The Pros and Cons of Solar Ownership
Solar ownership is a relatively recent phenomenon in New York. In the past, solar financing wasn’t as common as it is today, so owning your solar system entailed significant upfront investment. While the federal and state tax incentives would effectively reimburse a major portion of that cost for eligible taxpayers, the upfront cost was still formidable enough to dissuade many homeowners from buying their solar system outright.
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