February 25, 2020
If you want to know whether or not solar is worth it, it’s important to understand the motivations behind going solar. Generally, the most common reasons for a residential or commercial solar installation are something along the lines of:
Saving on electric bills
Avoiding rising utility costs
Increasing property value
Helping the environment
However, in certain states, like New York and New Jersey, there are also community solar programs available to consumers. Community solar programs which, with the exception of ‘increasing property value’, can offer all of these key solar benefits without the necessity of a solar panel installation on your own home or business. With this in mind, solar developers like YSG Solar will take every option into account when determining the best course of action for solar customers.
Firstly, and most importantly, we evaluate the location of where the solar panels could be installed. Do you have an area on the ground or roof that receives unobstructed sunlight for at least 6 hours per day? If not, does state policy allow for community solar projects? (For example, Xcel’s excellent community solar program in Minnesota).
After we have determined this, we evaluate all possible incentives from utilities such as ConEdison and all tax credits which may be available. The Federal government still has an investment tax credit, and New York state does have a tax credit for residential solar panel installations under Form IT-255.
However, there are a number of community solar markets which have been thriving recently—and this could make you think twice before installing more traditional rooftop solar panels for your home or business. Below, you’ll find a list of just some of these community solar & shared solar markets which are thriving across the United States.
Popular Community Solar Programs in the United States
ConEdison Community Solar Illinois
Xcel Community Solar Minnesota
PSEG Community Solar New Jersey
PSEG Long Island Community Solar
ConEdison Community Solar New York City
ConEdison Community Solar Westchester
O&R Community Solar Orange & Rockland
SMART National Grid Community Solar Massachusetts
National Grid ReGrowth Community Solar & Community Net Metering Rhode Island
For residents of New York and New Jersey, a solar panel installation is a cost-efficient way to generate renewable energy and save money. However, with the recent growth of community solar in both New York and New Jersey, a subscription to community solar could be a better option for you. It all varies on a case-by-case basis and the only way to know for sure is to speak to a YSG Solar Energy Consultant today. An expert in the solar field will evaluate your situation to determine which solar avenue is best for you to maximize utility bill savings.
Solar is simple and straightforward when you work with a reputable developer like YSG Solar. Contact YSG Solar today to learn which option is best for you. We take care of the entire solar process from start to finish, simplifying things for our customers. Send us an email, or call at 212.389.9215 to learn more.