Cost Of Installation Of Solar Panels In New York

Presented By: Venture Home Solar

Current Federal & New York Solar Rebates

• All 50 states are eligible for a 30% Federal Investment Tax Credit (ITC) to reduce the cost of the system.

• This is calculated as 30% of the value of your system after the upfront NYSERDA rebate

• Solar specialist will calculate this for you and can consult with your accountant to fill out Form 5695 to claim your credit.

NYSERDA Rebate• New York State we have a program to

lower the initial cost of a system.• NYSERDA will reserve your incentive

based on the size of your system.• The average system size is about 7 kW,

but you can receive this rebate up to 25 kW.

• ConEdison territory has the highest incentive level in the state.

NY State Personal Tax Credit

• New York State also has a personal tax credit (PTC) of up to $5,000 for homeowners who choose to purchase, finance, or lease their system.

• It is calculated as 25% of your cost after the NYSERDA rebate with a $5,000 maximum amount.

NYC Property Tax Abatement• In October 2014 the New York State Senate

passed Bill S0746A to extend and increase the property tax abatement for solar energy systems made on buildings in cities with 1 million or more people, which is currently only New York City.

• The property tax abatement (PTA) is calculated as 20% of your system value after your NYSERDA rebate, paid out equally over 4-years through a line item reduction in your property taxes.

What Does It Cost Me?

• Solar energy systems not only save you money, but they increase the value of your home.

• Finance with $0 out of pocket, or roughly 4-5 years if you pay for the system upfront.

• With leasing options you will be saving from day one with a huge immediate savings between your NY State Personal Tax Credit and your NYC Property Tax Abatement.

Contact US

• Venture Home Solar• 240 Kent Ave Brooklyn, • NY 11249• +1 800-203-4158• http://venturehomesolar.com/• Resource: http://goo.gl/j8rSkJ