Page added on October 23, 2009
Lots of government incentives, plus production costs have dropped a third
NEW YORK – Jillian Lung says she’s no environmentalist. Still, she couldn’t pass up a chance to install a carpet of solar panels atop her co-op in Queens.
“At these prices, why not?” Lung said.
The government has plowed so much cash into the solar industry that it’s effectively pulled the luxury tag off of home solar systems. Combined with local incentives, buyers can save up to 90 percent on a system, whether it’s for a single-family home or a 75-unit condo in the city.
Thousands of homeowners are finding they can pay off a rooftop solar system in just a few years and then start pocketing the energy savings.
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