Frequently Asked Questions

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General Solar Questions

LESS! In general, less. Normally, it costs less at the beginning and it always costs less by the end because the electric company randomly and drastically increases their prices but with solar, your price is fixed. For more specifics, go to https://WalkerPower.Energy/Learn-More.

Yes and No. In New Jersey, it is against the law in every township to disconnect from the grid, but our goal is for 100% of your annual energy use to come from solar.

Solar panels (PV cells) absorb sunlight and create DC electricity. An inverter converts this to AC power for your home. Excess energy is sent back to the grid.

Yes, they still generate electricity in cloudy weather, just at a lower efficiency than direct sunlight.

NJ Solar Incentives

1. **NJ SuSI Program:** Earn ~$85 for every 1,000kWh produced, paid for 15 years.
2. **Net Metering:** Utilities must credit you full retail rate for excess power.
3. **Tax Exemptions:** 100% Sales Tax exempt and 0% Property Tax increase.

When you overproduce, your meter spins backward. You get full retail credit to use later (like at night). Once a year, if you still have extra, the utility pays you out at the wholesale rate.

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Break-Even & Savings

In New Jersey, most homeowners recoup their investment in 5 to 8 years thanks to high local utility rates and state incentives.

Estimated long-term savings range from $20,000 to $97,000 depending on system size and future utility price hikes.

Home Value & Selling

Yes! According to Zillow, NJ homes with solar sell for 9.9% more on average. For a $500k home, that is an extra $50k in equity. You can read the article here: https://wpe.link/Zillow.

Data shows solar homes spend about 13-20% less time on the market. Buyers love the idea of moving into a home with little to no electric bill.