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YSG Solar is actively engaged in the NY-Sun initiative to make solar more accessible to households and businesses across the state. The NY-Sun suite of programs, carried out in conjunction with Green Jobs Green New York efficiency and incentive programs, deliver affordable solar systems designed to meet a significant percentage of your electricity needs. The easiest way to make solar more affordable for your home or business is to combine incentive options with low-interest rate financing, and YSG Solar can help.

On-Bill Financing & Low-Interest Loans

New York State Energy Research and Development Authority (NYSERDA) offers three types of loan programs for residential and small commercial buildings. Residential Smart Energy Loans and Commercial Participation Loans are a more traditional loan that offers affordable interest rates and simple repayment options. While On-Bill Recovery Loans provide the convenience of paying for energy improvements on your monthly utility bill, with options for both residential and commercial customers.

Residential Smart Energy Loans or On-Bill Recovery Loans for up to $13,000 (up to $25,000 with higher cost-effectiveness standards) are available for existing residential buildings with four or fewer units. Available repayment periods are 5, 10 or 15 years.

For commercial buildings that house small business and not-for-profit organizations, Participation Loans of up to $100,000 and On-Bill Recovery loans of up to $50,000 at 2.5% interest are available with repayment periods of up to 10 years.

PACE Financing

PACE Financing

Energize NY also offers solar loans for small businesses and non-profits, however not all buildings are eligible. The program makes use of an innovative financing model called Property Assessed Clean Energy (PACE).

  • Building must be in an Energize NY community

  • Eligibility for financing is based on the building’s ability to save energy as a result of the solar project.

  • Financing is repaid through an annual charge on the tax bill for the property over the term of the loan and automatically transfers to the new owner if the property is sold during the loan term.

  • Financing is available for up to 100% of the project cost.

  • Flexible customizable loan terms of up to 20 years.

  • Interest rates range from 4%-6.5%

Available Solar Tax Rebates

Available Solar Tax Rebates

All applicable tax rebates must be applied for by your solar contractor. Your YSG Solar account representative will explain the process and walk you through every step we take to make your system effective and affordable.

Residential

Commercial

Real Property Tax Exemption

Form RP 487 from NYS Department of Taxation and Finance:

This is filed with the local property assessor. Some municipalities and School Districts have opted out and will include the value of the solar in your property tax assessment without the exemption.

List by county of communities and school districts that have opted out.

New York City Real Property Tax Abatement Program

This program is available in New York City and through the NYC Department of Buildings

http://www.nyc.gov/html/gbee/html/incentives/solar.shtml

Purchase Power Agreement (PPA) & Leasing Options for Solar

Purchase Power Agreement (PPA) & Leasing Options for Solar

If you aren't ready to purchase and have your own solar panels installed, you can take advantage of popular leasing and Purchase Power Agreement (PPA) options. Both of these solutions offer flexibility and require less of an initial investment.

On-Bill Financing & Low-Interest Loans

On-Bill Financing & Low-Interest Loans

New York State Energy Research and Development Authority (NYSERDA) offers three types of loan programs for residential and small commercial buildings. Residential Smart Energy Loans and Commercial Participation Loans are a more traditional loan that offers affordable interest rates and simple repayment options. While On-Bill Recovery Loans provide the convenience of paying for energy improvements on your monthly utility bill, with options for both residential and commercial customers.

Residential Smart Energy Loans or On-Bill Recovery Loans for up to $13,000 (up to $25,000 with higher cost-effectiveness standards) are available for existing residential buildings with four or fewer units. Available repayment periods are 5, 10 or 15 years.

For commercial buildings that house small business and not-for-profit organizations, Participation Loans of up to $100,000 and On-Bill Recovery loans of up to $50,000 at 2.5% interest are available with repayment periods of up to 10 years.

NYSERDA Solar Financing Quick Guide

NYSERDA Solar Financing Quick Guide

Residential Smart Energy Loans

  • Affordable interest rates, flexible terms, and simple repayment options.

  • Interest rates are subject to the customer’s credit qualification.

  • Interest rates are subject to change.

Residential On-Bill Recovery Loan

  • Interest rates are subject to the customer’s credit qualification.

  • Interest rates are subject to change.

  • Payments included in monthly utility bill.

  • Energy savings may cover most or all of your monthly loan payment.

  • Requires a declaration to be signed and filed by NYSERDA to provide notice to others of the obligation under the loan note. The declaration is not a lien on the property.

  • If the property is sold, the unpaid balance of the loan may be transferred to the new owners.

Small Commercial Participation Loans

  • Up to $100,000 in financing at a below-market interest rate.

  • NYSERDA provides 50% of the project cost, up to $50,000, at 2% interest.

  • Participating lending partner provides remainder of the loan at the market interest rate.

  • Borrowers make loan payments directly to their lender like a typical loan.

Small Business/Not-for Profit On-Bill Recovery Loan

  • For small business and not-for-profit loans the current interest rate is 2.5%.

  • Interest rates are subject to change.

  • Payments included in monthly utility bill.

  • Energy savings may cover most or all of your monthly loan payment.

  • Requires a declaration to be signed and filed by NYSERDA to provide notice to others of the obligation under the loan note. The declaration is not a lien on the property.

  • If the property is sold, the unpaid balance of the loan may be transferred to the new owners.

Learn more about financing, PPA and leasing options, as well as rebates by talking to one of our experts. Call 516.855.7283 or contact us today!

What Our Customers Are Saying

  • David delivers! A true professional that talks at any level in discussing complex systems. David staff is knowledgeable about the product and is efficient installer. I would highly recommend them. David's team delivers!

    Chris S, Batavia, NY
  • I thought that this would be a good investment towards my retirement. The time will never be better do to solar energy the federal government provides tax credit and I would not hesitate to do it.

    Gerald Singleton, Queens, NY
  • YSG Solar is the best company when it comes to price of the system, quality of materials, and workmanship. I checked about 7 different companies and YSG offered the best system with the most up to date, state of the art, solar equipment.

    Anthony D, Huntington, NY
  • Love being a Solar family now! My utility bill has dropped to next to nothing. YSG Solar was a fabulous company to deal with. Everything they said they would do, they did. The job was completed quickly and professionally with no hiccups.

    George T, Washingtonville, NY
  • residential solar panels Hamburg, NY

    I had a 7kw solar system installed in July of 2012 by YSG and I'm thrilled with with the outcome, My first bill was under $20 and I have an inground pool and the pump that runs 12 hrs. a day, July and August were hot and the air conditioning ran just about every day all day.

    Rod, Hamburg, NY
  • home solar panel installation, East North Port, NY

    I was most satisfied with the professionalism of everyone from YSG. I would like to recognize Dave for his exceptional service on my project.

    Danny G, East North Port, NY
  • residential solar panel installation in Garden City, NY

    Very knowledgeable courteous would highly recommend the crew was extremely professional.

    Fiona B., Garden City, NY
  • home solar installation in West Islip, NY

    I was most satisfied with the way that it was installed. They cleaned up everything and we had no problems with the Installation

    Vincent D., West Islip, NY
  • home solar panel installation, West Seneca, NY

    I was most satisfied with how they handled all of the paperwork and all the work permits. I recommend them all the time and send their contact information to everyone any chance that I get. I was very happy with them.

    Gina S., West Seneca, NY
  • residential solar panel array in Huntington, NY

    We received rebates for making our home more energy efficient from both the utility company and the government.

    Robert F., Huntington, NY
  • My electric bill last month was $28.48!!! I can't wait to see the summer bills.

    Richard F., Grand Island, NY
  • The quality of the work and professionalism of the staff was outstanding.

    Andy G., Island Park, NY
  • I would like to thank the staff at You Save Green for doing a good job and their professionalism. I would and will recommend them for solar installations.

    Beverly C., Freeport, NY
  • Very nice crew , polite and efficient. advised me of numerous details along the w ay and lived up to everything they promised. would highly recommend them to all.

    Eddie S., Brooklyn, NY
  • I have to say your workers at YSG Joshua, Henry & Nelwin are terrific! They are going above and beyond and doing a great job. Thanks again.

    Mercedes V., Howardbeach, NY
  • I was most satisfied with the workmanship. It was excellent. Both of my neighbors have used them, and a friend of mine used them. I hand out their paperwork to anyone that's interested in saving money.

    Larry G, Huntington NY
  • I am very happy with the solar system! it is producing very nicely and will probably beet the annual estimate you gave me.

    David W., Palmyra, NY
  • I was most satisfied that they worked long hours and did a really fast job.

    Colean C., West Babylon, NY