Do I own the solar panels with a New Jersey PPA?

No. With a PPA, the third-party solar provider retains equipment ownership and assumes full responsibility for operational performance and maintenance.

Is a solar PPA the same as a solar lease?

While similar, a lease charges a fixed monthly fee regardless of how much energy the panels generate, whereas a PPA charges you strictly for the actual kilowatt-hours produced.

What happens if the solar panels stop working?

Under a PPA, your agreement includes a performance guarantee. If the system underproduces due to equipment failure, the provider must repair the hardware and may credit the underperformance.

New Jersey Solar PPA Guide: How Power Purchase Agreements Work for NJ Homeowners

Updated for 2026 New Jersey Clean Energy Regulations

Direct Answer / Quick Summary

A New Jersey Solar Power Purchase Agreement (PPA) is a financing arrangement where an authorized solar developer installs, owns, and maintains solar panels on your residential roof with zero upfront equipment purchase. In exchange, the homeowner purchases the electricity generated by the system at a predetermined per-kilowatt-hour rate that is lower than standard local utility tariffs.

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