Can I Get Long Island Solar with No Monthly Payment Through the Participate Energy Program
Yes, you can get solar panels installed without a monthly payment when you join the Participate Energy Program and pay a prepaid lease in full. This gives you access to solar panels and the savings they generate without the cost of owning the system outright.
The Participate Energy Program is available to families on Long Island through Power Solutions.
What is the Participate Energy Program?
The Participate Energy Program is a prepaid solar lease where you can have panels installed on your rooftop without paying for the system outright.
- The lease is prepaid. You fund the entire lease term in one lump sum with no recurring payments.
- Participate Energy owns the solar panels, but you have exclusive access to them. Any savings generated are yours.
- Because the panels are owned by Participate Energy, they qualify for a federal commercial solar tax credit. This credit, worth around 30% of the total installation cost, is passed on to you as a discount on your prepaid solar lease.
- There is no FICO score requirement, and no UCC lien is placed on your home.
- You can transfer the lease if you sell your home.
- Power Solutions installs and maintains the solar panel array.
- There’s an option to purchase the system outright in the 6th year.
This is one of the simplest ways to get residential solar on Long Island. Solar panels will generate energy during the day, reducing the amount that you take from the grid. You will see your PSEG LI bill shrink.
Learn How Much You Could Save With Solar Panels
The Participate Energy Program is one option to get solar panels on Long Island. You could also finance a system and own it outright, with manageable monthly payments.
The right option for you depends on your financial situation and other factors, like how long you plan to live in your current home.
Power Solutions can help you decide with a free, detailed home energy savings evaluation. We will compare the long-term costs of leasing or financing solar panels and predict your savings over time.
We are one of the top-rated solar contractors on Long Island and one of the longest-serving. We have designed, installed, and maintained residential and commercial solar solutions since 2009.
Explore your options for solar, starting with a free ballpark estimate, or reach out to a Long Island solar consultant at (631) 348-0001 today.
