Long Island’s Solar Sweet Spot
Newsday’s Sunburned: Solar panel leasing deals on LI plagued by consumer complaints two weeks ago brought great attention to the complications of solar leases. NY State Solar CEO David Michael had the opportunity to opine the benefits of NY State Solar in Newsday and how our organization empowers homeowners through NY-Sun. (More via Newsday)
Thomas Maier and Mark Harrington wrote an insightful and helpful special report exposing some of the unsavory elements of an otherwise extraordinary and invaluable solar industry.
But those of us who work in this field, and who do so honestly and in a customer-focused manner, want readers to remember all the benefits that come from “going solar”: Energy independence, cleaner air (with less pollution and fewer toxins), and financial benefits for the consumer.
While the article mentions some of the pitfalls in the industry, New York State has created a program that solves many problems: the NY-Sun On-Bill Recovery Loan. It requires that the proposed plan is evaluated by the state Research and Development Authority, and approved only if the system will provide savings for the owner.
Also, the NY-Sun On-Bill Recovery Loan allows property owners to pay any costs via their regular PSEG bill. Because the payment is tied to the utility bill, there’s no lien filed against the customers’ property, which means there’s no difficulty when it’s time to sell or refinance.
Community Solar Rises
New York Governor Andrew Cuomo this weekend announced the completion of the largest community solar project in Tompkins County. The 2.3-MW system consists of almost 7,000 solar panels across 13 acres. (More via Solar Power World)
New York State last week voted to expand value stack crediting beyond solar. Value stack crediting looks to create value for public benefits of distributed energy. (More via Microgrid Knowledge)
Community solar projects are imperative to allow folks who do not own homes to benefit from solar energy. The end of net-metering threatens community solar projects and clean energy’s growth. (More via Indypendent)
NY-Sun Prospers ☀️
New York homeowners have the historic opportunity to own a solar system through NY-Sun.
NY-Sun is a New York taxpayer incentive program that allows homeowners to go solar.
Click here to learn more about NY-Sun and schedule a free consultation.Read More
Solar is everywhere. Sometimes it’s hard to know where to start or what any of it means.
If you’re a Long Island homeowner, you should be aware of the options available to you – and which you should take advantage of.
What is a Solar Lease?
A solar lease is an agreement between a homeowner and a solar company that contractually provides solar panels to a homeowner for a designated period of time in exchange for a monthly payment.
Leases appear to be a great investment from the jump: A promised monthly savings on your electric bill and a hand in helping the environment.
Plus, when the lease term is up there will be better technology to replace it – right?
Unfortunately, many solar leases exploit homeowners.
Newsday’s Thomas Maier and Mark Harrington two weeks ago revealed a wealth of consumer complaints about solar leases.
Let’s be clear: Many solar companies ethically provide solar leases.
Yet even an ethical solar lease leaves the average homeowner with a 2.9 percent average annual increase on your savings.
What’s more? Most solar leases lock homeowners into longterm agreements that make it difficult for homeowners to move.
New York in 2014 realized this and decided to create a program to help.
The opportunity to make the switch to solar has never been easier for New York homeowners.
NY – Sun is a taxpayer incentive program that allows homeowners to reduce and lock their existing utility bill and outright own their solar system.
New York looks for solar ready houses – houses that solar can perform most effectively.
That means that less than 25 percent of New York state is eligible to qualify for NY-Sun.
If you want to help the environment, save money, and sustain Long Island’s economy, you owe it to yourself to find out if you qualify.Read More