No, the Pre-Paid Solar Lease is a lease—not a loan or purchase. The system is owned by a third party during the lease term. You prepay approximately 70% of the system cost upfront and have no monthly solar payments.

The system is owned by a third party during the lease term. You have an early buyout option beginning after year 6, as well as an end-of-term purchase option at fair market value.

No. Once you complete your prepayment, there are no monthly solar payments. You simply benefit from the energy your system produces.

Available commercial solar incentives and depreciation are utilized by the system owner (the third-party lessor) and applied as an upfront reduction to your lease payment. You do not claim the tax credit directly—the benefit is built into the program structure.

Your solar system produces electricity that offsets your utility bill. Savings and production vary based on your home’s energy usage, system size, weather, and local utility rates. Savings are not guaranteed.

Yes. In New Jersey, you retain ownership of your Solar Renewable Energy Credits (SRECs), which provides additional ongoing value.

No. There is no credit check or underwriting required for the Pre-Paid Solar Lease.

No. Unlike some financing options, no lien is placed on your property with the Pre-Paid Solar Lease.

The lease is transferable. If you sell your home, the lease can be transferred to the new owner.

Yes. The customer is responsible for maintaining system insurance as part of the lease agreement.

Green Power Energy designs and installs the solar system. After you submit a quote request, our team will contact you to discuss your project and provide a customized proposal.

Not yet, but it’s coming soon! We’re working to bring a similar Pre-Paid option to Connecticut homeowners. You can request to be notified when it becomes available.

This program requires domestic (American-made) solar equipment to ensure quality, reliability, and compliance with program requirements.