, meaning they are made to last and withstand the “tests” of nature:
- Snow: Slides off when panels are positioned at an angle. Can withstand over 700 pounds of snow if needed. The parts used for the system are encased with material that are made to withstand harsh temperatures. Since the panels are always working and have a black surface, they will always attract and produce heat. Making the lifespan of snow very short on its surface. In addition, studies show that solar panels operate better in colder temperatures.
- Rain: Is your free cleaning service from mother nature. The panels and other system parts are water proof. So, when it rains, it is mother nature making sure that dirt stays off your stuff. On top of that, rain reflects those cloudy days’ sunlight. So, since sunlight is what your panels need…Bonus! Since the system is constructed to be an extension of your roof, you don’t need to worry about leaks. So long as you choose a company that is credible and will properly inspect your property and install your system.
- Heat: Yes, the system can overheat…after outside temperatures reach 107˚F. Even if you live in the dessert, there will be a more major concern if it starts to get that hot. Even so, not only are the panels made adaptable to heat, they are also distanced from flat surfaces to allow air to circulate and ventilate the panels in EXTREME heat conditions to avoid that issue.
- Sunlight: Solar panel use sunlight as an energy source. If you can see your hands, then there is sunlight. Also, by ESTIMATE, in NJ we get at least around 205 days of sunlight. Regardless of snow, rain, wind, and any other weather conditions. That’s more than enough time to use and while saving electricity for the remaining 160 days.
WHY CHOOSE SOLAR ME?
Our team is continuously trained on educating you. We want to help you make the RIGHT decisions on investing that will benefit you now and in the future.
Find out more about us in our ABOUT US section of this website and from our reviews online in other social medias like:
We work with the New Jersey Clean Energy Program, have NABCEP certified solar technicians, are accredited by the BBB, and have educated professional HONEST team leaders! CONTACT US NOW! We are always ready and waiting FOR YOU!
Why not Go Solar?!...Aside from very few people whose individual circumstances cause reason to not go solar NOW, or unfortunately go into the wrong contract with the wrong company, there are only positives for going SOLAR. All that really matters when going Solar is; HOW you go Solar, WHEN you go Solar, and WHO you invest in Solar with!
By going Solar:
You save thousands of dollars!
You start saving from day one!
Have Low payback period!
You increase your home value!
You get to take advantage of incentives!
You make a secure investment!
You have guaranteed performance!
You help Save the Environment!
You create energy independence!
And It’s a simple process!
New Jersey Solar Rebates and Tax Incentives
Despite its orientation and relatively unfavorable geographical location in terms of sunshine exposure, New Jersey is among the leading states when it comes to solar energy consumption.
Since 2010, the state has seen more than 50% increase in the number of solar installations and this is largely attributed to the state’s aggressive incentive and rebate programs. Although a good number of the residents in NJ have installed solar panels in their homes, a good number have not dared to take the bold step because of the lack of sufficient information on the solar financial rebates and tax programs. So, what are the solar rebates exactly? How is the tax incentive applicable?
New Jersey Solar Rebates
In-order to encourage the installation and use of solar energy in homes, New Jersey offers lucrative incentives and financial rebates to both commercial and residential properties that adopt solar energy and other renewable energy sources. The financial rebates range anything from $100 tens of thousands depending on the size of the energy system and the program adopted.
There are very many organizations and financial institutions in New Jersey that are championing the solar energy campaign and together with the state, they offer a number of financial incentives and rebates depending on the nature of facility and performance of the solar systems. These include utility financing programs such as the ACE, JCP&L, RECO, Edison Innovation Clean Energy Manufacturing Grants and performance-based incentives such as the grid-connected renewable programs.
Other rebate programs include the Energy Star Homes Programs, Energy Star Product Rebates, WARMADvantage Program and many other programs. The state offers loans and grants as well to encourage the installation and consumption of renewable sources of energy.
New Jersey Tax Incentives on Solar Energy Systems
Tax incentives, just like the financial rebates, are aimed at encouraging more people to adopt sustainable renewable energy systems like solar.
New Jersey waives sales tax for solar panels and reduces the property tax on all commercial and residential properties which have solar energy systems installed.
The tax incentive is so good that some eligible renewable energy systems get a property tax exemption of up to100% of the value of their renewable energy systems. These systems are not limited to solar but other sustainable systems such as geothermal, hydroelectric, tidal systems and biomass.
The rebate programs and tax incentives have really attracted large numbers of people to install renewable energy systems in their properties. If you want more information on the tax incentives and rebate programs in New Jersey, then you should visit your local assessor’s office for more information. Alternatively, you can visit their official website and fill out the forms to get your property assessed and get started. Embrace clean and renewable energy systems today for a sustainable future.
How long do solar panels last?
Great question! As a smart consumer, you should never invest in a product that does not last. If your investing in ground beef that has a sell by date for tomorrow and tonight is meatloaf night, then it’s ok. If you’re making an addition to your property, you should demand more than even just a few years.
The average solar panel is functional and warrantied for 25 years. Based on a study done by the National Renewable Energy Laboratory (NREL), solar panels lose about 0.5% efficiency per year. That means at the end of 25 yrs., you will still have 88% efficiency from your panels. Does your car do that?
As for your inverter, they last from 10-15 years. Unlike your panels, they do not slowly degrade until they stop, they just stop working. At which point your solar system provider should come and replace it. As part of your insurance and warranty with the company that installs it.
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which is better: lease or purchase?
Honestly, that all depends on you. It’s important for you to know where you are financially and what your plans are, or where they will take you in the foreseeable future. Those are the factors that will determine which deal is best for you! That is why it is important to sit down with someone who can consult you on what your options are and how they will each affect you!
Generally, there are three main contract types in going solar.
1. Basic Lease
2. Power Purchase Agreement (PPA) a.k.a Fixed Rate Lease
3. Complete Purchase
Basic Lease: This is basically like leasing a car from a dealership. The solar company is the dealership and the electric company is the gas station. Meaning you basically “rent” your panels from the company for a price and if your panels size do not eliminate your electric bill, you pay the electric company also. However, you will always pay less and save money at the end of the day. The contract term is usually 15-20 yrs.
Benefit: $0 down payment; lower cost for system compared to ownership. You pay less for electricity, the company is responsible for panel care.
Points to Notice: You have two bills; a bill from your 15-20-year contract and your service charge from your utility company.
PPA: This contract is like a partnership. A lot like a basic lease, except you basically switch out your electricity provider to the owner of the panels. A third party buys the panels for you and in exchange they provide you a fixed lower rated price compared to the electric company. The contract term can range from 10-20 years.
Benefit: $O down payment; lower cost for system compared to ownership; panels are not your responsibility. Regardless of what the panels produce, your bill is the same.
Points of Notice: You pay to a third party;10-20 year contract; ALL benefits of ownership goes to third party owner.
Complete Purchase – In this contract, you become the owner of the system. Usually $0 down payment, but you pay installments for the ownership. Like buying a car, you apply for a loan and finance the system. You get all the benefits of going solar. Like access to the SREC system, the Federal ITC program, and Rebates. This ownership contract is for 25 years.
Benefits: $0 down payment; You are the owner - No third parties. Lower electricity bill; company responsible for maintenance, SREC access; Federal ITC program Rebates.
Points to Notice: Larger loan amount; higher standards for qualification.
Every company has different variations of how they proceed with each contract. Again, what is important is knowing your financial standing, your plans for your life and home, and being properly educated before making a commitment. Study about going solar and speak to a professional about what your best options are and how they each affect you. Now and in the future. Going Solar is always a great investment, but how you invest is just as important!
what about my insurance?
Insurance coverage for solar energy systems vary depending on where you live and what kind of property you are installing it to.
For Private Property – Like a house or an open yard instillation, the terms vary depending on where on the property the panels are, the people that live there, the current insurance that you have and a few other things that can affect what your insured on. Generally, the solar panels are “umbrellaed” as part of your current home or property insurance plan.
For Commercial Property – For the most part, the process is just like that of a home solar plan. Expect the determining factors are based on a company insuring mindset. However, just like for a private property, your solar energy system generally gets “umbrellaed” into part of your current insurance plan.
For the most part, your insurance for your solar energy system is dependent on your individual qualifications, but generally insure you for the basics. Like the aftermath of a storm. So, to really understand how your panels will be insured, speak to a professional of the company that you chose (and trust) and discuss how and what you are insured for.
Yes, SolarME has qualified professionals to assist you!
CONTACT US! (844) 976-5276