Financing for Mineola NY Solar – It’s Easier Than You Think
If you’re buying all your electricity from the grid in Mineola NY, you’re paying too much for it. Energy prices in New York are notoriously high, and the rates keep going up over time. If you want protection from inflation and high utility bills, Mineola NY solar is the best option for you.
A Mineola solar installation will reduce your reliance on the grid. Clean solar energy generated on your rooftop can give you a significant amount of energy independence, with savings that can last up to 25 years and sometimes longer.
If you’re worried about the cost of Mineola NY solar, you’ll be happy to learn that panels are quite affordable, especially with home solar financing in Mineola. Here’s what you need to know about financing your system on Long Island.
Tax Credits and Your Home
The current Federal and New York solar tax credits have made it one of the best times ever to get Mineola NY solar. Income tax credits are based on the total cost of your system. The Federal tax credit is currently a dollar-for-dollar amount, calculated at 30% of the installation bill. That can knock out a significant portion of the real cost of solar.
At Long Island Power Solutions, we use a split model for home solar financing in Mineola.
- The first period is interest-free, and you don’t have to put any money down. An initial loan will be based on your incoming tax credits and paid in full once these credits are received. This gives you some breathing space after you get solar installed. With no money down, you won’t have to save or wait to get solar.
- The second period starts once the first loan is paid and will have a competitive interest rate based on the lending market. You can customize this loan so that repayments suit your financial situation.
Most families can save money even while paying for solar financing. This is because solar panels can dramatically reduce your utility bill.
Solar saves money by lowering the amount of electricity that you take from the grid. Savings are significant and typically cover the cost of installation within ten years (usually around 7 – 10 years depending on the home).
Once your financing period ends, all savings will go back into your pocket. Solar panels last up to 30 years in some cases, so there will be an excellent return on investment.
Getting the Financials Right for Your Mineola Solar Installation
Solar is suitable for most families, but it’s important to have all the details before you go ahead with your Mineola solar installation.
We offer detailed consultations for free. You can join the SMART Solar Program with no fee. This includes a detailed consultation process, free estimates, and a free cost/benefit analysis. The cost/benefit report will look at the cost of solar relative to the savings that your system could produce over time. This is individualized for your unique needs, based on the size and design of the system that would suit your home.
With this information, you’ll know if solar is a viable investment for your family. We take pride in providing systems that give long-term savings to families on Long Island.
Start with a Free Estimate from the Best Mineola Solar Company
Long Island Power Solutions is the most experienced Mineola solar company for your rooftop installation. We’ve connected more than 5,000 families and businesses as of 2023. We’re ready to get started on your free estimate and energy savings evaluation.
You won’t pay anything until you’re ready to move ahead with the installation. With a detailed consultation and planning process, you can be sure that solar is right for your needs.
With easy financing for Mineola NY solar, there’s no reason not to consider making the switch. Talk to a local team for home solar and see how renewable energy could work for your home.