New York State’s Solar Equipment Tax Credit is one of a suite of generous incentives for solar power available through 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)?
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
If you’re shopping around for a solar energy system, you undoubtedly have questions that you want to ask solar installers. But what questions are the most important ones to ask?
The decision-making process is a bit easier if you divide the questions into two ‘stages': First, you can ask the key questions which allow you to understand the value that their product offers. This will help you to rule out the options which are definitely not for you. After you’ve answered these questions, you can ask the questions that will help you make the final choice between this narrowed-down range of options. We discuss some of these questions below. Continue reading
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 live in New York State and are thinking about going solar: 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
The New York Public Services Commission (PSC) has introduced measures to ensure that distributed energy technologies like rooftop solar panels remain affordable for all New Yorkers. As part of the state’s forward-thinking Reforming the Energy Vision (REV) initiative, state utilities will be barred from owning distributed generation equipment (such as your solar panel system). According to Governor Andrew Cuomo, the new rules will empower state residents to take control of their electricity usage – and reduce their power bills.
The key focus of the REV program is to bring New York’s electricity system into the modern era by improving network efficiency and introducing more renewable energy sources. As Governor Cuomo points out in the announcement of the new rule last month, New York’s approach to electricity infrastructure has undergone little change since the first grid was introduced in lower Manhattan back in 1884. “This state is in need of a modern and efficient energy system, and we are proud to take the steps to build a sustainable way to deliver energy to every home in New York,” he said. Continue reading
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.
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 ‘dollars-per-watt’ ($/W) and ‘levelized cost of energy’ (LCOE).
You can use $/W to compare solar energy system installation prices, while LCOE is great for comparing the average per-unit cost of the electricity the system will produce. We discuss both $/W and LCOE in detail in this article. Continue reading
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
If you’re considering whether going solar is a worthwhile financial move for your home, there are essentially two factors that you should look at: 1) the costs associated with solar power, and 2) the rates you pay for electricity from your utility. Going solar makes economic sense when solar electricity costs less than grid electricity.
As for solar, it is clear that costs are coming down. Rooftop solar panels are now more affordable and accessible than ever. This is why more and more households are having solar energy systems installed: going solar is a great way to reduce your power bills.
But what about the future cost of grid electricity? If electricity rates are going up, then of course going solar makes sense. As you’re probably aware, however, utility electricity rates fluctuate seasonally and annually. “What if utility electricity rates go down instead of up?” you might be asking yourself. Would it still be worth it for you to go solar? This article seeks to address this question, put to rest any idea that grid electricity rates could be going down Continue reading