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Should I Finance My Solar with a Home Equity Loan or a Solar Loan?

If you are thinking of going solar, it could mean thousands of dollars in costs. That money is not something that every homeowner can afford to pay, especially in cash. However, that doesn’t mean that there aren’t any financing options to help you go solar. In this article, you can find out whether it’s a good idea to finance going solar with a home equity loan or a solar loan.

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Green Power Energy Recognized as a 2018 Top Solar Contractor in Annandale, NJ

[Annandale, New Jersey]—More than 10,600 megawatts of solar power were installed last year in the United States, and local installer Green Power Energy has been recognized by Solar Power World magazine for its contributions to the industry. Green Power Energy achieved a rank of 202 out of 450 solar companies on the magazine’s 2018 Top Solar Contractors list. This is up 59 spots from last year’s rank of 261.

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Selling a Home with Solar Panels

Solar on homes in New Jersey has been increasing in popularity year after year. There are now over 100,000 home solar systems in New Jersey and over time, homeowners will eventually move with the solar panels still attached to the roof. But what happens when you want to move from your house with solar panels or want to purchase a house with solar panels? The most important thing to consider off the bat is that solar panels will generally increase the value of the home.

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Cleaning Your Solar Panels

Home solar systems in NJ are virtually maintenance free. This is because there are no moving parts in a solar array. A solar installer should be using flashings underneath each panel to protect against leaks, they should use panels warrantied for 12-20 years, and strong solar inverters. With the components of a high quality, the risk for failure quite low. However, one piece of maintenance that may be required is the cleaning of the solar panels.

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Solar Shingles

Solar Shingles or Photovoltaic shingles to be more precise are essentially solar panels which are specially designed and manufactured to perform the dual function of being roofing material and an electricity producer at the same time. Solar Shingles fall into the category of Building Integrated Photovoltaic (BIPV) solar energy solutions.

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Solar Incentives in New Jersey

New Jersey is one of the leading states in the US in terms of solar installation and the promotion of renewable energies. It is one of seven states with an active open SREC market. This is helping to achieve the green NJ initiative along with other supportive solar incentives from the state and federal governments. New Jersey’s state government is determined to go forward with its active SREC program.

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The Residential Solar Installation Process

If you are planning to install residential solar panels in NJ this is the normal installation process completed by the installation company in order to get your system online, operational, approved, and eligible for incentives like SRECS.  Be sure the residential solar energy company you are dealing with offers a full turnkey service or these tasks may need to be completed by the homeowner.

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What Is A Solar Loan?

Going ѕоlаr has mаnу bеnеfіtѕ – bоth fіnаnсіаl аnd еnvіrоnmеntаl. Going ѕоlаr means уоu could роtеntіаllу еlіmіnаtе оr rеduсе your electric bіll, іnсrеаѕе уоur property vаluе and рrоtесt уоur household аgаіnѕt rising еnеrgу costs. Thеѕе dауѕ it’s аll about уоur carbon fооtрrіnt, ѕо going ѕоlаr wіth Grееn Pоwеr Enеrgу іn NJ is a grеаt way tо rеduсе іt!

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