Good News and Bad News
First the good news, the LIPA rebates on solar power are going to remain in place for a while. The bad news is, last week they dropped $0.25 without as much as a day’s warning and will continue to drop going forward. They moved declining scale system based on approved rebates. For example: the current rebate is $2.50 per watt. Once they approve one megawatt (1,000,000 watts) in rebates, they will drop the rate to $2.25. After they approve the next megawatt, it will drop another quarter, and so on. This will keep the project going but there is no telling when they will reach those break points.
They also added a $100 application fee. That is actually a good thing. This will keep the frivolous applications down to a minimum so as not to bog down the system. This will be a great help in getting commitment letters back in a timely fashion. LI Power Solutions is happy to pay that fee for our customers.
The question becomes; How serious are you about doing solar in your home or business? If you think you are at least better than 50/50, you might want to invest the hundred bucks and put in your application. LI Power Solutions is willing to submit your application for the $100 LIPA fee and a $50 drawing fee. If you decide to go ahead with the project, those fees will be returned to you.
After submitting the application, it takes LIPA at least 2-3 months to return the commitment letter. Then you have 6 months to do the project. If you decide against it, you can withdraw your application at any time. This will buy you about 8 – 9 months to decide. If you decide to change anything on your application, including contractors, that is done with a simple revision application. The key is to get your name in the system before the rebates drop again.
Please call me, Joe at 631 256-6022 to discuss this further.
Or Visit: www.LongIslandPowerSolutions.com
