FAQs & Financing - Solar Power and Community Solar Programs
Q. How do I know if my home is suitable for
solar?
A. The most suitable location for a
roof-mounted solar PV system is a south-facing roof with little to no shading
from obstructions. Shading on the system can reduce energy output, so it is
important to assess the locations of current obstructions around your home.
Advances in panel and inverter technologies can allow homes with east or
west-facing roofs and moderate shading to benefit from solar PV as well.
Q. Will the system produce electricity on
cloudy days?
A. Yes, just not as much. An overcast sky will
produce less electricity than a clear, sunny day.
Q. Will my system produce power if there is
a blackout?
A. Without a battery backup, grid-tied
solar PV systems will not operate when the power grid is down. This safety
requirement, called “anti-islanding” allows utility linemen to safely repair
power lines during a power outage. You may choose to add a battery backup to
your solar system to keep the lights on during a blackout.
Q. How long will the installation process
take?
A. From the day you sign a contract with an
installer, it can take between a few weeks and a few months before your solar
PV system will be turned on. The physical installation of the solar system
typically takes anywhere from two to three days.
Q. What sort of maintenance is required?
A. Solar PV systems require virtually
no maintenance. Rain showers will generally take care of pollen and dust that
fall on your solar panels. In extremely snowy winters, you may have to clear
snow from your roof to maximize winter production. Snow will melt off of
a tilted system except when there is an extremely heavy snow or prolonged
freezing temperatures. To brush snow off, you should use a tool specially
designed for solar with a soft working surface.
Q. What size system should I install?
A. Every situation is different. The
average residential solar system in New York is approximately 5-7 kW and
produces approximately 5287-8400 kWh per year, but this could be too big or too
small for you.. Your installer will work with you to design a system with
characteristics that will meet your specific needs.
Q. How will solar affect my home’s value?
A. Solar systems add to a property’s value.
Plus a solar PV system insulates you from rising electricity rates. Once the
system has paid for itself, the electricity it generates is absolutely free!
Q. How much will I save by installing a
solar system?
A. Your savings depend on the size of the
system you choose, your annual electrical usage, electricity rates, and any
financing option that you choose from your installer. To start, ask your solar
installer how much electricity your new system is expected to produce on an
annual basis and then compare that number to how much electricity your
household uses to get an idea of how much you could save. Additionally, a
homeowner’s savings are affected by the financing package chosen. Installers
can also help you determine how much money you could save if electricity prices
escalate over time.
Q. Will I still receive a monthly electric
bill after installing a solar system?
A. Yes. You will receive a monthly bill
from your utility company as you always have, but the amount owed will differ
depending on your monthly electrical usage. Depending on how your system is
sized, you may accrue credits in the more productive summer months which
through “net metering” can be carried over and used in the less productive
winter months. Even if your system entirely offsets your electrical usage,
there is still a flat monthly fee required, in order to be connected to the
grid.
Q. Am I required to use the installer that
was preselected for my community?
A. To take advantage of the special pricing
structure offered through the Solar Schuyler program, you’ll need to work with
your pre-selected installer. However, other solar installers may be able to
offer you competitive pricing and can access many of the same financing tools
available. Anyone is free to work with any contractor they wish, but may feel
more comfortable working with the installer that was selected by Solar Schuyler.
Q. Are state incentives available for my
system?
A. The
New York State Energy Research Development Authority (NYSERDA) provides
incentives (currently $.40/watt) to help New Yorkers go solar. In
addition, NYS offers a 25% state tax credit on your system's total cost.
Q. Are federal incentives available for my
system?
A. The
federal government provides an investment tax credit equal to 30% of your
system’s total installed cost, net of state incentives. This can be claimed on
your Federal tax return.
Q. What financing options are available to
help me purchase a solar system?
A. NYSERDA supports two different loan
options to help homeowners go solar. There are no upfront costs for
either:
Option A: On-Bill Recovery Loan Program NYSERDA 1-866-NYSERDA Finance energy efficiency improvements to your home through a charge on your utility bill. Repayment amount will be based on projected savings on your energy bills. Interest rate is 3.49% and loan is transferable if you sell your property.
Option B: Home Performance with Energy Star® Residential Loan NYSERDA 1-866-NYSERDA You may qualify for a loan up to $25,000. Interest rate is 3.99% or 3.49% with autopay. You select a term of 5, 10, or 15 years.
TO ENROLL- www.solarschuyler.com
Last updated February 9, 2018