Power House Home Energy | Long Island, NY
Switching to clean energy with a solar panel installation on Long Island is your gateway to energy independence. If you ever wanted to know how solar is worth it, all you need to do is look at why solar will always beat buying all your electricity from PSEG.
PSEG-LI’s current residential rate is about $0.25 –$0.27 per kWh, and it has increased significantly over the past decade. PSEG raised rates by 11.6% over the past year alone. The utility’s rates fluctuate due to:
- Fossil fuel price changes (natural gas & oil).
- Infrastructure maintenance & grid upgrades.
- Delivery fees & surcharges.
- State-mandated rate adjustments.
Homeowners can’t control PSEG’s pricing, and utility bills will continue rising indefinitely.
Solar Locks in Your Energy Costs
When you install solar panels, you produce your own electricity, reducing or eliminating your dependence on PSEG. Unlike utility rates that increase unpredictably, solar provides:
- Fixed, predictable energy costs for decades.
- Free energy after system payback (usually in 5-7 years).
- Long-term protection against future rate hikes.
How Solar Always Costs Less Than PSEG
Scenario 1: Staying with PSEG
- You pay $200-$300 per month on electricity bills.
- Rates increase 3-5% per year (historically, although PSEG increased rates by 11.6% over the past year).
- Over 25 years, you could spend $150k+ or more on electricity and have nothing to show for it.
Scenario 2: Switching to Solar
- A typical 10kW solar system costs $30,000–$35,000 before incentives.
- After the 30% Federal Tax Credit and NYS Tax Credit, your net cost is $15,000–$19,000.
- Monthly financing options are lower than your PSEG bill, and after 5-7 years, your energy is free for the system’s 25+ year lifespan.
- Over 25 years, solar saves you $150,000+ compared to paying PSEG.
Bottom Line: Instead of renting power from PSEG forever, solar allows you to own your energy and enjoy massive long-term savings.
PSEG Bills vs. Solar Loan Payments: Side-by-Side Comparison
| Monthly Cost | PSEG Electricity Bill | Solar Loan Payment |
| Year 1 | $250 | $150 – $200 |
| Year 10 | $330+ | $150 – $200 (loan fixed) |
| Year 15 | $400+ | $0 (loan paid off!) |
| Year 25 | $600+ | $0 – Free Energy! |
| Total Spent (25 years) | $150,000+ | $20,000 (plus free energy after payoff) |
Solar lets you pay LESS per month than your current PSEG bill from day one. You save the difference between your old PSEG bill and your new Solar Loan Payment. Each year, as PSEG rates increase, your lower solar payment will remain the same. Because you are paying the same each month for the term of your solar loan, your savings will increase year after year. After your loan is paid off, your electricity is free, while PSEG customers keep paying more and more forever.
The best solar providers in Suffolk County and Nasau County are ready to show you what’s possible with home solar.
Net Metering: Get Credit for Excess Solar Energy
When your solar panels produce more than you consume, excess energy is sent back to the grid, earning you credits on your PSEG bill through net metering.
- During the day, your solar system may generate more power than you use, building up credits.
- At night or on cloudy days, you use those credits to offset your usage.
- Over the year, your goal is to generate as much energy as you consume, keeping your PSEG bill as close to $0 as possible.
Bottom Line: Even if you still use some grid electricity at night, net metering drastically reduces or eliminates your bill.
PSEG Solar Rebates & Incentives Make Solar Even More Affordable
Long Island homeowners can take advantage of solar panel installation incentives to lower the cost of going solar:
- 30% Federal Solar Tax Credit – Get 30% of your system cost back as a tax credit.
- NY State Tax Credit (ITC) – Get 25% (up to $5,000) of your system cost back as a tax credit.
- Net Metering Credits – Get paid for excess solar energy sent back to the grid.
- Property & Sales Tax Exemptions – Solar systems are exempt from property tax increases and sales tax.
Bottom Line: With incentives, your solar payback period can be as little as 5 to 7 years.
The Verdict: Solar Beats PSEG Every Time
Homeowners throughout Long Island choose solar panel installations for simple reasons.
- Financially smarter – Solar is cheaper every month and saves you money over its lifetime.
- PSEG rates rise – Solar locks in fixed, predictable energy costs.
- Whole House Battery Backup – There’s an option to run your own battery energy storage solution with better savings and energy security.
- Solar incentives make it even more affordable – Tax credits & rebates reduce installation costs.
- Net metering offsets energy use – Excess solar production lowers your bill even further.
- Increases home value – Solar adds value and desirability to your property.
Great solar solutions start with expert solar installers on Long Island. Power House Home Energy is ready to begin your consultation and free energy assessment. We will show you how much you can save with solar vs. PSEG.
Choose to have a solar panel installation on Long Island and claim your energy independence.
