Have you ever wondered what No Out Of Pocket costs really mean?
After all, it sounds like its for free….right?
Well, lets take a closer look this explanation on how to install solar panels on your home and get another home project at No Out of Pocket Costs.
Yes, its real, legitimate, and very popular strategyÂ
No out of Pocket Solar PLUS another home project
- Solar Loan or Lease is taken out by you
- No Money down needed
- The result of the new loan or lease payment merely takes the place of the electric payment you were already making to the electric company
- The loan or lease payment will never go up.
- Electric is reducedÂ
- 30% IRS Tax credit
- NJREC Cash rebates over 15 years
- 10% increase in your home value
- You receive new home project (roof, siding, kitchen, etc)
Typical Average Scenario
Solar Loan
Solar Lease
Old Electric Bill:Â Â $150
New Electric Bill:Â Â $15*
New Solar Loan:Â Â $150*
30% Tax Credit:Â Â $15,000*
NJREC Cash back:Â $9,000*
Increase in Home Value:Â 10%**
Money down for Solar Panels and   New Roof: $0
25 year solar panel Warranty
Loan is transferable upon sale of home
Old Electric Bill:Â Â $150
New Electric Bill:Â Â $15*
New Solar Lease:Â Â $110*
30% Tax Credit:Â Â $0
NJREC Cash back:Â $0
Increase in Home Value:Â 10%**
Money down for Solar Panels and   New Roof: $0
25 year solar panel Warranty
Lease is Transferrable upon sale of the home
- *The above example indicates the average the previous people we have helped. Your situation may vary dependent on what your actual electric bill is, what the total cost of the solar panels are that are needed to reduce the electric bill to close to zero, the material and labor costs of the new roof, and of course…what your credit profile is. Â
- Â **10% increase in home value calculation is based on a recent CNBC article
How to get started on a Free Solar Analysis
- Need a copy of your electric bill with your name on it and a copy of the page that shows the Graph usage
- We will prepare a solar analysis and proposal