New York incentives are stepping down
New York incentives are stepping down

New York Incentives are Stepping Down

New York’s solar incentives are pretty sweet – but they’re changing soon.

People that wait until next year to go solar may miss out on thousands in savings.

New York Incentives are Stepping Down

Two major incentives for New York are decreasing soon.

People that wait until next year to go solar may miss out on thousands in savings.

2019 is a great year to go solar. 

Right now, New York State has one of the best programs in the nation to help folks go solar. For an average system, incentives and tax credits cover over 50% of the cost.

But the NYSERDA incentive is going down by about 40%, likely in September. And the federal tax credit is going down from 30% to 26% at the end of this year.

Together, these changes mean that if you wait to go solar, you leave $2000 in savings on the table

If you want to take advantage of these incentives, now is the time to sign up. You have to apply to NYSERDA this summer to get their current incentive level and your system must be installed and producing power before the end of the year to claim the tax credit.

Don’t miss the window!

Sign up before incentives step down

If you want to take advantage of these programs, you need to have you system installed and turned on this year. Plenty of time right? Not quite – we have a limited number of installations we can put in this year. If you want to definitely be one of them, you should give us a call!

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I don’t see anything on NYSERDA’s website about an incentive changing?

The way NYSERDA decides on the rate of their incentive is in blocks. They put aside a certain amount of money at the current rate. Once that money is gone, they start giving out incentives into the next block, which is a lower rate. The current block of incentive is due to run out around September. If you want to be sure to receive the current incentive, don’t hesitate. As more people find out that block is running out, more people will apply for the incentive, and it will run out even quicker.

Can’t I just wait until September? NYSERDA’s incentive will change in September and the tax credit doesn’t even change until the end of the year. Plenty of time!

A lot of people are thinking this. Unfortunately, we have limited capacity to install. If you wait until September to sign up, we will likely already be all booked up for the rest of the year with other installations. If you want to be sure to get these incentives, contact us now.

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