Sunday, April 18, 2010
How Solar Leasing Can Put Free Solar Panels on Your Roof
In the 4 years since we've started this blog, we've covered several exciting developments in solar technology that have made it more efficient and accessible to homeowners. Yesterday, at Essex County's Earth Day fair we checked out Milburn based Geoscape Solar's intriguing new concept. It's goal is to dramatically expand solar's accessibility and affordability to millions of homeowners. Geoscape Solar’s new leasing program requires no upfront payment - consumers only pay a monthly fee that is lower than the utility cost of the electricity produced by the solar system. The leasing program was created offer homeowners an affordable way to go solar, save money and make a positive impact on the environment. At the Earth Day exhibit, I keyed in my home address and saw my rooftop clearly displayed on Geoscape's computer screen. Calculating the size, pitch and exposure of our roof, our home may be worth considering for a lease arrangement. The catch? Geoscape gets the profits from selling your solar energy back to PSE&G. In return you save 25% off your electricity bills.
Solar energy systems are an investment in one’s home or business – one that provides immediate and ongoing benefits in energy savings and cash income, creating a better environment for families and communities. The company estimates that an average system will save homeowners more than $10,000 over the 15-year lease period. Studies show that the value of your home increases $20 for every $1 per year saved on electricity. Panels will actually extend the life of a roof since they protect it from the elements.