OneRoof Energy, a complete solar services provider and subsidiary of OneRoof Energy Group, recently expanded its residential solar leasing operations to New York state, just one month after entering Massachusetts.
Working with its dealer and installer network, OneRoof Energy now allows New York homeowners served by LIPA and Con Edison to convert to solar power with little to no down payment through the company’s SolarSelect leasing programs. Utilizing OneRoof Energy’s financing models – including secured and unsecured debt financing – homeowners can enjoy price protection against electricity rate hikes for up to 25 years. OneRoof Energy now strategically serves half of the top 10 solar states – Arizona, California, Hawaii, Massachusetts and New York.
According to the Solar Energy Industries Association (SEIA), the demand for residential solar installations in New York doubled between the third and fourth quarters of 2013, with an increase from 6.1 MW in the third quarter of 2013 to 13.1 MW during the fourth quarter. Additionally, SEIA predicts New York’s residential demand for distributed solar to grow to 75 MW by the end of 2014.
“Thanks to the vision and leadership of Governor Cuomo and his Sun-Initiative, there has never been a better time for New York’s 20 million residents to convert to cleaner and more affordable solar energy,” says David Field, OneRoof Energy president and CEO. “Our leasing program, combined with the New York State Energy Research and Development Authority’s rebate program, makes rooftop solar the most affordable option for many New York homeowners’ energy needs.”