The Federal Credit Has Been Extended – NY Solar Panel Tax Credits
Federal and state tax incentives have contributed to a lower cost of solar power on Long Island. Until recently, it looked like the federal tax credit for Long Island solar installation would be discontinued. However, the recent signing of the Inflation Reduction Act has secured tax benefits for the next decade. If you want to take advantage of NY solar panel tax credits, now is the best time to talk to a local solar installer.
Long Island Power Solutions will make the process easy.
Get Financing based on NY Solar Panel Tax Credits with Long Island Power Solutions
The team at Long Island Power Solutions is committed to providing affordable and reliable solar systems. We even use NY solar panel tax credits to help make financing more accessible.
With Long Island Power Solutions, your solar financing will be split into two terms.
- The first is interest-free and based on expected NY solar panel tax credit When you receive your credits, this first loan can be paid in full.
- The second is based on the remainder of your bill. You can choose the term so your repayments will be affordable. We can provide competitive interest rates through our specialist solar financing partners.
If you thought solar power on Long Island would be too expensive, you’d find that NY solar panel tax credits can significantly offset the cost. And there are other incentives beyond the credits, like a state subsidy paid on top of your bill, based on the size of your system.
Solar is more affordable than ever. NY solar panel tax credits, incentives, and steadily decreasing solar panel costs put renewable energy within reach of the average family.
Our team will help you to determine which incentives and credits are available in your unique case.
What Does the Inflation Reduction Act Provide for Solar Power on Long Island?
The Inflation Reduction Act of 2022 provides even more generous credit than the one it replaces. It secures discounts for solar power on Long Island for the next ten years.
The Act provides a 30% credit on the cost of installing solar heating, electricity generation (solar panels), and storage batteries. You can apply the credit to your installation, including the panels, components, and battery backup.
The credit will be available until 2032.
Booking Your Long Island Solar Installation
Our professionals will make the process simple and stress-free if you’ve been thinking about a Long Island solar installation. One of the biggest challenges of going solar is determining if it is worth it. Most homes are suited to solar, but you won’t have to guess when you get your Long Island solar installation from our team.
We provide extensive consultations so that you can learn about the advantages of solar within the context of your home. Initial estimates are based on satellite data. We then conduct on-site surveys to develop a detailed cost/benefit analysis.
Data is important when making any major decision for your home and your finances. We provide the information. You make the choice.
You can start the process with your free online solar estimate. From there, we’ll schedule the consultation and site visit. We take care of permits and financing in-house. When we schedule the physical installation, it will only take a day to complete.
With Long Island Power Solutions, solar is more affordable. Want to know how solar could work for you? Get started with Long Island Power Solutions today.