How to Get the Best Price for Solar + Batteries in New York
Thinking about going solar in the Hudson Valley? You’re in a great spot to do it with some of the best state incentives in the country. The trick is knowing how to stack them so you get the best value for your system.
New York makes solar cheaper in a few key ways:
- State tax credit – You can get 25% back (up to $5,000) on your solar array, AND up to an additional $5,000 on batteries.
- Sales + property tax perks – New York doesn’t charge sales tax on equipment, and your property taxes won’t go up because of your system.
These all stack together, giving you a great price on a new system.
A lot of people assume you only get incentives if you buy your system, but that’s not true. If you opt for a cash purchase or home loan, of course tax credits are available to you. If you go with a pre-paid lease, you are eligible for the state incentives too, plus you get an additional 30% discount. So by leasing, you can save close to half of the cost of your solar and battery system! That doesn’t even account for the fact that any financing you do will be a consistent payment rather than an ever-increasing electric bill each month.
Add Batteries, Add Value
For many homeowners, batteries are becoming a smart addition, keeping your electronics online, your well pumping, and your lights on. If you’re concerned about resilience in the face of strong storms, adding batteries might be a great choice for you. In addition to NYSERDA’s rebate of up to $5,000 and savings when you lease, there’s one more consideration. When you build your solar system with batteries, some of the electrical components can serve both the solar and batteries, saving even more.
There’s definitely a lot to think about when building a new system with solar. That’s why our advisors are well-versed in all the details to help you get the best value available.