- Discover the truth behind “free” solar panel claims and misleading ads
- Learn about the significant solar incentives available in Long Island and NYC, covering up to 75% of costs
- Find out how reputable companies like Patriot Energy Solutions provide transparent information and expert guidance
As a homeowner in Long Island or New York City, you may have come across advertisements claiming that solar panels are completely free. While these ads can be tempting, it’s essential to understand the reality behind these claims and make informed decisions about going solar. In this article, we’ll explore the truth about solar panel costs and incentives in Long Island and NYC, and how trusted companies like Patriot Energy Solutions are committed to providing accurate information and exceptional service to their customers.
The Misconception of “Free” Solar Panels
Many online ads claim that solar panels are entirely free or that the government will cover the full cost of your solar installation. However, these claims can be misleading. While there are significant incentives and tax credits available to help offset the cost of solar panels, the panels themselves are not free.
Substantial Solar Incentives in Long Island and New York City
In Long Island, a combination of state and federal incentives can cover approximately 55% of the cost of a solar panel installation. In New York City, with property tax abatement and NY-Sun incentives, approximately 65-75% of the cost can be covered. However, the remaining amount is typically financed through a loan.
- Federal Solar Investment Tax Credit (ITC): Offers a 30% tax credit on the cost of your solar panel system. (Learn more)
- New York State Solar Energy System Equipment Credit: Provides a 25% tax credit, up to $5,000, on the cost of your solar panel installation. (Learn more)
- NY-Sun Megawatt Block Incentive: Offers rebates of $200 to $400 per kilowatt (kW) for residential solar installations. (Learn more)
- New York City Property Tax Abatement: Provides a four-year tax abatement of 7.5% per year (30% total) on the installed cost of your solar panel system. (Learn more)
Reliable Sources for Solar Information
When researching solar incentives and tax credits, it’s crucial to refer to reliable sources like the Internal Revenue Service (IRS), Department of Energy (DOE), and the New York State Energy Research and Development Authority (NYSERDA). These organizations provide the most up-to-date and accurate information about solar incentives and programs.
- IRS – Energy Incentives for Individuals
- DOE – Homeowner’s Guide to the Federal Tax Credit for Solar PV
- NYSERDA – NY-Sun Incentive Program
The Benefits of Going Solar
While solar panels are not entirely free, they do offer significant savings and benefits for homeowners in Long Island and New York City. By going solar, you can:
- Reduce your monthly electricity bills by 30-50%
- Protect yourself from rising energy costs
- Decrease your carbon footprint
- Increase the value of your home
Choose a Trusted Solar Partner
When considering solar panel installation for your home, it’s essential to work with a reputable and experienced company like Patriot Energy Solutions. Founded in 2014, Patriot Energy Solutions has been providing top-quality solar and energy efficiency services to homeowners in Long Island and NYC, helping them save money, reduce their carbon footprint, and improve the comfort of their homes.
By understanding the truth behind solar panel costs and incentives, and working with a trusted solar partner, you can make an informed decision about going solar and enjoy the many benefits it has to offer.
Let's share this post!
Why choose Patriot Energy solutions?
Experienced solar expert.
With over a decade of expertise in solar, we confidently established in 2014 and have successfully installed near 2000 houses in Long Island and New York City.
Licensed & Certified
As NABCEP PVIP certified experts, we are recognized as one of the top solar installation companies in NYC and Long Island. Our passion for sustainable energy and commitment to excellence deliver top-notch solar solutions. With years of experience and industry knowledge, we help homeowners and businesses harness solar power effectively. Trust us to achieve your solar goals.
Solar Solutions for all roofs
At Patriot Energy, we offer high-quality rooftop solutions for all types of roofs. As a leading rooftop canopy company in New York, we provide top-notch service and unparalleled craftsmanship. Contact us today to create the perfect rooftop solution for your property.
Empower Your Savings with Inspiring Solar Bills from Our Happy Customers
Our customers have seen remarkable results by switching to solar energy. Two recent examples include PSEG and ConEdision bills which show 100% usage coverage and hundreds of dollars in savings. We are proud to offer reliable and efficient solar solutions to our clients.
Mrs. Hoyes
installed a 6kw solar panel system in Brooklyn in the year 2021.
