Congratulations, your home in New York has the potential to save!
One of our specialists will be in touch with you shortly to show you your exact savings.
On average they’re saving between 10-30% on their electricity bill and protecting themselves from Con Edison electricity rate increases for the next 20 years.
Below is the estimated amount of money you could save over 20 years if you qualify:
What is a solar lease?
A solar lease gives you the opportunity to go solar with as low as $0 upfront. It allows you to save on your electricity rates while reducing the risk of ownership by having a professionally managed, monitored, and warrantied solar panel system that includes a production guarantee.
If you qualify for a lease agreement, a solar company agrees to fund the cost of the solar panel system, installation and maintenance and charges you a monthly fee for using the panels. The monthly lease fee (calculated in cents per kWh) along with your reduced electricity bill are your returns and savings from solar. In addition to immediate savings, a solar lease lets you lock in your electricity rates for 20 years protecting you from rate increases. New York also has a Solar Equipment Tax Credit that is available to you whether you lease or purchase that can reduce your state tax payments by up to $5,000 or 25% off your total solar energy expenses for a total of 5 years.
A solar lease is ideal for you if you want to save right away and don’t want to take on the risks of ownership.
How does a solar loan work?
When you take a solar loan it’s likely that you’ll have higher savings. You save on your cost of electricity and instead of just paying your electricity bill, you can put that money towards your loan. Once your panels are paid for, they will continue to produce free energy for your home.
Solar loans are becoming increasingly popular. One of the main benefits of buying your system is that you can be entitled to a 30% Federal Investment Tax Credit along with state and utility incentives. New York provides Solar Equipment Tax Credits that allow you to save 25% on a system size of up to 25 kW for residential or 50 kW for a condo or cooperative housing association with a cap of $5000. Furthermore, you may qualify for loans with $0 down. Additionally, the state provides a 100% sales tax exemption and 100% property tax exemption for 15 years.
A solar loan is ideal for you if you are looking to start saving right away, want to own your system and receive state and utility rebates and are looking to increase the value of your home.
What happens if I purchase solar?
With a solar cash purchase you’re likely to have the highest savings and avoid paying interest, however it requires you to pay for the entire system upfront.
With a cash purchase you are eligible for all of the local state and utility incentives including 30% Federal Investment Tax Credit. New York provides Solar Equipment Tax Credits that allow you to save 25% on a system size of up to 25 kW for residential or 50 kW for a condo or cooperative housing association with a cap of $5000. Furthermore, you may qualify for loans with $0 down. Additionally, the state provides a 100% sales tax exemption and 100% property tax exemption for 15 years.
A solar cash purchase is ideal for you if you have the upfront capital to invest in a solar panel system, are comfortable to maintain the panels yourself, want to increase the value of your home and reap the benefits of local state and utility incentives.
Estimates vary according to variety of factors including utility rates, location, and electricity usage. Projected savings are not guaranteed and can vary due to changes in factors such as current utility prices and government policies. Estimates are based on payments for a 20 year period. By filling in this form, you consent to receive calls and electronic forms of communications including emails and text messages at the number you provided, even if it is a wireless number and even if you have previously registered with the Do Not Call list. You are not required to provide your consent to these calls to make a purchase from us and can opt-out any time.