Community Solar vs. Owning Your Solar: Get The Facts
Community Solar is a big initiative in New York State but it is very different from owning your own solar. Community Solar is the best option for apartments, condominiums, and homes with immense shading on the roof or not enough property for a ground mount array to produce their own clean energy. Community Solar has distinct disadvantages that make it a less advantageous financial investment than owning your own solar panels.
Let’s review some of the Pros and Cons of Community Solar Vs. Rooftop/Ground Mount Solar below!
Available for renters
Subscription based model saving typically 10% or less on your electric bill
Instant sign up possible
Unable to reap lucrative solar tax credits
You do not own the system, it does not increase your property value
Ineligible for NYSERDA Cash Rebate Incentive
May be required to purchase into the Community Solar Project
Eligible for 30% Federal Tax Credits & 25% State Tax Credits
Eligible for NYSERDA Cash Incentive & Financing
Ownership of the panels increases value of the home
Better return on investment than traditional investments
Must be a homeowner or property owner
Interested in taking advantage of the clean energy benefits of solar energy but are not sure which route is best for you? We have a team of industry experts that are ready to help you!