Plus since you own the panels you get to claim tax credits and other incentives to bring the total loan amount down.
Free solar panels nyc.
It applies to you even if you went solar with a lease or.
When it comes to home solar panels new york has long been one of the best places in the country.
The great advantages of the solar equipment tax credit are twofold.
Another option for practically free solar panels in ny is to take out a loan.
How solar works for you.
Rooftop solar offers you a way to harness the power of the sun through panels installed on the roof of your home garage or other buildings on your property.
The new york solar tax credit can reduce your state tax payments by up to 5 000 or 25 off your total solar energy expenses whichever is lower.
There are several ways to get solar for your home.
See if your home qualifies.
First you don t have to purchase your system to claim the credit i e.
New york home owners can now go solar with no upfront cost no purchase or lease required.
Take out a 5 to 20 year loan with no down payment required.
The state offers a balanced mix of good solar incentives and relatively high electricity prices that makes home solar in new york a very attractive financial investment.
With this program you start saving the moment your new solar panels are turned on.
Solar power offers homeowners and renters many benefits including.
New york solar power overview.
Solar is more accessible and affordable than ever before.
Saving money through reduced electricity bills.
Again you pay 0 down.
Solar panels can be mounted on either the roof of your home or to the ground wherever conditions are best on your property.
Over 86 000 homes in new york state are powered by solar energy.