How Do You Get No Money Down Solar in Sleepy Hollow?
When you want to get solar power in Sleepy Hollow, the cost is one of the major deciding factors. The cost of a home solar installation in Sleepy Hollow has come down in recent years, but it’s still a significant investment that should be considered carefully. For most families, paying the entire bill upfront isn’t a realistic option. New York Power Solutions has an alternative, and it leverages current tax incentives so that you can get solar and start saving money right away.
No money down solar in Sleepy Hollow is available to most families. If you have a good credit score and own your home, then financing should be an option.
Interest Free and No Money Down Solar in Sleepy Hollow
At New York Power Solutions, we offer split financing for no money down solar in Sleepy Hollow. This allows for an interest-free period, based on the tax incentives that you’re eligible for.
There are two major solar tax incentives that most families will qualify for…
- The state tax incentive for installing solar at a primary residence caps at $5,000 and is based on the total cost of the installation.
- There’s a new federal solar tax incentive that was introduced in 2022. Made possible through the Inflation Reduction Act, this incentive is worth up to 30% of the cost of your system.
When calculating the financing, we’ll help you to determine which solar incentives apply in your case. The initial loan will be equal to the expected tax credits and can be paid in full once you receive them. There’s no interest on the initial loan and you won’t have to put any money down.
After the first loan is paid, the remainder of your bill will be applied to a standard loan for solar financing. This is offered with a competitive interest rate, and you can choose the term that works with your finances.
- If you choose a shorter term, repayments for solar power in Sleepy Hollow will be higher, but you’ll pay less interest and will pay off your system sooner.
- If you choose a longer term, repayments for solar power in Sleepy Hollow will be more manageable, but there will be more interest over time.
It’s important to strike the right balance between total savings and affordability. With the help of our financing partner, we will ensure that you get the best deal for your situation.
A Direct Incentive for Your Home Solar Installation in Sleepy Hollow
There’s another important incentive that will affect the cost of your home solar installation in Sleepy Hollow.
The New York State Energy Research and Development Authority (NYSERDA) provides a reimbursement incentive that is taken off the top of your bill. This is paid directly to the contractor for solar power in Sleepy Hollow. Because it comes off the top of your bill, it will reduce the cost of financing.
The NYSERDA incentive amount depends on your current utility provider and can reduce the system cost by up to $5,500.
We’ll help you to determine if you’re eligible for this incentive on your solar installation. New York Power Solutions is a NYSERDA-Approved solar panel installer.
Learn About the Cost of Solar Power in Sleepy Hollow with a Free Home Solar Estimate
Solar is more affordable and more accessible thanks to no money down solar in Sleepy Hollow. But you should only decide once you’ve considered all the data.
New York Power Solutions can provide free home solar estimates online, based on satellite data. From here, we can schedule a site visit for a full evaluation of your property and a final accurate estimate. In addition, we provide an energy savings evaluation to help you to understand what your costs would be like with solar and financing. Most importantly, we provide a cost/benefit analysis so you can see if solar is worth it.
It’s time to learn more about one of the most important home improvements you will make in your lifetime. Get your home solar estimate and enjoy the ease of no money down solar in Sleepy Hollow. The team at New York Power Solutions is standing by.