The monthly solar payments for a typical three-or four-bedroom home in New Jersey start at $50 per month. All SunRun customers receive an annual money-back performance guarantee in addition to professional-grade monitoring, maintenance, repairs and insurance.

With SunRun, homeowners will get solar panels installed for $500, and then pay a low fixed rate every month for the solar electricity, allowing them to save money, said Mercury Solar Systems.

Jared Haines, president of Mercury Solar Systems, said: “New Jersey homeowners can now make a minimal upfront investment to enjoy clean electricity. We believe this partnership is a breakthrough approach to making solar very affordable and hassle free for any homeowner and are honored that SunRun has selected Mercury to design and install its customer systems.”

Mercury Solar Systems’ parent company, Mercury Energy, acquired New Jersey-based Energy Enterprises in August 2008. To date, the company has installed nearly 12% of the residential and commercial solar energy system installs in New Jersey, the company said.