Are There Tax Credits for Solar Panel Installation in Brentwood, NY?

Yes, if you install solar panels in Brentwood, NY, you can claim a 25% State Tax Credit up to a value of $5,000. There are other financial incentives for homeowners on Long Island, including a property tax and sales tax exemption. Solar is accessible and more affordable thanks to strong support at the state level.

Power Solutions is one of the most trusted solar installers on Long Island. Let’s look at how credits and incentives can help you to claim your energy independence.

The New York State Tax Credit for Brentwood Solar Panels

Homeowners are typically eligible for the Solar Energy System Equipment Credit. This includes:

• A state income tax credit worth 25% of the solar installation, up to $5,000.
• The bill can include solar panels, battery energy storage systems, and other equipment like microinverters.
• The credit is non-refundable. However, you can carry over any excess for five years.

This is the most significant incentive for homeowners installing solar panels in Brentwood, NY.

Property and Sales Tax Exemptions for Solar Panels on Long Island

Residential solar panel installations throughout Long Island (Suffolk and Nassau County) are exempt from sales tax and property tax. Solar panels will not be considered when the local government assesses your home for property tax. Solar equipment is exempt for 15 years.

New York State Tax Credits and Solar Financing

Installing solar panels with Power Solutions means access to affordable financing. In most cases, we can offer split financing based on your expected tax credit.

• An initial loan, based on your expected tax credit, is short-term and interest-free. You pay this in full once you receive your tax credit.
• The remainder of the bill is applied to a standard loan with a competitive interest rate. You can choose the term, ensuring that repayments are affordable.

Most homeowners with a good credit score will qualify for split financing. We work with families from every background and will ensure that you get the most competitive financing package. Affordability matters. As a member of the Solar Energy Industries Association (SEIA), we are transparent with all billing aspects. We don’t push for hard sales, and we provide detailed data about potential savings over time.

At Power Solutions, we provide the information; you make the choice.

What are the Benefits of Home Solar?

A combination of tax credits, exemptions, and easy financing means you can enjoy benefits like reduced energy costs, long-term savings, and a return on your investment.

• Solar Saves You Money: Solar reduces the amount of electricity your home takes from the grid. Your PSEG LI bill will shrink after you install solar panels.
• Solar Panels Pay for Themselves Over Time: Savings from solar panels mean a payback period of about 8 – 10 years in most cases.
• It’s the Most Efficient Way to Power Your Home: In terms of carbon footprint, solar is the most efficient method of powering your home.
• Solar Panels are a Long-Term Investment: Solar panels last for at least 25 years.

Power Solutions offers a 25-year warranty for solar panels and is available 24/7 for service and support.

Get Your Free Solar Estimate in Brentwood

You can learn more about solar without any risk or commitment. Request your free ballpark estimate today. Power Solutions can provide a detailed cost/benefit analysis so you can see what solar is really worth. Switching to renewable energy is the best way to save money and secure your energy future.