NJR Clean Energy Ventures extends The Sunlight Advantage to an additional 500 customers for fiscal 2012

Source: NJR Clean Energy Ventures

With the completion of its 350th residential solar installation, NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey Resources, announced that it will extend The Sunlight Advantage’s simple, solar savings to an additional 500 customers in fiscal 2012.

“The response to The Sunlight Advantage has been incredible,” said Laurence M. Downes, chairman and CEO of New Jersey Resources. “We are pleased to be able to offer simple, solar savings to even more customers and help grow the residential solar market in New Jersey. With no money down and no installation or maintenance costs, The Sunlight Advantage is an easy way for owners of homes, large and small, to get solar and save on their electric bills.”

New this year, NJRCEV is offering a 15-year lease, which will provide customers with the potential for greater savings over the life of the system. Through the Sunlight Advantage, a solar system of approximately 6 kilowatt (kW) would cost a homeowner $65 per month over the lease period. This monthly rate is fixed and includes all necessary installation and maintenance costs. A typical homeowner with a 6 kW system can save approximately $100 a month on their electric costs, or $18,000 over the life of the lease, based upon current power prices. Systems vary based upon the size of the home, which could result in greater savings. Another added feature, NJRCEV will provide customers with a customized view of their expected energy savings generated by the system on a month-by-month basis.

“We’ve had a lot of success with The Sunlight Advantage,” said Darren Castelli, vice president of operations at Reliable Power and Solar, a leading solar installation contractor. “With its straightforward lease and fixed price, we feel it is the strongest solar offering in the state. It has helped our business grow enabling us to hire more people and, more importantly, our customers are pleased with the program.”

“I couldn’t be happier with the program,” said Scott Nelson, a Sunlight Advantage customer. “The savings have been tremendous. Not only would I recommend The Sunlight Advantage, I already have and everyone who has signed up is very satisfied with the results.”

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