Power Solutions adds prepaid solar lease option on Long Island

By AI, Created 5:46 PM UTC, June 01, 2026, /AGP/ – Power Solutions said it is now offering Long Island solar installations through the Participate Energy Program, a prepaid lease model that aims to lower upfront costs for homeowners. The move comes as the residential federal solar tax credit ended in December 2025, creating a new financing path tied to commercial incentives.

Why it matters: - The Participate Energy Program gives Long Island homeowners a lower-cost way to go solar without a traditional purchase. - The model is designed to reduce upfront barriers, which can speed adoption for households facing high electricity bills in New York. - The program uses commercial tax incentives in a way that can still deliver savings to residential customers.

What happened: - Power Solutions announced it will offer solar panel installations through the Participate Energy Program. - The company is based in Ronkonkoma, New York, and serves Long Island homeowners. - The program uses a prepaid lease structure instead of an outright solar purchase. - Power Solutions owner Joe Milillo said the new option is meant to provide a stress-free path to energy independence with no credit checks and no liens on the home.

The details: - The Participate Energy Program allows homeowners to benefit from the 30% federal commercial incentive as an immediate reduction in lease payment. - Customers make a one-time payment equal to 70% of the lease value. - Participate Energy retains ownership of the solar system and keeps the commercial incentives. - The residential federal solar tax credit ended in December 2025. - The program is intended to provide a similar discount under current commercial tax rules. - Power Solutions says the program includes immediate savings once the system goes online. - The structure requires no UCC lien on the home. - The program requires no FICO score or credit approval to participate. - Homeowners can finance the prepayment through a third party, but financing is not required. - The lease can be transferred if the home is sold. - Homeowners have an end-of-term purchase option. - Homeowners also have an early buyout option after the sixth year anniversary. - The purchase price is set at fair market value. - The program is a prepaid lease for solar panels in which Participate Energy retains commercial ownership and uses Section 48E Investment Tax Credits. - Those savings are passed directly to the homeowner. - Power Solutions says the program offers an experience similar to a standard transaction without the cost of a full purchase. - Power Solutions says it combines its system design experience with the new program.

Between the lines: - The announcement is a response to a shifting residential solar financing landscape after the federal tax credit ended. - The prepaid lease model may appeal to homeowners who want solar savings but want to avoid liens, credit underwriting and a large cash purchase. - The structure also keeps ownership with Participate Energy, which can simplify the customer decision while preserving the tax benefit flow.

What’s next: - Power Solutions will market the new lease option to Long Island homeowners looking for lower-cost solar installations. - Eligible customers can evaluate whether to use the program as a direct path to immediate savings or as a bridge to eventual ownership. - Homeowners interested in the company’s offerings can find more information on Power Solutions.