solar panels

Solar Power for Lease to Home-Owners

Summer is here and it’s the perfect time to take advantage of solar power. A Staten Island company is helping home-owners take advantage of the summer sun by allowing them to lease solar panels for a fixed, monthly lease payment instead of buying the entire system upfront.

Similar solar panel leasing programs have been around for some time now which is a great sign as home-owners are looking for ways to save money on their energy bills. Staten Island is just one of the places that is promoting these “go green” solutions. The New York State Energy Research and Development Authority has shared that there are over 100 solar power construction projects on Staten Island since the first system was installed back in December of 2011. About half of these solar panels are leases or power purchase agreements.

The state of New York has also instituted a rebate program for the contractors that install these solar panel systems at the rate of $1.40 per watt. These savings are then passed on to the consumer making the installation of these green solutions even more economical.

How does Con Edison feel about this explosion of solar panels in New York? Apparently, they have supported the New York Sun Initiative and other such solar programs which is putting millions of dollars into the development of more solar energy use. The logic here is that with the help of solar energy in heavily populated areas, it may help lessen the demand for electricity during peak times of the year.

Of course, solar energy is more than practical and economical, it is also environmentally contentious. Installing more solar panels in New York is going to reduce the city’s “carbon footprint” over time. The more solar energy consumption is promoted, the less we will rely on burning natural gas and coal which we all know to be bad for the environment.

It’s time to “go green”.