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
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.
The sun is shining on the U.S. solar industry this week. A major Republican initiative for clean energy, the lowest PPA price ever seen for solar, and solar outpacing natural gas in 2015 are the key headlines from this week’s Solar Energy News.
Breaking: The sun continued to shine this week. Thanks to this major win for the solar industry, the future of solar is looking bright. A victory for solar shoppers in California, progress for New Mexico’s solar tax credit and the dominance of renewables over natural gas are the headlines you need to know about from this week’s Solar Energy News.
With the New Year underway and strong momentum into 2016, the solar industry is poised for impressive growth. Record-breaking conversion efficiency, potential state tax credit extensions in New Mexico and bold predictions from market insiders are the solar headlines that you need to know about in this week’s Solar Energy News.
The Megawatt Block Incentive Structure (Megawatt Block) is one of New York’s most important solar incentives. The program provides strong subsidies for both commercial and residential rooftop solar energy systems. The size of your subsidy depends on how big the solar energy system you install is, and how much solar energy is already being produced in your area. You also don’t need to take any action to claim the benefit if you use a state certified installer.
In total, the various solar incentives available in New York State could reduce the cost of going solar by more than 50%. So why not start shopping for solar today? EnergySage’s New York Solar Marketplace is a great place to start comparing your options.
New York State’s Solar Equipment Tax Credit is worth up to $5,000 and can be claimed over the course of up to five years, making it one of the most generous and flexible in the country. Provided you meet the basic eligibility criteria, you may claim the credit regardless of whether you own your system or had it installed under a solar lease/power purchase agreement (PPA). How does the tax credit work if you own your solar system? Continue reading