$3,000
50% to 74%
of electricity
$41,125
12.2%
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Designed and built by Green Essex Solar, this system saves $250/month in electricity, monitors production in real time and works seamlessly.
$3,000
50% to 74%
of electricity
$41,125
12.2%
Property
- Owner:
- Neil Rothstein
- Type:
- Residential
- Address:
- 33 Hemlock Rd, Livingston, NJ 07039
- Size:
- 5,200 sq ft
- Energy need met:
- 50% to 74% of electricity
Technology
- Type:
- Solar PV
- Installed:
- August 2011
- Size of System:
- 11.8 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $58,750
- Value of Tax Credits:
- $17,625
- Net Cost of System:
- $41,125
- Annual Savings:
- $3,000
- Annual Revenue:
- $2,000
- Own or Lease:
- Cash Purchase
- Additional Financial Notes:
- The return on investment beats the stock market average, even though the SRECs have gone down in price
What You Need to Know
Description:
11.8 KW rooftop solar system, Canadian solar poly panels, 2 SMA inverters, monitoring unit.
Other Benefits:
Property value increase
Maintenance Requirements:
None so far - rain cleans the panels
My Motivation:
1) Saving on an extremely high electric bill; 2) making an investment with a good return.
Advice:
Work with an experienced solar installer and make sure they agree to handle all the project details for you. Green Essex Solar did that in my case, but I'm sure there are other good ones as well.
Experience with Installer:
3 installers were in the picture in total, including someone who was highly recommended by my golf caddy. Green Essex Solar's personal touch and willingness to go above and beyond really won me over. Even now, they continue to assist with my SREC sales and all my maintenance and monitoring questions. I highly recommend giving them a call if you are considering going solar in NJ.
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