Imagine enjoying the energy you generate on sunny summer days while using those credits to power your home during the winter months or any time your system produces less energy than you need.

With net metering, every kilowatt-hour of excess energy you contribute to the grid earns you valuable credits. These credits not only offset your electric costs, but also cover both delivery and supply charges for each kilowatt-hour.

To dive deeper into the benefits of net metering, check out our insightful blog article at https://finray.solar/articles/what-is-net-metering-and-is-it-worth-it-for-solar-owners/ .

The 30% Federal Tax Credit lets you claim 30% off your system’s cost, helping you lower your federal income tax return. For instance, if your system costs $20,000, you could receive a tax credit of $6,000. Keep in mind that this tax credit may disappear after 2025 if Congress decides to eliminate it!

A SREC is a financial incentive that helps homeowners earn money from the sale of extra energy produced by their rooftop panels. They can earn 1 SREC for every 1 MWh or 1000 kWH of electricity their solar system generates.

For example, if a New Jersey home has a system that generates 6 MWh (6,000 kWh) in a year and SRECs in that state sell for around $250, they could earn 6x $250= $1500 per year!

Learn more about SRECs: SRECs: What Are They and Why Should You Care?

The Successor Solar Incentive Program (SuSI) gives you one SREC II for every kWh generated by your system for its first 15 years (price determined by the New Jersey Board of Public Utilities).

Warranties for panels typically cover 25 years and come with power performance warrantees! Inverters come with 15-25 year warranties, and our installers guarantee their work and provide roof penetration warranties of 5-10 years.

If you choose a lease agreement versus a purchase agreement, everything is guaranteed for the lifetime of the 25 year lease, including maintenance, insurance and performance (at the cost of lower lifetime savings).