Solar is one of the most valuable investments that you can make in your home or business. While the cost of solar isn’t trivial, most systems generate a strong return with ongoing value over time. With our 25-Year Warranty, you can have confidence knowing that your investment will last.
If you’re planning to get solar, you’ve probably asked: how do I finance my solar system in New York? We offer split financing with no money down. Let’s dive into the details to see how easy it is to get efficient solar panels and battery backup in New York.
No Money Down Solar Financing in New York
We have developed relationships with banks and solar financing organizations to provide the most flexible options for our customers.
New York Power Solutions offers solar financing with no money down. Your expected tax benefits will be used to cover an initial interest-free loan. When your tax benefits and rebates become available at the rollover of the tax year, you pay the initial loan and we move to the next stage of financing.
With a good credit score, you’ll find it easy to secure financing for your solar panel installation.
The Two Sides of our Split Solar Financing
Split financing is part of our SMART Solar Program that manages the cost of solar to make it more accessible for everyone.
- The initial loan is equivalent to your expected tax benefits and rebates. When you receive your benefits from the government, you pay off the first loan in full with 0% interest.
- The second part of the loan is over a longer term. Our financing partners offer low rates. These rates are fixed throughout the term, so there are no surprises. Terms are typically 10, 12, 15, and 20 years.
If the usual term periods don’t work for you, we can help you to customize your financing package. The shorter the term, the less interest you’ll pay, and the better your return from solar will be.
Because we only recommend solar installation when it makes financial sense, our customers can enjoy significant savings over the lifetime of a solar panel installation. Loan repayments, in most cases, are less than the money saved from having solar. Once your loan is fully paid, all of the savings from solar will go back into your pocket.
Splitting our solar financing in New York allows for the simplest and most affordable route to having a solar home or business. Financing is unique to each customer. We have helped more than 5,000 homes and businesses gain their energy independence in New York.
Should You Finance Your Solar Installation?
If you can pay for solar outright, you’ll enjoy better returns. Without the interest payments of the second part of the loan, you’ll pay less overall for your installation. When you pay outright, you’ll pocket all of the savings right away.
You could also make a larger initial payment to offset the cost of financing.
Whatever your current situation, we have a pathway to solar for you. Talk to us for your solar energy evaluation and we’ll provide a complete cost/benefit analysis with financing options. When you see how much you can save with solar, deciding to switch becomes much easier.
We provide the information. You make the choice.
Ready to get started with solar financing in New York? Do you simply want to learn more about solar and how well it would work for your home or business? Talk to one of our expert solar consultants today.
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