Solar panels in Long Island are among the best investments you can make in your home. Improving efficiency, reducing your environmental impact, and eliminating ludicrous power bills are key benefits that you will enjoy over the lifetime of your system.
You’re interested in solar but need to know, “How do I finance my solar system?”
We can help with solar financing and are ready to get started with a consultation today.
No Money Down Solar Financing in Long Island
Long Island Power Solutions has relationships with several banks that can help you to finance your investment in solar.
Solar financing in Long Island is offered with a no money down program, where your expected tax benefits will be leveraged for the initial interest-free period. Terms are typically ten years, twelve years, fifteen years, and twenty years, depending on your preference and financial situation.
With a good credit score, you’ll have no trouble securing solar financing in Long Island.
Two Parts to Smart Solar Financing
To keep solar accessible and affordable, we split smart solar financing into two parts.
- We have a 0% interest part that will fund your expected tax credits. When tax season comes around, and you receive your tax benefits from the government, you pay off the initial loan.
- The second part is covered by a term loan depending on your preference as noted in the previous section (ten years, twelve years, etc.)
In our experience, especially considering the high cost of electricity in Long Island, solar systems can pay for themselves. For example, if we install a solar system that saves you $200 monthly on your electric bill, and you are paying $130 on the term loan, you end up pocketing the difference of $70.
At the end of your smart solar financing, all the money that you save will go back to you. With systems that last for 25 or even up to 30 years, the savings are significant.
We have found that splitting the loan into two parts results in the best savings for our customers. The 0% interest period is key, everything after that results in real savings from month to month, which will only increase once your loan is paid off.
Solar Panels in Long Island are Accessible to All
At the end of the day, a good credit score is going to help you to make one of the best investments of your lifetime. Solar panels in long island provide decades of strong returns. Families wanting more financial freedom will find that the savings from month to month, even when paying off the term loan, have a big impact on day-to-day finances.
You can talk to us today to learn more about solar panels in Long Island and begin your energy evaluation.
How Do I Finance My Solar System and How Much Will I Save?
The exact amount of money you can save with solar will depend on how much your system can produce and your monthly usage. It’s critical that you begin with an energy evaluation where we look at your home, the size of your roof, how much sunlight it receives, and how much energy a solar array is likely to produce.
Long Island Power Solutions is the best company for solar installation with flexible solar financing in Long Island. You’ve asked “how do I finance my solar system?” and now have the answer. All you need to do is get in touch and we’ll get into all of the details.
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