Is Solar Worth It in New York?
How doing nothing costs more
We all know the best practices for managing – and minimizing – debt. Pay off any credit cards each month; put a little extra toward the mortgage to pay down that principal; get rid of any lingering student loans.
But how do we minimize debt that will never go away – like the electric bill? It may not feel like a debt, and yet — if we’re getting power from the grid — we’re on the hook for that bill, every month. A perpetual obligation.
The Real Cost of Electricity
It’s amazing how it adds up
Most New Yorkers tell us they spend $100-150/month on their utility bill. That’s $1500/year just on electricity. How much have you paid your power company 5, 10, 20 years down the line, as utility rates slowly, but steadily, rise?
While you crunch those numbers consider this: you’re never getting that money back. Ever.
Here’s an idea: rather than pay for electricity in perpetuity, wouldn’t it be nice if your monthly power bill was going toward building equity in a power system, for less than what you’re already paying?
Break Up with Your Utility
Taking control of your energy spending
Solar offers homeowners the ability to own their energy. By generating solar power at home, you are achieving both energy and financial independence.
Many finance their solar systems, effectively switching their monthly power expense from the utility bill to their solar payment for the period of the loan. Others are able to pay for their solar upfront. Either way, solar brings savings and predictability.
Plus, did you know that solar increases property values without raising taxes and sells homes 17% faster?
Solar pays for itself. All together, this makes it one of the easiest and highest ROI home improvement projects you’ll ever do.
Perpetual debt is replaced with perpetual power.
Cost of SunCommon Solar
We believe that everyone has the right to a healthy environment and safer world – and clean energy is where it starts. Energy from the sun can power our lives, heat our homes, and fuel our cars. Our mission is to tear down the barriers to renewable energy. We do that by making it easy and affordable for all New Yorkers to go solar.
We are working to repower our beloved Empire State with clean energy one home, one business and one community at a time. We do that by offering no upfront cost, low interest financing with a local credit union. While solar isn’t new, it’s likely new to you. So, we’re here to help you make a smart financial decision for your future. From the design, to the financing, to flipping the switch on your very own home solar system, our team is with you every step of the way. It’s the neighborly thing to do.