NJR Clean Energy Ventures Extends the Sunlight Advantage™ to an Additional 500 Customers for Fiscal 2012
December 14 2011 - 10:18AM
Business Wire
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.”
Launched last January, The Sunlight Advantage is NJRCEV’s
residential solar lease program that offers eligible homeowners a
roof-mounted, crystalline solar system installed with no upfront
installation or maintenance costs. 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. Roofs with a southeast or
southwest orientation 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.
About New Jersey
Resources
New Jersey Resources, a Fortune 1000 company, provides safe and
reliable natural gas and renewable energy 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 $3 billion in annual revenues, NJR safely and reliably
operates and maintains 6,800 miles of natural gas transportation
and distribution infrastructure to serve nearly half a million
customers; develops and manages a diverse portfolio of 1.55 Bcf/day
of firm transportation and over 59.4 Bcf of firm storage capacity;
offers low carbon, clean energy solutions through its commercial
and residential solar programs and provides appliance installation,
repair and contract service to nearly 150,000 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.njresources.com.
New Jersey Resources (NYSE:NJR)
Historical Stock Chart
From May 2024 to Jun 2024
New Jersey Resources (NYSE:NJR)
Historical Stock Chart
From Jun 2023 to Jun 2024