Take Advantage of Local New York Tax Incentives for Solar Panels
Find out exactly how much solar will save Staten Island, NY homeowners
Solar Panels for Your Staten Island Home
The number of residential solar panels in Staten Island has increased dramatically over the past several years. If you’ve seen solar panels pop up on your neighbors’ rooftops, you may be wondering if this is a smart investment for your family, too. The answer is YES – especially if you act now to take advantage of valuable solar tax credits and other incentives offered to those living on Staten Island.
Momentum Solar is one of the leading installers of solar panels in Staten Island. We have been helping homeowners go solar by providing top quality solar systems, along with solar financing options that make it all possible. We offer a free, no obligation consultation to help you get the answers you need to help you make this important decision.
Benefits of Solar Panels
There are many reasons why people choose to install solar panels on their homes. Some of the benefits include:
- Cost Savings: If you purchase solar panels, can expect to save around thousands over the lifespan of your system. Cost savings vary based on several factors, including the size of your solar system and the amount of energy you typically consume.
- Financial Stability: In addition to substantial cost savings, solar panels let you “lock in” your energy costs for the next 25 years and protect you from rising energy costs. With more control over your monthly budget, you will be able to better plan for your future.
- Go Green: Choosing to use clean, renewable solar energy is an excellent way to reduce your carbon footprint and lower our nation’s reliance on nonrenewable energy sources. You’ll be doing your part to preserve our environment for the generations to come.
Incentives for Installing Solar Panels in Staten Island
Staten Island residents can take full advantage of New York and the federal government’s solar tax credit programs. New York’s solar tax credit can be used to lower the cost of your solar panels by 25%, while the solar Investment Tax Credit (ITC) offered by the federal government provides an addition 30% savings on the cost of your system. Both tax credits provide rebates by lowering the amount of NY State and federal income tax that you owe.
New York’s solar tax credit has no set expiration date and is available to those who purchase or lease their solar panels. On the other hand, the ITC is only available to those who own their solar panels and will no longer be available for residential installations after 2021. In 2020, the tax credit will be worth 26% of the cost of your solar system, with the value decreasing to 22% in 2021. If you are considering purchasing solar panels, you should act now to take full advantage of the solar tax credits available to Staten Island residents.
Schedule Your Free Consultation Today
At Momentum Solar, we’ve been helping homeowners go solar for over 10 years. Our expert team of solar installers is here to support you every step of the way – from answering your initial questions and explaining solar financing options, to providing you with a seamless installation process and after sales support.
If you would like to learn more about the benefits of solar panels for your Staten Island home, please contact Momentum Solar today to arrange you free consultation. We look forward to hearing from you!
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