Fall 2019 is the best time to go solar for home and business owners in the central and mid-Hudson Valley. Urgently so.

There are two factors for this…

• The Federal Investment Tax Credit is decreasing at year end, going from 30% to 26%
• NYSERDA offers New Yorkers a grant that is calculated to expire by year end

Solar Generation Owner Paul McMenemy Explains the Advantages

From our August 2019 interview with Paul:

“There are two ways to go solar: you can buy it outright; or you can finance it like a car loan. Either way, you get the tax credits, and with a loan you’re paying less than your utility bill while creating your own power!

“A lot of people ask about Return On Investment— but your electric bill is life. It’s not something you can choose. It’s not a discretionary investment, it’s like food or clothing. One way we try to explain it that seems to make sense for people is:

“Instead of paying Central Hudson $150 a month, apply for a seven-year loan, pay the bank $135 per month, and after seven years you’re done — with working panels for another 15 to 20 years, at no cost.

“And, if you ever sell your house, the increase in home value is profound. Here’s how I like to look at it: For every dollar you save in utility costs, add about $20 to the value of your home.”