Residential Solar Financing

Solar Is Affordable For Everyone

Solar Panels Installed with No Money Down at GREAT Rates

Home owners in Rochester, Buffalo, or Syracuse. We can finance your solar panel installation. Great Rates. Term that will fit your budget.  The best part is we can do it for no money down.

Ecovis solar can finance your solar panel installation right through your utility bill. Imagine, having solar panels installed for a lower cost than the utility.  No additional cost.   Once your solar panel installation loan is paid you will have NO need to buy electricity.

We are a NY SUN certified solar panel installer. Our certification authorizes Ecovis Solar to off our customers fantastic solar grants.

Residential Solar Panel installation Financing Options

Installing Solar on Your Home is an Investment

Utilities companies in Buffalo, Rochester and Syracuse are paying ever-increasing rates for electricity. Installing solar panels is the best way to put thousands of dollars back in your pocket. Solar panels adds value to your home. Solar panels can make you money for the next fifty years. The also combat climate change.

We Help You Take Advantage of Solar Grants to Help Pay For Your Solar System

With affordable, financing, generous tax credit from the Federal government, New York State tax credits, and NY SUN grants from NYSERDA (New York State Energy Research & Development), the cost for a residential solar panel installation is at an all time low, which means a quicker pay back time for you! Once your system is paid off, you could eliminate your electric bill.

Let’s take a look at an example solar project, and see how you could be saving money every month.

Let’s assume the total cost of your solar panel installation will be $18,900. We apply for NY Sun Grant through NYSERDA that can reduce that total cost, bringing the amount to be financed down to $16,100. We can help you obtain 12 month, no interest, no payment financing. Combine the 12 months no interest no payments loan with low interest long term financing through NYSERDA you can have your solar panels installed with no money out of pocket.

Total Project Cost$18,900
  NYSERDA Grant($2,800)
  Amount to be Financed$16,100

In addition to an NYSERDA Solar Grant, there are Federal Solar and New York State Solar tax credits that can be applied to your amount financed, bringing the contract cost even lower!

Amount to be Financed$16,100
  Federal Tax Credit($5,670)
  NYS Tax Credit($4,025)
  Contract Cost$6,405

This remaining balance can be paid “on-bill”, which means you make payments for your new solar system through your energy savings.

If, for example, your electric bill before your solar installation was $125 per month. After your solar installation, your electric bill has been reduced to just $50 per month, a savings of $75 per month! You would make a $53 per month payment through your utility bill towards the amount financed, for a total payment of $103 per month – a savings of $22 per month! Once your system is paid off, you’d be saving $900 per year that wouldn’t have to be paid to a utility company!

On-bill financing is only one option for taking care of your final contract cost. Depending on your system installation cost, grants awarded, and financing and payment choices, you could have your entire system paid off in as little as 5-7 years. After that, every dollar saved from your solar installation is a dollar put directly back in your pocket!

Request Your Free Solar Consultation Today

From The Blog
About Ecovis

Ecovis Solar is the leading certified solar energy provider in western New York, helping the residents of Rochester, Syracuse, Buffalo, and beyond switch to solar and save.


Should I Lease or Own My Solar System?​

Solar Loans vs Leasing

You may be tempted to finance your solar panels through a solar lease. But, consider the longer term consequences! A lease company can veto any home sale, and most potential buyers will not want to purchase a home and be obligated to assume the lease. The lease company may use a $0 down promise as a way to lure you into a contract structured so that they are the recipient of any grants or tax credits you may be eligible for. This means you will be stuck leasing at a higher cost than you’d be paying if you had received grants or tax credits and financed the remaining portion of the installation cost.

Remember, if someone is pressuring you to make a sale today, before you are able to receive additional quotes or properly consider the long term consequences of your decision, they are probably not looking out for your best interests!

For more information on costs, grants, or financing options, we encourage you to contact us today. We can evaluate your specific home energy usage and put together a detailed cost analysis just for you! 

Currently Available Grants & Credits

New York Sun Energy Smart Loan

The New York Sun Energy Smart Loan, offered by NYSERDA, offers affordable rates (as low as 3.49%), flexible terms, and simple repayment options for people wishing to finance their solar panel installation. Paying a New York Sun Energy Smart Loan is similar to any other conventional loan – you make monthly payments to NYSERDA’s loan services by check or automatic bank draws.

PON 2112 Solar PV Program Financial Incentives

The PON 2112 is a grant that provides cash incentives and/or financing for the installation of new grid-connected solar systems by contractors and builders. This grant is intended to help develop a highly educated and skilled solar installer network in our area, to match the growing demands. PON 2112 also offers post-installation quality assurance, including a rigorous inspection service to ensure your solar panel installation meets all applicable codes.

New York Solar Property Tax Exemptions

In most areas of New York state, solar panels installed on a roof are exempt from property taxes. This exemption was mandatory prior to a 1990 reenactment, in which a “local option” clause was added. This exemption is valid unless a government specifically opts out of the exemption (as opposed to the more common practice of requirement governments to “opt in” in order to receive an exemption). We can help you identify any property tax exemptions that may apply to your installation!

Federal Residential Solar Tax Credit

Residential solar customers may receive a 30% tax credit for solar systems installed on a qualifying residence. Expenditures may include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year!

Federal Commercial Solar Tax Credit​

The federal commercial solar tax credit actually includes mutiple types of renewable technologies, including solar space heating, solar hot water and photovoltaic panels. This credit could result in thousands of dollars in tax credits. Combined with the NYSERDA solar grant and accelerated depreciation, you could be acquiring assets for less than 25 cents on the dollar.

Federal Accelerated Depreciations (MARCS)

Under the Federal Modified Accelerated Cost-Recovery System (MARCS), a business may recover investments in solar panel installation through depreciation deductions. The MARCS establishes a time table for different types of energy saving devices, ranging from three to fifty years!


What People Are Saying

Request Your Free Solar Consultation Today

From The Blog
About Ecovis

Ecovis Solar is the leading certified solar energy provider in western New York, helping the residents of Rochester, Syracuse, Buffalo, and beyond switch to solar and save.