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Solar Tax Credits and Rebates on Long Island

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Are you afraid that investing in solar is too cost prohibitive? Would you change your mind if you learned that New York and federal tax credits and rebates are worth about 50% of the cost of a new solar system? It’s true! Here are the tax credits and rebates you can qualify for as a Long Island resident.

Solar Tax Credits

A solar tax credit is a deduction on your federal and state income taxes for the year in which you install a solar system, including solar panels and solar water heaters.

The federal tax credit is worth 30% of the purchase and installation costs with no upper limit. This could reduce your taxes by $6,000 to $12,000! If you pay lower annual taxes than this, you can rollover unused tax credits to later years, allowing you to maximize your savings. The 30% federal solar tax credit is available through 2019. The credit drops to 26% for the 2020 tax year and drops again to 22% for the 2021 tax year. The credit expires completely on December 31, 2021.

New York State also offers a tax credit, worth 25% of a solar purchase or lease, with a maximum value of $5,000. Energy By Choice will accurately calculate your federal and state tax credits.

Solar Tax Exemptions

New York lawmakers want to encourage as many homeowners as possible to go solar. To help their cause, they have issued property and sales tax exemptions for anyone who installs solar panels.

A solar electric system can increase your property value by significantly reducing your electricity expenses. New York State’s Real Property Tax Law prevents higher property taxes on that higher home value for the next 15 years. This can save you thousands of dollars in taxes over the coming years.

Then, with the New York State Sales Tax Exemption, you don’t have to pay sales tax on the cost to purchase and install your solar panels. When you’re looking at spending a few thousand dollars on solar panels, avoiding sales tax is a great way to save big up front.

Net Metering

While not technically a tax credit or rebate, net metering is yet another way to save over time once you go solar. As long as your system is grid-tied, this program allows you to rollover your energy credits from month to month, allowing you to tap in to your energy credit account during times of higher energy usage. New York utility companies sell this excess energy as clean power to other customers. It’s a win-win situation!

Save Big with Solar Tax Credits and Rebates

New York is ranked one of the best states to go solar because of these great tax credits, rebates, and programs. Clearly, if you take advantage of all these ways to save, you can go solar for far less than you thought possible. Contact Energy By Choice to see how the federal and NY state solar tax credits can work for you!

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  • Victoria Northport

    Energy by Choice was one of our best decisions: Professional, intelligent gentlemen, on time, kept to schedule, neat, proficient, excellent in customer service. The sales, the office, the installers, everyone.. My PSEG bill is $12.00 a month…….yes loans to pay for installation, once that is paid off ….$12.00 a month. We love our solar panels, beautiful, energy efficient, less pollution, better for the environment and my son’s future.

  • Joe West Babylon

    Great Installation, Great Company, Great People. This is the first time I’ve ever dealt with a contractor and the estimate was exactly the same as the proposal !!!. No out of pocket expense. By the way I interviewed 8 companies. Energy by Choice was a pleasure to deal with. No buying pressure. My solar has been installed for 16 months. My electric bill was $350 a month. My connection charges average $12 a month. I’m saving $338 a month!

  • Mike Bethpage

    Very professional. Got They helped set up the financing, the permits and gave me the system that I wanted. After all the incentives I paid $16,000, but my bill is still over $100 cheaper than my budget payment. They also follow up with suggestions on how to get the most from your system. Sail’s the best.

  • Raymond Port Jefferson Station

    I am very pleased with my selection of Energy By Choice. Sail designed a system to virtually eliminate my electric bill. I chose to own the system so I would benefit the most from the savings.

  • Ginny Amityville

    A delightful experience. Delightful, efficient team of installers. Can’t wait to see my savings and the difference in my PSEG bills.

  • Ralph Lindenhurst

    We are extremely happy with our experience so far with Energy By Choice & Sun Power. From the sales dept. to the installation, everything went very well. Steve, Kelly, Sail & Evelyn as well as the install crew are all very knowledgeable and professional. Thank you for getting us “green” & for enabling us in the near future to tell PSE & G to take their highest energy rates in the country & stick it where the “Sun don’t shine

  • Ralph Smithtown

    Energy By Choice did a great job! The job was neat and clean. The guys were great. My panels are awesome! I would recommend Energy By Choice to anyone. I have central air, pool and hot tub, electric stove and dryer. Good bye electric bill!

  • Judy Mineola

    Helpful, honest; enjoyed the experience of the office personnel, (no pressure) from initial phone inquiry to certificate of completion. Getting better than half the cost returned from the State & Federal Gov. helped even more. Only thing left is to reap the rewards of the investment of our home & future. I would recommend Energy By Choice as a preference over the other companies who tried to push & sell their products to us.

  • Arlene Commack

    Our solar panels were installed last week. Now that the entire process is done, if you’re thinking about solar panels, this is the company to call. Professional, prompt, courteous and a clean job. Thanks again to Sail and his team of experts. We love our solar panels and, even more so, we love watching the meter run backwards!

  • Kalli Port Washington

    I had solar panels installed by Energy by Choice three years ago. I was pleased with the installation. The crew was professional, polite and knowledgeable. Ongoing support for questions and minor items that needed attention is prompt. I really like seeing no electric bill and credits to my account if I produce more electricity than I use. I would recommend them to others

  • Kalli Port Washington

    I had solar panels installed by Energy by Choice three years ago. The crew was professional, polite and knowledgeable. Ongoing support for questions and minor items that needed attention is prompt. I really like seeing no electric bill. I would recommend them to others.

  • Sue New Hyde Park

    Energy By Choice installed my solar several years ago and have yet to pay more than the mandatory few cents a day service fee by the electric company. While I have had no problems with my system, I have had questions and Sail Van Nostrand is always attentive to me and responds to my inquiries quickly and professionally. I whole heartedly recommend Energy By Choice to anyone looking for a solar contractor.

  • Ruth Ridge

    I’m happy would be an understatement. I’m ECSTATIC!

  • Mike Ronkonkoma

    Received my bill today. It was only $11 dollars and change. Not bad

  • Suzanne Huntington

    Great company! Very professional and pleasant to work with. Everyone I dealt with was friendly, knowledgeable and informative. I LOVE my solar panels and especially my non-existent electricity bill! I only wish I had done this sooner! I highly recommend this company!

  • Gene Brentwood

    Very glad I chose Energy By Choice as the people to install my solar system, every thing went smoothly and thanks to their system 3/4 of my electric for the first year is being supplied by the sun. And their monitoring of the system works like a charm. Would recommend them to anyone!

  • Mike Remsenburg

    Awesome-Producing more than what was estimated-SWEET!

  • Chris Farmingdale

    I’m still loving my panels! Now that I’ve retired, the LOW energy bills are MOST welcome! What other investment can you make that can produce savings like that? I’M HAPPY!

  • Anthony Mattituck

    It was a great thrill to see our electric meter running in reverse after the installation of our system. We look forward to many years of gaining some energy independence from the high cost of electric on Long Island.

  • Mike Long Beach

    I wish to reduce my energy usage and dependence and to show my children that they can be part of this too. Today my newly installed Solar Electric system produced 36.22 KwH of electricity from our SUN! That is enough electricity to light 362 – 100 watt light bulbs for one full hour. We could not be happier.

  • Christine Farmingdale

    Still the best thing is $5 and $10 electric bills! How I love it How about saving approximately $1500 per year! I’m so glad I put up my panels.

  • Jerry Baiting Hollow

    From the start your approach was professional, and every step of the way you clearly and accurately represented the parameters of the project. The only surprises that we had were positive ones: the neatness of the work was exceptional and the effect of the solar cells on our electric bill exceeded our expectations. Hopefully solar energy will become a more common option on Long Island for both electric and for hot water. It provides an opportunity to help the environment, contribute to our country’s energy independence and to benefit from the financial savings over time.

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