Home Solar Power in New York
New York State Solar Policies
New York State has constantly been in the top 10 of solar markets in the United States. Under Governor Cuomo’s “Reforming the Energy Vision” the New York Public Service Commission (PSC) has committed to a $1 billion investment over 10-years to develop a self-sustaining solar market in New York State. One of the goals of the program is to have 3,000MW of PV installed across New York State by 2022. Other New York State policies promoting solar investment include net metering and a feed in tariff through Long Island Power Authority (LIPA). Through the Reforming the Energy Vision docket, the PSC plan includes changes in current policies that will allow more choices in management and consumption to New York electrical customers.
New York Home Solar Growth
In New York there are currently over 77,000 with homes that are being powered with home solar energy saving energy rate payers thousands of dollars each per year. Solar power is also contributing to the overall economic health of the state by helping to create new job opportunities in many communities throughout the state. Solar Power in New York has helped to establish over 545 new solar related companies employing over 7,300 New York residents. In 2014, New York invested $451 million on solar installations. That is a 33% increase over 2013 and that growth is expected to continue into the future.
New York Solar Incentives
New York’s solar rebates are some of the very best in the country. With multiple tax credits, a state rebate program through the New York State Energy Research and Development Authority (NYSERDA), and an additional rebate for some PSE&G customers, New York is one of the most cost-effective states to go solar in.
New York Solar Costs
The national leadership in the installation of home photovoltaic energy systems is a direct result of the supportive solar environment of the government of the State of New York. New York’s policies of allowing net metering combined with generous state, local, personal, and sales tax rebates and incentives available actually allow for ZERO out of pocket costs on the installation of a home solar energy system for qualifying homeowners.
If you are a New York homeowner interested in saving thousands of dollars on your energy bills contact our solar experts today and start profiting from your roof.