Will I Get Paid for Solar in New York?
Installing solar gives you real energy independence, allowing you to take control of your finances and the way that you use electricity at home. One of the best parts of installing solar is the savings that your system will generate. This is achieved by offsetting your grid usage, and there could even be times when you become a supplier to the grid. If you’ve wondered, will I get paid for solar, the simple answer is yes. We’ll explain how it works as you get ready for your free home solar estimate in New York.
Net Metering for Solar
Under New York’s net metering program, you can get paid for the electricity that you produce.
Saving money with solar is quite simple. When your panels generate electricity, they’ll power your home. On the days of the year when you use less electricity than you produce, the excess will be exported out to the grid. You’ll get a new meter for your home that spins both ways. When you’re exporting, your meter will spin in reverse.
This helps to offset the electricity that you buy from the grid in the evenings when your solar panels shut down. If you export more than you import, you’ll receive a check from your utility company at the end of the billing year. This is how you can get paid for having solar on your rooftop.
When asking, will I get paid for solar, it’s important to think of it as a return on investment. Even the savings that offset your bill can be considered a return. The cost of the solar system is usually covered, in savings, within the first ten years of ownership. After that, all the money you save goes back to you.
Calculating Savings with a Free Home Solar Estimate
Being a major financial decision, it’s important that you have all of the information upfront before you invest in solar. This starts with your free solar estimate. We can provide a ballpark estimate based on satellite data. If you’re happy with the estimate, we can go ahead with a detailed consultation. We’ll also visit your home for a detailed on-site estimate and will provide a final quote for solar.
Most importantly, we’ll provide a cost/benefit breakdown. This will look at the cost of solar, the potential solar output of your home, and the savings that you could generate over time. This information is important so that you can understand the true value of solar as an investment. The estimate and consultation are free. You don’t have to commit to anything until you’re ready to move forward with the installation.
SMART Solar Financing is Available
You don’t need to pay for your solar installation all at once. We can provide SMART solar financing through Sungage, our solar partner for financing. You can get a solar loan with no deposit and an interest-free period.
The first part of the loan will be based on expected federal and New York State solar tax credits. The tax credits and incentives can dramatically lower the real cost of solar. In your consultation, you’ll learn about all the credits and incentives that apply in your case.
Learn More About Solar with New York Power Solutions
With more than 5,000 installations performed so far, New York Power Solutions is one of the most experienced solar installation companies in the State. We’re ready to begin your consultation and to get you ready for the switch to solar.
Will I get paid for solar? In most cases, the answer is yes. You’ll save money, can generate credits on your account through net metering, and you’ll be paid for any outstanding balance at the end of each billing year. Solar is one of the most worthwhile investments that you can make in your New York home. Talk to our team to start your solar consultation today.