Financing Options for Hewlett Harbor Solar
If you’re interested in getting a Hewlett Harbor solar installation, the cost is one of the most important things that you’ll consider. The cost of solar can be recovered over the lifetime of a system. In fact, most systems will pay through with savings in the first ten years, and continue to work for an average of 25 to 30 years. The return on investment available with a Hewlett Harbor solar installation is one of the reasons why so many families have already made the switch. But even with the returns, the upfront cost can still be significant. That’s where financing options for Hewlett Harbor solar come in. Learn about how financing works with Long Island Power Solutions, and start with your free estimate today.
No Money Down Solar in Hewlett Harbor
You can get no money down solar in Hewlett Harbor when you get installed with Long Island Power Solutions.
We have partnered with Sungage Financial, one of America’s leading solar financing companies. This allows us to offer no money down solar in Hewlett Harbor with an initial interest-free period.
Tax Credits and your Financing Options
No money down financing options for Hewlett Harbor solar are made possible with solar tax credits from the State and Federal governments.
The State offers a personal tax credit based on the cost of solar installation. This can generously offset the investment that you make in your solar system. Then there’s also the Federal income tax credit, which is one of the most valuable incentive programs available anywhere in the world. Under the Inflation Reduction Act of 2022, funding was secured to provide a 30% tax credit based on the cost of a solar installation.
These credits alone would be valuable, but they are even more powerful when they’re used to get solar financing.
You won’t have to put any money down to switch to solar. Expected tax credits can be applied to an interest-free loan, equal to the value of your expected tax credits. Sungage Financial has extensive experience in financing based on solar tax credits, so estimates will be accurate so that you won’t get caught out when the initial loan is due.
The rest of the solar bill will then be financed with a second loan that kicks in once you receive your credits. This loan will have an interest rate competitive with the rest of the industry. You can customize the repayments to be larger or smaller. Larger payments will have less interest overall but your monthly costs will increase. Most families lean towards the lower end to ensure that monthly expenses remain consistent.
With the savings provided by solar, you will have a lower monthly utility bill. It’s possible to keep monthly expenses consistent with a lower bill plus finance repayments. This means that while you pay for your system, your expenses will be manageable. Once the system is fully paid off, all of the savings on your utility bill will be money back in your wallet.
Extensive Information Available for Your Hewlett Harbor Solar Installation
While this might all sound complicated, it is simplified with the help of our detailed solar consultations. The team at Long Island Power Solutions will help you to understand the true cost of solar and the repayment options that are available to you. We are transparent with figures and estimates. It’s our priority to create savings for every customer.
We will ensure that you have a detailed energy savings evaluation so that you understand what solar could mean for your home. And, we’ll provide a cost/benefit analysis, so you can keep everything in perspective with the finances.
Solar is one of the most effective ways to save money while adding value to your home. If you’re ready to learn more, it’s time to get your free solar installation estimate from Long Island Power Solutions. We’re a local solar company with extensive experience connecting customers in Nassau County and throughout Long Island and New York. Our team is available to show you exactly what Hewlett Harbor solar could do for you.