Will Melville, NY, Solar Panels Protect You from PSEG Rate Hikes?

Solar panels can protect you from rate hikes as they reduce how much electricity you take from the grid.

Melville and most areas of New York have some of the highest electricity rates in the nation. Rates in the region have increased by over 30% in the last ten years. Install solar panels as protection from inevitable rate creep, and claim your energy independence.

How Solar Panels Protect You from High Electricity Rates

When you generate electricity with residential solar, you effectively pre-purchase 25 years of electricity at a fixed, lower rate than what the utility provider can offer.

• Rate Hikes Won’t Hurt as Much: Long Island’s rate hikes significantly impact household budgets. Double-digit hikes, like PSEG’s 13% increase in February 2026, will hurt solar homes less.
• Protection from Rate 194: If your Melville home is on the Time-of-Day (TOD) rate, it will cost you significantly more to use electricity between 3 PM and 7 PM. Solar panels allow you to produce your own energy during these expensive hours, directly offsetting the highest-cost power on your bill.
• The Net Metering Benefit: Residential solar doesn’t just power your home. It generates energy credits. In the sun-drenched summer months, your system banks excess energy with PSEG. Credits carry forward to cover your usage in winter or whenever production is low. This makes savings predictable, even though solar doesn’t run 24/7.
• New PSEG Rules: PSEG LI has recently introduced new rules allowing TOD customers to transfer off-peak credits to help cover peak-hour usage. This maximizes the value of every kilowatt generated on your rooftop.

Enhanced Property Value Without the Tax

Solar panels in Melville and throughout Long Island are billed without sales tax. There is also a 15-year residential property tax exemption for solar panels. Even though solar panels will add real value to your home, you won’t pay any tax on this. You could install solar panels today, benefit from them for up to 15 years, and then sell your solar-equipped property without worrying about a tax hike from the panels.

Solar panels last for a minimum of 25 years, so even older panels on a rooftop are desirable for homebuyers.

The Cost/Benefit Argument for Solar Panels

You can install solar panels knowing that the investment will pay off. Power Solutions, one of the top-rated solar installers on Long Island, offers free consultations with a cost/benefit analysis.

• We use satellite data to map solar potential on your roofline. This ensures that solar is financially feasible.
• We calculate savings based on your historic billing and energy consumption.
• The average system has a payback period of 8 to 10 years, leaving around 15 years of post-payback energy. Savings after the payback period are pure profit.
• In a market where utility rates rise annually, the actual potential of solar panels can increase every year. This also means that you’re losing an opportunity every year that you don’t install solar panels. Now is always the best time to switch to solar.

Solar Panels Done Right by the Best Solar Installer Near You

Power Solutions is a local business based right here on Long Island. We have an in-depth understanding of local regulations, ensuring that our systems are compliant and that the approval process is stress-free. We handle all the paperwork for permits.

• We install solar panels from leading manufacturers with high efficiency ratings. Our brand suppliers include trusted names like REC Solar Panels and Qcells.
• We can install a battery backup system to give your home more energy independence.
• Our expert installers use low-penetration racking and flashing to secure solar panels while protecting your roof from leaks.
• Our customers join our SMART Solar Program for free, which includes benefits like 24/7 support, live monitoring, and a 25-year solar panel warranty.

Ready to find out if solar is right for your home? Request your free ballpark solar estimate in Melville and see how renewable energy can save you money.