Panasonic System in Mystic Island

Residential - October 2018

Green Power Energy and Panasonic are as good as it gets for NJ solar!

Quick Facts

Average Annual Savings

$2,400

Energy Needs Met

100%

or more of electricity

Net Investment

$18,900

Return on Investment

26.0%

Property

Owner:: Steve McHale
Type:: Residential
Address:: 27 S Portland Dr, Little Egg Harbor Twp, NJ 08087
Size:: 1,100 sq ft
Energy need met:: 100% or more of electricity

Technology

Type:: Solar PV
Installed:: October 2018
Size of System:: 9.425 kW
Purposes:: To generate electricity

Financial Details

Gross Cost of System:: $27,000
Value of Tax Credits:: $8,100
Net Cost of System:: $18,900
Annual Savings:: $2,400
Annual Revenue:: $2,520
Own or Lease:: Purchase with Loan
Additional Financial Notes:: Went with a "no fee" loan through Green Power Energy and Mosaic, it came with a higher interest rate but it allowed Green Power Energy to give me the best price possible so that I can pay the system off quickly.

Professionals & Suppliers

Products:: IronRidge; Panasonic; SolarEdge Technologies
Installers:: Green Power Energy
Financing:: Mosaic

What You Need to Know

Description:

I went with Panasonic 325w panels paired with SolarEdge Power Optimizers. The equipment on my system is all warrantied for 25 years and it came with panel level monitoring through SolarEdge so that I always know how it is producing.

Maintenance Requirements:

None, Green Power Energy provided 20 years of labor/post install service and the equipment is all warrantied for 25 years.

My Motivation:

Solar in NJ is a no brainer. Between the SRECs, tax credit and electricity savings the numbers speak for themselves.

Experience with Installer:

Green Power Energy provided me the best equipment for an unbeatable price. They are ranked number 1 on EnergySage and their reviews are all on point and right in line with what I experienced myself. The install crew was polite, quick and clean and my system looks awesome!

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