Why More Homeowners Are Choosing Solar—and How to Afford It​​​​​​​

As solar energy adoption continues to rise across the United States, many homeowners are increasingly recognizing the multifaceted benefits of residential solar electricity. In addition to environmental advantages, solar installations offer significant financial incentives, enhance property values, and contribute to energy resilience.

Investing in residential solar panels can lead to substantial reductions in monthly utility bills. The extent of these savings depends on factors such as household electricity consumption, system size, and local electricity rates.

The installation of solar panels are often viewed as a valuable home upgrade. Studies have shown that homes equipped with solar energy systems tend to sell at a premium compared to those without. This increase in property value reflects the growing demand for energy-efficient and sustainable home features.

When you add battery storage to your solar panels, you can keep the lights on even if the grid goes down. A solar-plus-storage setup gives you a reliable backup, so your essential appliances and systems keep running when you need them most.

 

For interested homeowners in New York looking to enhance their energy independence, Sunmark Credit Union offers tailored solar financing solutions. In partnership with NYSERDA and Solar United Neighbors, Sunmark provides solar loans with competitive fixed rates and flexible terms. For those with little or no home equity, the Solar Loan option offers up to $50,000 without requiring an appraisal. These financing options make it easier to invest in solar energy, promoting both resilience and sustainability.

 

Take a look at our loan options and see what best fits you.

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