A Booming Solar Industry is Supported by Nassau County Solar Incentives
America’s solar industry is booming, with strong demand for residential installations throughout the nation. Programs like Nassau County solar incentives are helping people to make the switch. There are incentives at the State and Federal levels if you’re looking to get solar power on Long Island. The growth isn’t just in the residential segment. There is also growth in manufacturing, with the world’s largest solar companies bringing their operations into America. Learn about the latest developments and talk to Long Island Power Solutions for help with financing based on Nassau County solar incentives.
Another New Solar Factory in the News
With people wanting solar power on Long Island and all throughout the nation, there’s a growing need for domestic solar panel manufacturing. Up to this point, most modern solar panels have been sourced from factories overseas. This has been problematic, especially evident during the Pandemic when supply chains were heavily disrupted. America’s energy security should be determined domestically, and politicians have started to realize this.
Now that America has a favorable tax environment, the biggest international producers are setting up here.
Georgia has become a hotspot for solar panel manufacturing. The state is receiving huge investments from the Hanwha Group of companies. Solar panel manufacturer Q Cells has already started the development of a 3.3GW factory in Georgia. Now we’ve just learned that Hanwha is setting up another factory through a subsidiary, which will supply Q Cells with ethylene vinyl acetate (EVA) sheets that are critical to the manufacturing process.
Q Cells is a supplier of solar panels and equipment to Long Island Power Solutions.
Take Advantage of Nassau County Solar Incentives
America’s solar boom is being driven by small and large-scale developments. Residential solar is an important part of the bigger transition to clean energy. Nassau County solar incentives have been developed to ensure that solar is accessible to the average family. These incentives come from both the State and Federal governments.
- Most New York residents are eligible for State income tax credits based on the cost of solar.
- You can get a discount on your solar installation through direct NYSERDA incentives, based on the size of your system.
- There’s a 30% Federal tax credit based on the cost of the solar installation.
There are also smaller incentive programs depending on exactly where you live. Best of all, some incentives can be applied to your financing for solar. New York Power Solutions offers no-money-down financing based on the total value of expected tax credits. The credits are applied to an interest-free period and the first loan is then paid once the credits are received. Then, you’ll move to a second loan with a competitive interest rate and a term of your choosing.
If you’re ready to learn more about the cost of solar power on Long Island, our team can help.
Long Island Solar Installation Estimates
You can get a free online estimate to learn about the cost of a Long Island solar installation. This first estimate will be based on the latest satellite data for your home. If you like the number, we’ll proceed with a site visit, and your energy savings evaluation, and we’ll prepare a cost/benefit report so that you can see the savings and returns possible from solar. A final estimate will be based on the site visit.
Want to go renewable with the help of Nassau County solar incentives? Long Island Power Solutions is ready to get started with your switch to clean energy.