Tag Archives: ITC

Is Solar Energy Worth the Investment in New York?

new york solar energy graphic by energysage

There’s no question that New York state is headed in the right direction. Find out why now is such an exciting time for sunshine in the big apple.

Are you considering a solar energy system for your home or business in New York, but want to know more about the costs and benefits before making a decision? In this article we look at the reasons why going solar is a good idea in New York, and also examine the various incentives and financing options that may be available to you if you are a New York resident.

The main takeaway for you is this: solar panels are definitely worth the investment in New York – especially if you’re willing to shop around for a good deal. Compare your options on the EnergySage New York Solar Marketplace.

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New York State’s Solar Incentives Some of the Best in the Country

 

solar energy incentives in new york state energysage

These days, virtually every state in the USA has some kind of support program for rooftop solar energy systems. But you’re especially fortunate if you’re planning on going solar in New York State: your state has some of the most ambitious solar incentives in the country. Thanks to these incentives, solar has become a very attractive investment in New York. What are New York State’s solar incentives and how can you take advantage of them Continue reading

Should I Go Solar Now or Wait?

should I go solar now or wait EnergySage graphic

For those asking themselves “should I go solar”, the cost of solar installation has fallen every year, and 2015 was no different. According to Lawrence Berkeley National Laboratory, installing a residential solar energy system cost eight percent less in 2015 than in 2014, which is great news for today’s solar shoppers. But the ever-decreasing costs of solar create a conundrum: should I go solar now or wait? For many, daily headlines that declare lower and lower prices can stir them to action. For others though, these same headlines can cause them to wait a few more years in hopes of saving even more money. So who’s right?

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How to Claim New York’s Solar Tax Credit Under Lease or PPA

new york solar tax credit graphic energysage

With endless reasons to go solar in New York, many homeowners are enjoying the luxury that is the New York State Solar Tax Credit and you should too. In this article, we break down everything you need to know about tax incentives in NY.

New York State’s Solar Equipment Tax Credit is one of a suite of generous tax incentives and rebates for solar panels available in New York State. It is an incredibly generous and flexible incentive, saving you up to $5,000, depending on how much you spend on solar. How and when can you claim the credit if you go solar under a solar lease or power purchase agreement (PPA)? Learn more in this article about solar energy in New York and the tax incentives you can take advantage of.

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Solar Cost Terminology: Cost Per Watt, $/W and LCOE

What should you look at to determine if you’re getting a good deal on solar? There are lots of things to pay attention to when deciding on a solar energy system; but two of the most useful metrics for evaluating the cost and value of a solar power offer are price per watt, measured in dollars per watt of energy ($/W), and ‘levelized cost of energy’ (LCOE).

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How Much Does Solar Cost in Austin, TX?

Austin Incentives_blogThe price of solar energy systems continues to drop across the country and perhaps nowhere as dramatically as Austin, Texas. According to the Solar Energy Industries Association, 2015 was “the biggest year yet in solar history“!  While prices continue to decline across the country, generous incentives still exist for those who purchase a system today. One of the largest is the Solar Investment Tax Credit (ITC). The ITC offers those who install a residential solar system a 30 percent tax credit, and was recently extended by Congress. Additionally, states have their own set of incentives. Qualifying residents of Austin, Texas can apply the Austin Energy Rebate to the cost of installing a system, and then benefit from monthly saving with the Value of Solar Tariff.

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What Will a 10,000 Watt (10 kW) Solar System Cost in Your State in 2017?

10kW solar systems EnergySage

10kW solar systems are among the most popular solar energy system sizes in the country, producing enough electricity to power a home with slightly above-average electricity consumption. How much does a 10kW solar system cost? How much electricity will a 10kW solar system produce? How do you know you’re getting the best deal on a system? These are some of the key questions we will answer in this article.

How Much Does a 10kW Solar System Cost?

As of January 2017, the average cost of solar in the U.S. is $3.26 per watt ($32,600 for a 10 kilowatt system). That means that the total cost for a 10kW solar system would be $22,820 after the 30% Federal ITC discount (not factoring in any additional state rebates or incentives).

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What happens if your tax liability is too small to claim the Investment Tax Credit for solar?

investment tax credit

The Investment Tax Credit (ITC) is a generous incentive from the federal government. It was put in place to encourage uptake of solar energy and other renewable energy systems in 2006. It has been tremendously successful in this goal: the number of solar installations in the US has increased 1,600% since the ITC was introduced.

Many EnergySage customers quickly understand the potential benefits of the ITC, but have questions when it comes to the particulars of how it operates. Frequently, we field questions about whether or not they can claim the ITC at all, and when and how it can be applied to their tax bills. Continue reading