The Sunlight Advantage™ Signs Its 150th Lease Customer
March 03 2011 - 3:13PM
Business Wire
New Jersey Resources (NJR) launched The Sunlight Advantage™ to
provide simple, solar savings to 350 New Jersey homeowners, and is
pleased to announce that it is well on its way toward this goal
with the signing of its 150th lease customer.
“The response to The Sunlight Advantage has been tremendous and
underscores the demand for solar energy and savings,” said Laurence
M. Downes, chairman and CEO of NJR. “With The Sunlight Advantage,
we are making it easy for homeowners to get solar and save on their
electric costs month after month.”
The Sunlight Advantage is NJR’s residential solar lease program
that offers roof-mounted, crystalline solar systems to eligible
homeowners. A typical system of approximately 6 kilowatt (kW) would
cost $59 per month over a lease period of 20 years. This monthly
rate is fixed over the lease term and includes all necessary
installation and maintenance costs. A typical homeowner with a 6 kW
system can save approximately $100 per month on electric costs, or
more than $20,000 over the life of the lease, based upon current
electric prices.
NJR already has 100 customers enjoying benefits of solar power
through its initial pilot offering announced in March 2010. On
January 26, 2011, NJR announced the expansion of this program under
The Sunlight Advantage brand to help to make solar power more
affordable and accessible to an additional 350 customers. In order
to get the most benefit from The Sunlight Advantage, a home must
have a south-facing roof to draw maximum exposure from the sun.
East and west facing roofs may also be eligible. The roof must be
clear of shading from trees or other structures, and not need to be
replaced during the life of the lease. Interested homeowners who
meet these eligibility requirements should call 855-4SUNLIT
(855-478-6548) or visit www.sunlightadvantage.com for more
information.
New Jersey Resources, a Fortune 1000 company, provides reliable
energy and natural gas services including transportation,
distribution and asset management in states from the Gulf Coast to
the New England regions, including the Mid-Continent region, the
West Coast and Canada, while investing in and maintaining an
extensive infrastructure to support future growth. With over $2.5
billion in annual revenues, NJR safely and reliably operates and
maintains 6,700 miles of natural gas transportation and
distribution infrastructure to serve nearly half a million
customers; develops and manages a diverse portfolio of nearly 2.3
Bcf/day of transportation capacity and more than 50 Bcf of storage
capacity; and provides appliance installation, repair and contract
service to approximately 144,000 homes and businesses.
Additionally, NJR holds investments in midstream assets through
equity partnerships including Steckman Ridge and Iroquois. Through
Conserve to Preserve®, NJR is helping customers save energy and
money by promoting conservation and encouraging efficiency. For
more information about NJR, visit www.njliving.com.
New Jersey Resources (NYSE:NJR)
Historical Stock Chart
From Aug 2024 to Sep 2024
New Jersey Resources (NYSE:NJR)
Historical Stock Chart
From Sep 2023 to Sep 2024