Government Incentives for Solar
Federal and state governments are 100% supportive of solar energy, and they’ve created a host of incentives to encourage individuals, businesses and non-profits to switch over:
- Thanks to the Energy Policy Act of 2005, which recently extended its 2016 deadline, the U.S. government offers a 30% tax credit on the cost of solar systems. There’s no ceiling on the amount of your expenditure. People who don’t owe any taxes can roll over the credit to a future year!
- The Database of State Incentives for Renewables and Efficiency (www.dsireusa.org) lists incentives offered by individual states for solar adoption. Check it out to see if there are grants, loans, individual or corporate tax credits, and/or rebates available in your area.
- New York State residents have a multitude of options available to help them switch to solar. NYSERDA (New York State Energy Research and Development Authority) offers incentive programs to support solar projects for commercial and industrial companies, homes, multifamily buildings, small commercial, not-for- profit and municipal buildings. Included among them are the Affordable Solar program for low-to-moderate income residents, and the Shared Solar program to help renters and other residents who aren’t able to install solar on their own roofs. The Solarize program helps communities buy in groups to obtain the most competitive pricing.
- We at Sunaxy™ will help you maximize these benefits of these programs to keep your solar system costs as low as possible. Call us to get an estimate for your home and business and see what programs are available to you.
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- Barbara Bensoussan