FINANCING AND SOLAR LOANS
Federal, State and City incentives make going solar in NYC incredibly attractive. Your typical solar system will pay for itself in 3 to 7 years depending on the complexity of the install. However, not everybody wants or is able to separate with a few thousand bucks at point of purchase. Thus Enter: Solar Loans.
Basic concept it simple. Instead of paying for a solar installation in cash all at once, you can levelize your solar costs into monthly payment. Because your solar installation is producing electricity for you every month, it drops your utility costs. In most cases you electric bill plus your new loan payment is a net savings.
Our loan provider is EnerBank. They've built a couple of solar specific loans that help you monetize your tax credits before you have to pay the bulk of your installation costs.