Backup Power for Your NJ Home: Solar Battery Backup & Battery Storage

Purchasing a solar system requires a significant upfront investment.

As the owner, you’ll be responsible for maintenance and repairs.

Once you’ve paid for the system, there are no monthly payments (other than any loan payments if you financed the purchase).

You can take advantage of government incentives, rebates, and tax credits. You may also increase the value of your home.

All the energy savings go directly to you, potentially offsetting the initial cost over time

If you sell your home, the solar system is a selling point and may increase your home’s value.

Leasing often requires little to no upfront cost, making it more accessible for many people.

The leasing company generally takes care of maintenance and repairs, which can be a significant advantage if any issues arise.

You’ll pay a fixed monthly lease payment to the solar company.

You won’t own the system; the leasing company does. This means you may not have the right to claim any government incentives or rebates.

If you sell your home, you’ll either have to pay off the lease or the new homeowner will have to agree to take over the lease.

With a lease, you often lock in a consistent energy rate, safeguarding against potential energy price hikes in your locality

With financing choices ranging from cash payments to specialized solar loans from banks such as FiBank, there's a suitable option for various financial standings.

The loan application is streamlined, often providing decisions in as quick as 30 seconds.

Depending on your needs, loan terms span from 7 to 25 years, granting flexibility in repayment.

The rates differ based on the term selected and potential contractor fees.

Despite financing, you fully own the solar system, making you eligible for government incentives, rebates, and tax credits.

As with outright purchases, the installation can enhance the value of your home, offering benefits should you decide to sell.