Why SunSaver™ Loan is a Smart Choice for Homeowners in New Jersey
Going solar has never been more affordable and beneficial. This blog will tell you why SunSaver™ Loan is the Smart Choice for Solar Homeowners in New Jersey. If you’re considering making the switch to solar energy, you’ve likely come across a variety of financing options. But which one is the best for you? Today, we’re diving into the SunSaver™ loan and why it stands out in the crowded world of solar financing.
The SunSaver™ loan is a unique solar financing option that combines the best features of traditional loans and leases. With low initial monthly payments and a predictable payment increase of just 2.9% annually, the SunSaver™ loan makes it easier to save on energy bills from day one while keeping your budget intact over the long term.
Unlike traditional leases or PPAs that don’t offer ownership, the SunSaver™ loan gives you full ownership of your solar system. This means you’re not just saving on your energy bills—you’re building equity in your home. Plus, you’ll enjoy tax credits, rebates, and potentially increased property value, further improving your ROI.
How Does SunSaver™ Compare to Other Loan Options?
When comparing solar loan options, SunSaver™ stands out in several key areas:
- Lower Initial Payments: With SunSaver™, you start at just $159 per month for a 14.76kW system*, which is lower than most utility bills. In comparison, other solar loans with a fixed 4.99% APR can start at around $195/month. This means immediate savings in your pocket, right from the start.
- Predictable Annual Escalator: While SunSaver™ payments increase by 2.9% annually after the first 16 months, this is still lower than the average utility price increase of over 4% per year, making it easier to budget for the future.
- Long-Term Benefits: With ownership comes long-term value. Solar systems can increase your home’s value, and you can benefit from federal and state incentives. Homeowners can also potentially sell their solar-powered homes at a premium if they decide to move.
- Flexibility with Add-Ons: SunSaver™ allows for custom solutions to include roofing, battery storage, and energy-efficient upgrades—something other financing models, like leases and PPAs, often restrict.
Why Choose SunSaver™?
If you’re looking for immediate savings, long-term financial benefits, and ownership equity, the SunSaver™ Loan is the smart choice for solar homeowners in New Jersey. Whether you plan to stay in your home for decades or move in the next few years, you’ll benefit from owning your solar system. Not only will you save money, but you’ll also increase the value of your home—making it a win-win situation for homeowners who are ready to make the switch.
Ready to Go Solar?
Whether you’re wondering if solar is worth it or are ready to make the switch to solar today, ShopSolar.ai is here to help. With growing incentives and decreasing installation costs, there’s no better time to explore how solar can transform your energy use and costs. Enter your address on the form to find out if you’re ready for solar energy for your home.
*Results vary. Terms and conditions apply.
