February 28, 2020
Power solutions like solar energy have grown dramatically since 2007. The cost of equipment has dropped nearly 80%, and as of 2020 it's actually cheaper to install solar panels on your roof than it is to install a brand new roof on your home. This logic can also be applied to commercial and industrial properties. As many of us know, Long Island and PSEG-LI have one of the highest electric rates in the country, which makes the average IRR for a solar energy project exceed 15% of IRR that is unlevered.
The next big wave that we are going to see is energy storage projects in Long Island for commercial and industrial properties. PSEG-LI has a dynamic load management tariff that provides significant value to ratepayers. Areas such as Ronkonkoma, NY, Islandia, NY, and New Hyde Park, NY have seen a great saturation of solar energy developments.
YSG Solar is a project development vehicle responsible for commoditizing energy infrastructure projects. We work with long-term owners and operators to provide clean energy assets with stable, predictable cash flows. YSG's market focus is distributed generation and utility-scale projects located within North America.
If you’re a Long Island resident interested in going solar, contact YSG today. YSG Solar has over ten years of experience in the solar industry, and plenty of options for every customer’s energy needs. Contact YSG Solar today to find out how much you could save on your utility bills. Send us an email, or call the office at 212.389.9215 to learn more.