Go Solar Today.
Lower your electric bill, increase your property value, reduce your tax liability, and help the environment.
It’s not the sunniest state in the nation but somehow New York ranks in the top 10 in metrics like Cumulative Amount of Solar Electric Capacity Installed (#10) and Number of Solar Jobs (#6). Way to go green New York! With extremely solar-friendly policies and substantial rebates, homeowners are guaranteed lower electric bills and a sizeable return on their investment. Considering New Yorkers pay some of the highest conventional electricity rates in the country, transitioning to sustainable solar makes a whole lot of sense.
Homeowners who purchase their solar panel system outright are eligible for a generous state tax credit known as the Solar Energy System Equipment Credit. This covers 25% of your total system cost, or $5,000, whichever is less. For taxpayers who may not meet the minimum threshold to claim the credit at once, the excess can be carried over to the following fiscal year.
The ITC, also known as The Federal Investment Tax Credit, is also available to New York homeowners who purchase their solar panel system outright. This credit amounts to 30% of your solar system’s cost after deducting the value of your state rebates. But this one isn’t going to be around forever. By the end of 2019 ITC credits will drop from 30% to 26%. The following year, after 12/31/2020, the tax credits for installations will drop to 22%. This is one of many reasons why it makes sense to go solar now.
Agreements and loan terms can be customized based on your needs, resulting in complete solar panel system installations with zero out of pocket upfront for the homeowner. Our specialists will work with you hand in hand to ensure you take advantage of all the state and federal incentives, credits, and rebates that are available to the New York homeowner. We’ll even handle all of the paperwork, streamlining the process for you to get your solar panel system installed hassle free. So just sit back and watch as your energy bill gets crunched in half.
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