Plenty of Support for Clean Energy from U.S. States
The passing of the One Big Beautiful Bill Act earlier this year removed federal funding for numerous clean energy projects, including the elimination of the Residential Solar Tax Credit. However, there is still strong support for solar and clean energy projects throughout the states.
Utah is the latest state to approve a huge battery storage project with a 25-year tax break.
Utah Backs Battery Storage with a Significant Tax Break
Utah’s state government recently approved a 200-MW battery energy storage system for Salt Lake City and has offered the project a 25-year property tax rebate.
The project is owned by Dominguez Energy Storage LLC. It is one of many large battery storage initiatives currently deployed or planned in the United States. This is despite a wavering support from the federal government. While major headlines might suggest that the government no longer endorses solar and clean energy projects, there is actually huge support at the state level.
Arizona is another state that has pledged to support solar and other clean energy technologies. Governor Katie Hobbs signed an Executive Order on September 15 to establish a state task force to streamline energy infrastructure growth and remove red tape surrounding solar and wind projects.
States recognize that clean energy, especially solar and battery storage, can help strengthen the national grid and reduce operating costs.
Clean Energy Options for Homeowners on Long Island
If you are considering a solar installation on Long Island, you could achieve something similar to Utah’s latest project, but on a scale (and for a cost) that’s better suited to your family.
Combining residential solar panels with battery storage on Long Island can give you more energy independence and potentially boost your savings over time. Here’s how it works:
- Long Island solar panels will power your home during the day.
- Excess energy will charge a home solar battery, providing you with backup power to deploy during peak times. A solar battery can also protect your home from blackouts.
- Any excess you don’t store will go to the grid. Under Net Metering, PSEG Long Island will credit your account. This helps to reduce your utility bill and generate impressive savings over time.
Net Metering is one way that New York State ensures you enjoy savings and a return on your home solar investment. Solar can pay for itself. The average system generates savings equal to the cost of installation within 8 to 10 years. This is known as the payback period. Solar panels last an average of 25 years, but many will produce energy for 30 years or more. This ensures long-term value when you switch to clean energy at home.
What is the New York State Solar Tax Credit?
Similar to Utah’s latest solar megaproject, you can enjoy state tax benefits for a solar installation on Long Island.
You can claim up to 25% of the cost of your solar installation as a New York State tax credit, up to a limit of $5,000. There are also direct incentives available in many cases, which are paid directly to the solar contractor to reduce the cost of your system before you even see the bill.
A New York State solar tax credit can also be applied to solar financing. An initial interest-free period based on an expected tax credit is available for approved borrowers with no money down.
The Most Trusted Solar Installer on Long Island
Power Solutions is recognized as a leader in clean energy on Long Island. We have connected over 5,000 families and businesses to solar, helping them save money and secure their energy independence.
You can install solar at your home on Long Island and enjoy significant state incentives to reduce the real cost of making the switch. Start with a free home solar estimate and get a detailed cost/benefit analysis from Power Solutions, your local solar experts.
