Yes. The Federal
government provides a 30% tax credit and New York State provides a 25% tax
credit of the net installed cost after eligible utility rebates. On Long
Island, LIPA offers rebates of $2.00 per watt for residential systems, $1.75 per watt for commercial systems, and $2.75 per watt for non-profits; in NYC the NYS Energy
Research and Development Authority (NYSERDA) offers rebates of $1.75
per watt. In addition, in the state of NY the added value of the solar system
will not increase the property tax of the building. NYC even further reduces property taxes by
20-35%.
Other incentives for
purchasing solar include:
Fight climate change
Stable electricity cost
Secure electricity supply
and attain energy independence
Feeling of EmPowerment
Higher resale value for
property