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In the event you reside on Lengthy Island, New York, now could also be time to go photo voltaic.
Photo voltaic power utilization has soared all through the entire state of New York, with Gov. Kathy Hochul just lately asserting that greater than 2 gigawatts of photo voltaic power have been added to the group grid, sufficient to energy nearly 400,000 houses. That is one element in a wider Empire State aim of having carbon-free power by 2040.
Total, New York state ranks eighth nationwide when it comes to photo voltaic power utilization, with simply over 870,000 houses powered by photo voltaic power and practically 5% of the state’s electrical energy powered by photo voltaic power, in keeping with the Photo voltaic Power Industries Affiliation. The Empire State provides a state tax credit score, internet metering coverage and gross sales tax exemption on photo voltaic panels.
Particularly on Lengthy Island, clients are profiting from round 200 sunny days a yr and trying to get away from excessive electrical energy payments — in case you’re one of many Lengthy Island residents making an attempt to make the photo voltaic change, listed here are the most effective photo voltaic set up firms working within the space.
Finest nationwide photo voltaic panel firms on Lengthy Island
Palmetto Photo voltaic
Finest customer support
Photo voltaic panels are usually low upkeep gear, however they’re additionally unfamiliar. If you wish to reap the advantages of photo voltaic however can have a bit extra peace of thoughts if another person is ensuring it is working, Palmetto may be match for you. Simply keep in mind so as to add the price of Palmetto’s monitoring service in to your payback interval calculations.
SunPower Photo voltaic
Finest photo voltaic panels
In the event you’re searching for top-of-the-line photo voltaic panels, SunPower is your most suitable option. However do not write it off in case you’re searching for a much less flashy set up that can get the job completed. This yr it began putting in Qcells panels, which ought to make an set up from the longest-tenured firm on our record out there to extra individuals.
Freedom Without end
Finest for money clients
Embody Freedom Without end in your search in order for you the backing of a nationwide firm that installs all kinds of the most well-liked photo voltaic gear out there. Freedom Without end additionally extends a few merchandise that take a number of the ache and threat out of going photo voltaic, like a manufacturing assure and an escrow choice with money purchases. On-line critiques say buyer satisfaction has been low of late, although the corporate says that is altering.
Tesla Photo voltaic
Most inexpensive
Tesla’s photo voltaic department appears to be the least liked of Elon Musk’s ventures. Even Tesla’s Photo voltaic Roof appears to get extra love.
If worth is the factor you will not budge on, think about Tesla. By all accounts, Tesla installs high quality panels and makes the closest factor there’s to a family title in photo voltaic storage: the Powerwall.
The place you may miss out is customer support. Dialogue on-line appears to recommend Tesla’s service is a little bit of of venture.
Momentum Photo voltaic
All in-house installers
Momentum installs in 11 states with out utilizing subcontractors. Whereas utilizing in-house installers would not assure a greater expertise, it does recommend you are prone to get a extra uniform expertise from Momentum. The truth that Momentum backs its installations with a 25-year workmanship guarantee hints at a robust perception in its crews’ means. If Momentum is a part of your search, think about the warranties towards leaks that different firms supply. Momentum’s is 5 years, which is not the greatest.
Native photo voltaic panel firms on Lengthy Island
Lengthy Island Energy Options says it provides potential clients a free photo voltaic panel session to find out if photo voltaic power is suitable for a house. The corporate says in case you select to go ahead with set up, its representatives will do a survey of the house and decide the most effective financing choices out there.
The corporate web site says it provides 24-hour buyer help and a 25-year guarantee with each photo voltaic panel set up.
Enterprise Photo voltaic guarantees custom-made service resulting in a doable conversion to photo voltaic in lower than two months, a evaluate of monetary photo voltaic incentives, power monitoring and a 25-year guarantee.
Value of photo voltaic panels in Lengthy Island
“The primary benefit and advantage of going photo voltaic is that typically you lower your expenses,” stated Shyam Mehta, the assistant director of distributed power sources on the New York State Power Analysis and Growth Authority. “That’s most likely extra true on Lengthy Island than another portion of the state given how sunny it’s, and given how excessive the value of electrical energy is, most likely solely second to the New York Metropolis area.”
The first advantage of “going photo voltaic” for a home-owner is financial, i.e. decreasing their electrical invoice, Mehta defined. He stated that is achieved by two means: one, any photo voltaic power that’s generated by the system and consumed by the home-owner goes towards decreasing the electrical energy demand. As well as, any extra electrical energy generated by the system that is not consumed by the home-owner goes to the grid and credited to the home-owner on their invoice, by way of internet metering, and thus additional offsetting their invoice to the purpose of probably zeroing the invoice out.
New York ranks within the high 10 states with the best electrical energy charges. The typical electrical energy charge in New York state was 23 cents per kWh in September 2023, resulting in a median month-to-month invoice of $145.40. With electrical energy payments being what they’re, Mehta stated there are growing quantities of photo voltaic panels being put in yearly.
“The expertise is getting cheaper and getting confirmed out,” he stated. “Persons are getting extra comfy with it they usually see their neighbors have photo voltaic and that provides them consolation to go photo voltaic.”
Mehta famous it takes about seven to 10 years to repay the set up prices, relying on what a part of the state you reside, the extent of your particular person photo voltaic system and total power consumption.
Here is a snapshot of the typical prices of a photo voltaic panel buy in New York in comparison with the remainder of the nation. The desk additionally reveals you the way a lot you may be capable of save with the 30% federal tax credit score. Remember that your whole value could possibly be increased in case you add further gear, akin to a photo voltaic battery.
Common value of photo voltaic panels in New York
Typical system dimension (kW)Worth per wattTotal put in costCost after 30% federal tax creditNew York 5$3.65$18,250$12,775National common 8.6$3.67$31,558$22,091
This infographic shows the typical whole money worth, value per watt and typical system dimension for a photo voltaic panel system in your state, in keeping with information from FindEnergy.com. These costs do not account for rebates or potential earnings from tax credit and state incentives. Sure states have no FindEnergy photo voltaic information and are grayed out on the map.
Lengthy Island photo voltaic panel incentives and rebates
Between Lengthy Island’s comparatively giant variety of sunny days and New York state’s solar-friendly insurance policies, shifting to photo voltaic power is actually value contemplating. In truth, CNET named New York state one of many greatest US states for photo voltaic incentives.
Listed below are the native incentives provided to Lengthy Island residents:
Program
Description
Federal tax credit score
As much as a 30% tax credit score that may be utilized to federal taxes. The Inflation Discount Act prolonged the 30% tax credit score for residential methods put in between Dec. 31, 2021 and Jan. 1, 2033.
State tax credit score
New York residents who set up a photo voltaic system could also be eligible for a state tax credit score of 25% for some methods of as much as $5,000.
State gross sales tax exemptions
New York state exempts gross sales taxes for the sale and set up of many solar-related companies. Nevertheless, the exemption doesn’t embrace pool heating or different leisure makes use of.
Storage incentives
The Lengthy Island Energy Authority provides battery storage incentives for each new and current householders. The motivation is offered for the power storage element of a system.
Internet metering program
With internet metering in Lengthy Island, you possibly can ship your additional photo voltaic technology again to the grid in alternate for credit in your electrical invoice. Based on DSIRE, as of February 2023, PSEG/LIPA, the principle utility on Lengthy Island, gives the retail charge for every kilowatt-hour of electrical energy you ship to the grid.
Neighborhood photo voltaic program
Nice for Lengthy Island renters who cannot decide to a photo voltaic panel buy, group photo voltaic packages permit you entry clear power by subscribing to a photo voltaic venture. You then save on power prices with electrical invoice reductions. You’ll be able to study extra about the right way to subscribe to PSEG Lengthy Island group photo voltaic choices right here.
The right way to decide which Lengthy Island photo voltaic firm is greatest for me
Mehta stated residents who select to go photo voltaic have to test references of set up firms. He added you should discuss with individuals who beforehand labored with that installer, do some web analysis, learn critiques and get a request for proposals from not less than three separate installers.
“You want to take time and punctiliously evaluate the proposal together with the financing choices as a result of the proposal you get might embrace a mortgage element or a lease element,” Mehta famous.
Set up elements to bear in mind
Nevertheless, Mehta emphasizes you will need to do intensive analysis on whether or not photo voltaic panel set up is suitable for his or her house.
“It is utterly doable in your specific occasion going photo voltaic might not make sense,” he stated. He cites homes which have giant quantities of shade or the roof faces south, thus it might not generate photo voltaic power. “You undoubtedly need to take your time earlier than you make that call.”
Another points to contemplate for potential clients might embrace:
Roof situation and pitch: The angle and pitch of the home’s roof will generate sufficient photo voltaic power for the panel set up to be a worthwhile funding. “Sometimes, photo voltaic panels carry out greatest on south-facing roofs with a slope between 15 and 40 levels, although different roofs could also be appropriate too,” in keeping with the US Division of Power. Owners ought to seek the advice of with a good photo voltaic panel installer to find out the feasibility of set up, main with conversations relating to dimension, situation and age of the prevailing roof.Renting vs. proudly owning your property: In the event you’re renting a home and foresee buying a house within the not-too-distant future, the prices of putting in photo voltaic panels is probably not well worth the funding. A viable different could also be a group photo voltaic program.Insurance coverage protection: Photo voltaic panels are vulnerable to the climate and different exterior forces. You must test your home-owner’s insurance coverage coverage if there can be protection for the panels upon completion of set up.Owners affiliation laws: New York is certainly one of 21 states that doesn’t have legal guidelines prohibiting HOAs from forbidding photo voltaic panel set up. You must test your HOA’s laws to see if photo voltaic panels are allowed.
The right way to pay for photo voltaic panels in Lengthy Island
Money: Putting in photo voltaic panels might be very costly and many individuals might not have that a lot money out there. Nevertheless, in case you can afford one giant fee, that eliminates further curiosity or charges.
Photo voltaic mortgage: NYSERDA extends three forms of mortgage choices together with an on-bill restoration mortgage, a sensible power mortgage and a renewable power tax credit score bridge mortgage. “It actually depends upon your private scenario,” Mehta stated. “You need to concentrate on all of the choices.”
HELOC or house fairness mortgage: One other sort of mortgage risk is a house fairness mortgage, or HELOC, that lets you use the fairness in your house as collateral. HELOCs can be utilized for upgrading a home, however your threat shedding your property in case you can’t repay the mortgage.
Lease or energy buy settlement: That is an association between the photo voltaic panel set up firm and the home-owner the place the photo voltaic firm maintains possession of the system. With a photo voltaic lease you lease the panels from a photo voltaic firm and obtain a reduced invoice in return. With energy buy agreements, you possibly can earn a reduced charge per kilowatt hour. In each cases, since you don’t personal panels, you can not entry any tax incentives.
Private mortgage: A private mortgage via a good monetary establishment could also be a stable choice by getting the cash up entrance to finance the photo voltaic panel set up after which paying again over time alongside comparable traces to a automobile mortgage. Most private loans are unsecured — which means it doesn’t require collateral, akin to your property. This will remove the danger of shedding your home if there are unexpected monetary issues. Nevertheless, private loans with out collateral usually have increased rates of interest.
How we discovered the most effective photo voltaic firms
The businesses we listed above as “the most effective” are curated from CNET’s greatest photo voltaic firms record. Firms making the most effective record are scored on the gear, warranties and customer support they provide. Then, we be sure these suggestions can be found in your state. You’ll be able to learn a full breakdown of how we evaluate photo voltaic firms right here.
Firms listed beneath the native installers had been chosen in a much less rigorous method. We selected them as a result of they provided one thing distinctive or notable to clients within the state, they appeared well-regarded by web reviewers or as a result of they had been one of many few installers we may discover data on within the state.
Whether or not we have accomplished a full evaluate on an organization or not, it is at all times a good suggestion to get a number of quotes from completely different installers earlier than selecting an organization.
Solar energy FAQs
What are the benefits of photo voltaic panels?
Lengthy Island residents face a number of the highest electrical energy charges all through the state. Photo voltaic panels can result in some value financial savings over time.
How lengthy does it take to repay photo voltaic panels?
Seven to 10 years on Lengthy Island, relying on any variety of elements, together with the extent of the put in system, the particular space on Lengthy Island the place you reside and the general power consumption.
Are photo voltaic panels value it in Lengthy Island?
In the event you reside in an space the place there’s sufficient photo voltaic power out there for a home, it may be a worthwhile funding.
Does Lengthy Island supply a photo voltaic tax credit score?
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