Solar panels

Solar Panels in Apartments

A Big Change for the Big City

Every sunrise brings with it a new set of opportunities to a number of particular citizens living in New York City. That statement is not just some gaudy metaphor about the ingenuity of the human spirit. No. In these particular cases, the subject at hand is the savings of well-earned cash spent on utility bills. But, people needing and searching for ways to save on their household budget is nothing new. So, what is the big deal about how a sample of the citizenship in NYC save monthly? The big bang in this tale comes from two words; solar panels. The reason why solar panels at work the city garner attention is because it happens for apartment complexes. Before recent times, only homeowners could have bragging rights to this technological advance.

Community Collaboration with Environmental Benefits

With a story this interesting, the names of the people and organizations in play are not the details that deserve a lot of the attention. The location of the circumstances under way also warrants a strong nod of recognition. For example, one communal solar project is shaving utility bills for members all over the city from the rooftops of the Truck and Trailer Service Ltd located in Brooklyn. And, that is just the beginning as regulations and collaborations between businesses and property owners facilitate new opportunities for all to take advantage from Manhattan Island to the Bronx. As for one of the names to look for to truly appreciate this opportunity, IPP solar is something of a pioneer. The people who represent and constitute the workforce of this solar firm understand that for some group members the reward they receive is not just about saving money. A big part behind their joining the movement is about concern for the environment.

Key points to remember are:

  • Solar panels not only save money but the environment.
  • Savings occur in areas all over NYC.

A New Twist on an Old Theme

Being a benefit for the environment and the community at large is a huge part if this new wave of solar panel use. However, there is a business side to it, which resembles an old way of life that many New Yorkers recognize all too well. In a word, it all comes down to the brokerage. Community groups work out the details of selling solar power to electric companies. This yields returns of discounts to the members of the groups closing the deal. How much of a discount member receive depends mainly on the size and arrangement of the panels and how much energy they produce. Of course, the number of members within a group also influences how of a discount they can expect to see.

Key points to remember are:

  • Discounts from solar panel use are brokered and vary between groups.
  • Group sizes and solar panel arrays are contributing factors.

The Four Basic Parts to the System

No matter how much energy a solar panel arrangement produces or how many members a community group holds, there is a basic structure for the entire process. It involves a host, the sponsor, utility companies, and customers. The host is the party responsible for purchasing the panels or the party who owns the property they rest on. The sponsor is responsible for the maintenance of the panels and leases them to the host from the start in some cases. The sponsor also is the party that sells the energy from the solar panels to the utility company in the form of credits. These credits are then passed along to qualifying customers accordingly. It simple, right? For all of the New York citizens to participate in this system, the utility company is Consolidated Edison, which is also known as ConEd.

Key points to remember are:

  • The four parts of a solar panel saving systems are the host, sponsor, company, customer.
  • Many deals in NYC are made with Coned.

ConEd Customers Need to Join a Community Group

Really, one of the best aspects of this techno-economic revolution is that any and every person who pays a bill to ConEd is eligible to join a community group. So, there is no excuse for not earning back something on a utility bill. Another cool part of this set up in the “Big Apple” is that the city is starting to see several instances of these saving systems all across different boroughs. Perhaps best of all, there are many different community solar groups in operation with a promising future of more to come. Some of these groups even operate locally adding more value to the nature of the business. They guarantee discounts that land savings anywhere between 10 to 15 percent per billing cycle.

Key points to remember are:

  • Every ConEd customer can join a community group.
  • Joining the right group can definitely earn members worthwhile discounts.

If you are considering installing solar panels at home, we can help you and assess you throughout the process. Contact us for more detail information about solar panels.