Gentner/AP
Con Edison says 144 customers in the city installed the panels last year, up threefold from 2009.The panels absorb the sun's rays and convert heat into direct-current electricity. An inverter changes the DC power into the alternating-current variety used by appliances and air conditioners. If customers produce excess power, they sell it back to Con Ed for cash and credits. If they need more, the system taps into Con Ed's grid. "It's been a great thing," said Cliff Blaker, 40, president of Miller Blaker, a South Bronx woodworking company that paid $250,000 for 200 panels on its two-story building in 2009.
With a 40% reduction in the company's power bills in 2010, Blaker estimates it will take five years to recoup the installation cost - all while giving Mother Nature a big hand. Like the others, Blaker's system tallies the carbon dioxide kept out of the air: 67,000 pounds in 2010, equivalent to what 1,400 mature trees consume annually.
"How can you argue with that?" said Blaker. "It's a wonderful thing."
LaMonica leveraged tax breaks and rebates for solar customers to lower the $52,000 installation tab to less than $10,000. The New York Energy Research and Development Authority gave him $16,000 that went directly to the installer. Uncle Sam gave him a 30% tax credit on the remaining $36,000. The state ponied up a 25% tax credit of up to $5,000, and the city handed him a 35% credit on his property taxes over four years, he said. With his 2010 power bills only 25% of what they were in 2009, he said, "I'll make it all back in four years. It's so good, I'm getting my daughter to do it on her house on Staten Island, too."
Margarett Jolly, a Con Ed solar specialist, said the utility is hoping to sell more customers on the panels. "We have a ways to go, but there's a lot of potential in the city," she said.
http://www.nydailynews.com/ny_local/2011/03/20/2011-03-20_city_homeowners_warming_up_to_solar_power.html#ixzz1HCQJ508X