Syracuse Solar and Wind of Central New York is an autorized NABCEP and NYSERDA Solar panel installation company. Syracuse Solar and Wind offers its customers the opportunity to finance a solar system through its utility bill.
The program works by allowing you to pay for your new solar system through your energy savings. Your monthly electric bill stays the same as it has been. The savings are applied to your balance.
You can finance a maximum of $13,000 and more if it meets additional energy efficiency standards. You can finance your system for 5, 10, or 15 years. NYSERDA offers an attractive interest rate of 3.49 or 3.99 percent.
On a typical 9000 watts solar system with a contract cost of $27,000 and subtracting the NYSERDA rebate of $9,000 leaves the amount of money needed to be financed at 18,000
Paying for your solar through your utility bill @ 3.99 or 3.49 percent for auto payment
Amount to be fianced on utlity bill $18,000
Up front payment: $5500.00
Amount of kilowatt hours the solar system will make 10,200 kwh an average of
|Before Solar||On Bill Financing|
|National Grid Bill||$135.00||$40.00|
When you receive your $9900.00 in Tax Credits you can apply those to the loan or have a great vacation.
Your loan is payed off in 12.5 years and the next 20 years of solar production is all PROFIT.
* These are not actual loan numbers and are only for explanations purposes. All solar systems are priced differently due to the amount of work and circumstances of each individual home or business.