Manage energy costs and protect the environment around with New York state solar incentives
Solar power is vast, unending, renewable, abundant and non-polluting. It can help New Yorkers warm and light their buildings and can meet rising demand for electricity and hot water. Even, it does not emit greenhouse gases. Solar technologies can be applied at both large and small scales and be used to generate solar electricity in residential and commercial buildings.
New York State solar energy incentives:
To increase solar resources and encourage individuals, businesses and institutions adopt solar energy, New York State and the federal government use some tools to offer financial incentives that help them defray the upfront cost of installing solar facilities. These tools include:
- NYSERDA solar installation incentives: To cover installation costs of residential and commercial solar PV electric power systems, New York State Energy Research and Development Authority (NYSERDA) offers long term loans to install 82 MW of solar PV capacity to generate 93,806 M/Whs per year. The agency also offers incentives for installing solar hot water heating systems.
- Net metering: New York State law allows net metering for solar PV systems up to 25 kW in domestic use, and up to 2 MW in commercial and industrial settings. It is offered to the customers of the state’s major investor-owned utilities
- Tax incentives:
NY State Tax Credit: Residential: 25% of Net Cost ($ 5,000 max).
Rebates from state sales tax for passive solar space heat, solar water heat, solar space heat and PV.
15-year real property tax exemption for the cost of solar systems.
Solar Technology used by Sun Energy Group:
- Solar Photovolatic (PV).
- Solar Thermal Hot Water (STHW).
- Solar Pool heating.
IRS energy tax credit 2013:
The act allows a credit of 30% of the purchasing price of all energy efficient enhancements in homes up to $1500. It also covers improvements such as insulation addition, window replacements, installation of energy efficient air conditioning systems, solar water heaters and wind turbine.
These rebates help in managing energy costs and protect the environment with the installation of high-efficiency cooling or heating equipment. Such rebates are meant for high-efficiency gas, water heaters, boilers and furnaces. Even, New York state energy rebates offer buyers a money back guarantee with the sale of heating and cooling instruments. PSEG rebate also covers energy efficient appliances and items purchased before June 1st 2009.
So what are you waiting for? Get ready to make a difference to your regular energy bills and get benefited from New York state energy rebates. Install high-efficiency cooling or heating equipment with our solar energy services and solutions.