New York Solar Energy Rebates & Incentives for Homeowners
New York Solar Energy Rebates & Incentives for State & Federal
New York currently has a great financial environment
for going solar. To make installing solar energy more attractive, the federal government is providing a 30% tax credit of the solar energy installation costs to New York homeowners. With our experience and expertise, GeoPeak can help these benefits make solar power for your home more affordable--but the incentives will not last forever. Call GeoPeak Energy now toll free at (888) 526-4428 to get in on these incredible, limited time discounts while they are still available. We will give you all the information you need at no cost, with no sales pressure and no obligations.
Current New York Solar Rebates & Incentives
Federal Investment Tax Credit (ITC)
The federal government provides a Tax Credit for 30% of the system cost for homeowners. This tax credit can be used starting immediately and rolled over until 2016.
Property Tax Abatement for Photovoltaic (PV) Equipment Expenditures
Installed from January 1, 2011 to December 31, 2012: 5% of system expenditures per year for 4 years (total of 20%).
Municipalities & Townships Rebate Program
Various cities and towns in New York offer rebates for installing solar power systems. GPE can help you determine all rebates for which you qualify.
Residential Solar Tax Credit
New York offers a 25% solar tax credit
Residential Solar Sales Tax Exemption
Solar systems are 100% exempt from state sales tax in New York.
New York solar energy increases your home value
The value of your home will increase once you install a solar power system by $20,000 for every $1,000 in energy reduction costs per year. Moreover, thanks to favorable federal laws, this home value increase will not increase your property taxes. For example, if your current electric bill is $5,000 per year and your system provides 100% of your energy needs, the value of your home after the solar installation will be $100,000 more than before installation.
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