Do Solar Panels Make Sense In New York

Some other ideas are described in my sustainable energy manifesto.

Do solar panels make sense in new york.

In new york state there are three different incentives that help you pay for solar and two of them are based on income tax credits. Panasonic will stop making solar panels at tesla s new york factory as it pulls back from that market in the us the company said wednesday. The megawatt block incentive structure new york s megawatt block incentive is a direct generous incentive for solar energy available under new york s ambitious ny sun initiative. You might be asking who doesn t pay income taxes.

In new jersey homes with solar panels can sell for 9 9 more than homes without solar energy systems. Tax credits are very beneficial but if you pay no state or federal income tax there s nothing to credit you. On top of the federal government s 30 investment tax credit itc for solar which is set to expire at the end of 2016 new york also has a robust incentive framework of its own including the megawatt block incentive a solar net metering policy that ensures that your utility company pays you a fair rate for your extra solar power and a state tax credit of up to 5 000. There are better ways to spend those dollars as we transition away from a hydro carbon economy.

More famous for their cold snowy winters than sunny summer days. Thank davis for the post. Furthermore new york state has a net metering system where the export of excess energy from your solar system will directly offset power used at other times of the day or year allowing you to reap the entire benefits of any solar power you generate. The japanese electronics giant said it plans to le.

All in all looking at roof top solar panels perfectly objectively they just don t make sense. There are three main incentive programs that make going solar a sweet deal in new york. In fact some of the states with the most installed solar in the country including new york new jersey and massachusetts are in the northeastern u s. That is a profit of 32 281 for the median valued home in that state.