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 Solar Marketplace.
New York State is already a solar leader
New York is no slouch when it comes to solar – it ranks in the top 10 solar states in terms of total installed solar capacity (see our infographic below). And even bigger things are in store for solar’s future in the Empire State: With the introduction of its progressive Reforming the Energy Vision (REV) proceedings, New York state is making strides to turn itself into a solar powerhouse.
Additionally, the NY Sun Initiative (which will eventually be brought under the REV policy umbrella) has set a goal of 3 gigawatts (GW) of solar capacity to be installed in the state by 2023 – that’s more than eight times the 338 megawatts (MW) currently installed. How is it going to reach this goal? By encouraging market growth making sure that solar panels continue to be a financially attractive option for homes and businesses across the state.