Awarded 2024 NYSERDA Quality Solar Installer – Platinum Status Designation

$0 Down Solar Solutions

Did you know that you can go solar without putting any money down? Yes, this is possible with our zero down solar solutions!

You can even save money from day one with a monthly loan or lease payment that is less than your current utility bill.

Not only can solar save you money in the short term, but it will always save you money over the long run because it allows you to lock in your electricity rate in today’s dollars. This protects you from inevitable rate hikes by your utility company over the next several years, and even the next several decades given the fact that SunPower panels have an expected useful life of forty years.

If you go solar with a loan, once your loan is paid off, the electricity you produce will then be free. Most of our customers choose to go with a 15 year loan term, but we do offer shorter and longer terms.

If you’d like to learn more about our different loan and lease options, read on below. 

Solar Loan

Solar loans are our most popular payment option, with nearly 70% of our customers choosing to take this route. 

Our solar loans require no money down, and we have several terms and interest rate options available. Loan terms range from 5 to 25 years, with interest rates as low as 2.99%.

Solar loans are eligible for all current incentives and tax credits. Most loans do not charge you interest on the amount of the tax credits you will be eligible for, but do expect you to pay those back toward your loan balance when you receive them in order to keep your monthly payment at the same low rate.

We also offer 0% interest loans to cover just the amount of the tax credits until you get those back. These can be a great option for those who wish to purchase their system outright, but don’t wish to outlay the amount of the tax credits they will receive at tax time out of their pocket now.

Remember to always speak to a tax professional about your specific tax situation, and if you will be able to take advantage of the tax credits.

You can also learn more about current solar incentives and tax credits available here.

Solar loans are a great option for those looking to save money on their utility bill from day one with no money down and a low monthly payment, or to lock in their electric price in today’s dollars against inevitable future rate hikes. The awesome added bonus is that you will then receive free electricity from your solar panels once your loan is paid off.

Contact us today to see if a solar loan is the right option for you, and to receive a free quote.

Solar Lease

Solar leases are a great option for those who are retired, or who otherwise do not have the tax appetite to take advantage of the federal Solar Investment Tax Credit (ITC). You cannot take advantage of the federal tax credit using a lease.

However, a solar lease will almost always give you the lowest monthly payment upfront of all of our financing options. 

You can still take advantage of the NYSERDA grant and the NYS tax credit up to $5,000 with a lease, assuming appropriate tax appetite. This means that your first $5000 in lease payments, or several years worth of electric bills in most cases, could come at no cost to you!

Remember to always speak to a tax professional about your specific situation, and if you will be eligible to take advantage of the state tax credit. You can also learn more about current solar incentives and tax credits available here.

Our leases run for a 25 year term, with 0% or 2.9% escalator options.

Leases are another great option for lowering electric bills from day one, and locking in your utility rate against rate hikes from the utility company. 

Decisions about whether to go with a lease or a loan usually boil down to eligible tax appetite, and whether your goal is greater savings over the long term, or greater monthly savings from day one. We are more than happy to present you with both options and to discuss which might be best for your unique situation. Contact us today to learn more and for a free quote.

Graphic comparing loan and lease 

Direct Purchase

The last financial method available to obtain a solar system is a direct purchase. This will obviously involve a cash outlay upfront, but is the method that will save you the most money over the long run. The average payback period for a direct solar purchase is eight years.

Zero Down Solar Solutions

At NYSSF, we want to help make solar energy accessible  to everyone. If you are interested in switching to solar, want to know more about its benefits and financial perks – contact us today for a free quote.

Get A Free Quote Today

As a homeowner, one of the best investments you can make is in solar energy. With energy costs at an all time high and continuing to rise, solar panel systems can save you money from day one. Homes with solar also sell for more given their cost savings & environmental benefits. Solar just makes sense.
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