With rates climbing on average 4 percent a year, this
solar electric system will pay for itself in only 4 years,
and generate free electricity for the next 25."
Just a few years ago, the payback period in New York was nearly 10 years.
"This represents a tremendous return on investment, well over 20 percent," Engelbrecht said. Also, he noted, the New York State Loan Program has just been extended. It allows people to go solar without any out-of-pocket costs.