START SAVING ON YOUR ELECTRIC BILLS AS SOON AS DAY ONE
PLANNING & BUYING RESOURCES
The On Bill loan shows up right on your utility bill, so there’s not even another bill to pay. What’s more, you can pay off these loans any time you want, or assign them to a new home buyer as they simply stay with the utility account, allowing you complete freedom if you sell your home.
In New York state, NYSERDA, the state energy agency, will pay an upfront incentive equal to about 20% of the cost of your system and you will receive both a 30% federal tax credit and a 25% state tax credit. Together, this often offsets well over 65% of your costs. If you purchase your system for cash, your payback can be as low as 4 years!
What if I sell my home?
A solar system is one of the few home improvements that adds value to your home without raising your property taxes (NYS property tax exemption).
Recent data from the Department of Energy also shows that for every dollar you invest in solar your house goes up in value by $2 to $3 making this a win-win.
We should mention that leased solar systems have recently been shown to make home resale more difficult. The unknown of whether the leasing company will allow your buyer to be assigned the lease or whether you’ll have to pay a punitive buyout is the main factor there.
CHECK OUT OUR REFERRAL PROGRAMS!
Start earning, even before your panels are producing power.Recent Posts
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Contact Us
Address:
510 North State Road
Briarcliff Manor, NY 10510
Office:
914.762.7622
Business Hours:
Mon-Fri 8:30am – 5pm EST
Email Us:
info@sunrisesolarllc.com