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A Geoscape Solar installed solar system at Berlin Medical Associates in south-central New Jersey. (Photo courtesy of Geoscape Solar)

SHORT HILLS, N.J. - Geoscape Solar has announced a unique financing program called "Sun For All" which extends the company's existing financing solutions for non-profits and religious institutions by adding elements that help them reap the many benefits of solar energy.

With this program, all types of non-profit institutions can save 50 percent over the utility cost of electricity generated by a solar energy system and can also earn valuable Solar Renewable Energy Credits (SRECs).

According to Geoscape, for a modest-sized installation, the program can generate more than $500,000 of income over 25 years.

Geoscape Solar installed this solar system at Berlin Medical Associates in Berlin, New Jersey. (Photo courtesy of Geoscape Solar)

A great time to go solar in New Jersey recently got even better thanks to a comparatively new New Jersey solar company, Geoscape Solar, which has become the first in that state to offer customers solar leasing.

Geoscape’s Solar Lease Program allows customers to go solar with no money down while also saving on their long-term electricity costs and doing the right thing environmentally speaking.

Of course, whether buying a solar system or leasing is better for you – whether you live in New Jersey, or elsewhere in the U.S. – depends on a number of factors, most notably your cash flow situation, says Geoscape President and co-founder Jeffrey Chavkin.

TXU Energy customers in Texas can now opt for a solar lease. (SolarCity Photo)

The Lone Star State now officially has solar leasing available for residential consumers.

TXU Energy is working together with SolarCity to offer a residential solar leasing program to North Texas homeowners. The program is available in Texas only through TXU Energy.

Leasing is available in Arizona, California, Colorado, Connecticut, Massachuetts, New Jersey & Oregon.

Conventional wisdom holds that it’s better to buy a solar system than to lease one.

It isn’t that simple.

While buying might be better for some people in some circumstances – mostly for people with lots of money stashed away somewhere to spread across multiple purchases, one of these being a solar system – for many people who have little to no money saved, solar leasing may well be a better option.