PSEG LI Solar – Loan, Lease or Purchase Solar Panels – Why Now?
PSEG LI Solar – Loan, Lease or Purchase Solar Panels and take control of your energy costs now.
PSEG Long Island is trying to increase the costs of electricity overall while touting lower overall electrical costs. By taking advantage of cheaper fuel costs, PSEG can reduce overall electricity costs while increasing the costs of delivery.
“The only way to avoid these tactics is to go solar and take control over your energy costs”
said Long Island Solar Contractor Executive David Bar, VP of Grid City Electric.
Prospective solar customers can control costs better if it is produced right on their roof
Getting a solar estimate is as easy as giving Grid City Electric a call or submitting your contact information HERE.
This Chart by Bloomberg has shows that cost of electricity goes up while the cost of solar goes down.
“People who have been on the fence about going solar can take advantage of a sweet spot in solar where low costs coupled with great government solar incentives make a compelling case for solar adoption.” – David Bar of Grid City Electric
Grid City Electric has been installing systems in Long Island and New York City to help alleviate customers concerns about both the PSEG and Coned rising electricity costs. Incentives are on the Federal, State, Local, and sometimes the utility level.
Every customer’s PSEG LI electrical bill is made up of two portions
- Delivery: A strange cost which the utility charges to deliver the power through the electric lines and to keep maintenance.
- Supply: Is the cost to buy the actual power from various power suppliers which relies on the cost of fuels.
Supply Costs (Number 2) relies heavily on the cost of fuel which right now is at a historic low. As costs for fuel go down, utilities can maintain profits while reducing pricing to customers. Delivery Costs (Number 1) is determined by the utilities and the board.
More detailed information about the PSEG rate hike can be found HERE.
Current Scheduled PSEG LI Rate Hike
Although the total cost of electricity may be lower, PSEG LI is not the cause. It is because of market forces pushing down the cost of fuels making costs appear to be cheaper. Delivery costs are still up and are scheduled to increase consistently get full PSEG LI rate hike coverage conducted by Grid City Electric.
PSEG Long Island is doing nothing to reduce energy costs internally.
Rather they are simply sending out notices on ways to reduce your consumption while increasing their internal costs.
Stay up to date
Join all the Long Islanders staying up to date with the latest information delivered right to their inboxes about upcoming PSEG Long Island rate increases, Federal & State rebates & incentives expirations, and important reminders & updates about solar energy on Long Island. Remember, the sooner you go solar, the more you’ll save.
PSEG Solar Long Island NY – Loan, Lease or Purchase Solar Panels