There’s plenty of incentive to install solar this year. It’s cleaner, more reliable, and more cost-efficient than taking all your power from the grid. But, in addition to these practical solar incentives in NY, there are also financial solar incentives in NY.
With both federal and state incentives, you can offset the cost of investment in solar. Combined with the excellent financing options from New York Power Solutions, it has never been easier to make the switch.
New York State solar incentives 2021 convinced thousands of people to make the switch to solar. New York State solar incentives 2021 probably made as much of an impact as any other motivation.
There are plenty of advantages to solar. The right system can leave a smaller carbon footprint, and you’ll be less reliant on the grid (which is inherently unreliable itself). New York State solar incentives 2021 also make it more affordable to get solar.
Let’s face it, the cost is important whenever making a major investment in a home or business. The cost of solar without New York State solar incentives 2021 would have left many people unable to reasonably afford the switch.
New York State solar incentives 2021 were based on both a tax incentive and an NYSERDA incentive. Combined with a very generous federal tax credit, solar was more compelling throughout the year.
Don’t worry if you haven’t made the switch to solar with the New York State solar incentives 2021. For 2022 and beyond, things will be similar. The federal government has committed to maintaining its tax credit (although it may decrease in the coming years), and the state government is still very committed to helping people get solar at their homes.
If you’re ready to install solar you can take advantage of New York solar incentives 2022.
Combining the New York solar incentives 2022, consumers can receive reimbursement of up to 51% of the system. This leaves around 49% of the cost shouldered by the consumer which can be covered by low-rate financing. Note that this is an estimated figure for a typical system. Actual benefits and reimbursements will be calculated once your system is planned and designed.
The bottom line is that NYS solar incentives increase the affordability of solar installation. The New York solar incentives 2022 won’t last forever. As more families and businesses transition to solar, the incentives will no longer be necessary. If you want to make the most of NYS solar incentives, talk to us today for your energy evaluation and full cost-benefit analysis.
At New York Power Solutions, it’s our goal to make solar more accessible to everyone. We have developed our financing model to take full advantage of NYS solar incentives.
Financing can be split into two separate terms. This split financing allows for a no money down and interest-free period.
Your expected tax credits from NYS solar incentives will be applied to the initial financing. This will be calculated specifically for the incoming credits. At the rollover of the next tax year, you will use your NYS solar incentives to pay the initial no money down and zero-interest loan.
The remainder of your solar bill will then be split over a longer term, which will be based on what’s best for you. Customers typically opt for a term ranging from 10 to 20 years. You’ll enjoy more savings with a shorter term, but it depends on your financial situation. With our finance partners, we’ll help you choose something that works.
The second loan will be fixed at a low-interest rate.
Combining NYS solar incentives and our affordable financing means that your dream of solar at home can become a reality. You can gain energy independence.
The generous state solar incentives in NY won’t be around forever. Solar incentives in NY are also subsidized by the federal government. Federal policy can shift with each administration and the turnover of lawmakers in the Senate and House of Representatives. While the federal rebate is safe for now, this could be reduced or eliminated in a few years.
You can take control of your future by generating electricity at home. Talk to New York Power Solutions today to learn how you can use solar incentives in NY to your advantage.
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