Solar Company in New York
Solar energy backed by a brand you trust in New York
ADT Solar, coming soon to New York
ADT Solar is soon to be the New York solar company of choice for residents who want to take full advantage of the many incentives available to them, including federal, state, and some local programs. While we are unfortunately not offering solar installations in New York yet, you can read below to learn more about solar panels!
Going Solar in New York
Is New York a good state for solar? The Empire State stretches from the cataracts of Niagara Falls, through rolling farmland and the city that never sleeps, to hundreds of miles of scenic coast in Long Island. All those places and everywhere in between is prime territory for solar power.
In fact, New York added 666.59 megawatts of solar in 2021, bringing its total to over 3,585 megawatts across the state. Even better, the pace of installation is growing. The state is expected to add more than 4,700 megawatts over the next five years, averaging just under a gigawatt a year.
New York has some of the best incentive programs for solar power in the country, and that means New Yorkers can get great deals on a solar system that will reduce their dependence on the power company.
Quick Facts about solar in New York State:
- There’s enough solar installed in New York to power 593,699 homes
New York has invested $8.2 billion in solar energy
- New York is in the top 10 for solar energy in the United States
- ADT Solar provides affordable solar panels, solar power systems and rooftop solar panel installations in New York. Let’s learn more about solar power savings in the Empire State.
Are Solar Panels Worth it in New York?
Here’s why New York State is a top 10 solar market in the United States:
Solar Technology Improvements
Solar technology has made huge strides in efficiency and longevity, too! More efficient solar panels mean that each square foot of solar panels can produce even more solar power. This is extremely important for rooftop installations that have limited space for solar panels.
The cost of installing solar panel installations has hit an all time low. Solar panels have fallen in price by more than 80% in the last ten years. The 26% federal tax credit, state incentives and net metering laws make solar in New York an excellent investment.
Improved Home Value
A solar panel system does more than lower or eliminate your electric bill, it is also an asset that increases your home’s value! According to leading home marketplace Zillow, homes with solar panels sell for an average of 4.1% more than comparable homes without solar. You might think that’s a great number, and it is. But if you’re a New York resident, the picture is much brighter than that. In New York, solar panels add an average of 5.4% to your home’s value!
The federal government gives out a significant tax credit for those who install solar panels to their home. The rate is locked in at 26% until the end of 2022. After that, it will drop to 22%. And after 2023, it’ll no longer be available.
Solar Powered Battery Storage
If you’re concerned about power outages, now is a great time to consider a solar battery backup as an add on to your solar energy system. Solar energy batteries, like the Enphase Encharge or Tesla Powerwall, will take any extra solar power your panels produce and store it for you to use later. So even when the sun goes down, your home can run on clean, green energy.
As concern about climate change grows, people are looking for ways to reduce their fossil fuel consumption. You can decrease your carbon footprint while increasing self-sufficiency by installing solar panels on your home.
New York Solar Incentives
ADT Solar is the New York solar company of choice for residents who want to take full advantage of the many incentives available to them, including federal, state, and some local programs. Our solar specialists can help you take advantage of every solar incentive available to you.
Solar Incentives available in New York:
- Federal Solar Tax Credit
- New York Solar Tax Credit
- Sales Tax Exemption
- Net Metering
- Megawatt Block Incentive Program
Federal Solar Tax Credit (ITC) in New York
If you’re going solar in New York, there’s yet another giant cost-savings credit: the Solar Investment Tax Credit (ITC) offered by the United States federal government. This federal tax credit is available to New York homeowners and business owners. If eligible, it allows you to claim a 30% tax credit on the entire solar system cost, including solar battery storage.*
New York Solar Tax Credit
Much like the Federal Investment Tax Credit, the New York solar tax credit can reduce your state tax payments by up to 25% of your total solar energy expenses. Combined, that means you can get tax credits worth up to 51% of the cost of your solar system! If your state income tax bill doesn’t add up to as much as the credit, you can carry it over to future years. The value caps out at $5,000.
New York sales tax exemption
If you’re worried about the cost of solar panels keeping you from installing panels on your roof, New York has a solar energy sales tax exemption to help keep that in check. Your purchase of solar panels and equipment will be exempt from state sales tax. This means that New York’s 4% sales tax will not be added to purchases of solar energy equipment, although you may still have to pay local or county sales tax.
New York net metering
New York’s Megawatt rebate is a one-time payment, but the state’s net metering policy provides an important ongoing tool to offset your costs. It ensures that when you generate more energy than you consume, you will get paid a fair price for sending that excess to the grid. Credits for excess energy you generate in the summer can help offset your energy costs in those short winter days.
Here are some of the top utility net metering programs in New York:
The Megawatt Block Incentive program
New York has a Megawatt Block Incentive program for both commercial and home installations. That means the state will pay you for each watt of solar capacity you install on your roof! The rebate runs from $0.20 to $0.50 per watt depending on which region of the state you live in. The bigger your solar array, the more money you get back.
Battery incentives too!
If your home is on Long Island, PSEG LI’s Solar Plus Energy Storage Incentive is an important opportunity for you. As part of a partnership with the state, the utility offers an upfront incentive of $250 per kilowatt-hour (kWh) of storage capacity. That means something like $2,300 to $3,300 in savings for the average homeowner.
Local and municipal incentives
Many cities, towns and counties throughout the state offer incentives for you to install solar panels on your roof, including breaks on your property tax. Make sure you check with your ADT Solar Energy Specialist about local programs that can make solar an even better deal for you.
How to Choose a Solar Installer in New York
You have a lot of questions about installing a solar power system in your home, and it’s important that you are comfortable with your solar energy contractor. So how do you find one that you can trust? Here’s some common sense ideas that will help you choose.
- Warranties! Find a company that backs up the work it does, and will be around if you need some help with your system. It says a lot about a company when it puts its commitment to you in print. And make sure the panels and other equipment have good warranties too.
- Read the reviews. Internet reviews can be a challenge–they aren’t always reliable. Make sure a large majority of the reviews aren’t negative and stating the same problems over and over. That’s an indicator that you should start asking questions about a company.
- Look for a company with experience. A company that’s been in the game a while will have the expertise to do your job right, but will also be around to back up their work. You’ll know your investment is protected for years to come.
*Tax and credits or incentives including those provided by federal, state, or local governments may change or end. This can impact the amount of money you might save. Consult a tax professional to understand any tax liability or eligibility for any tax credits that may result from the purchase of your solar system.
**If you have taxable income and own the system, you may qualify for the federal investment tax credit (ITC). It is your responsibility to determine your eligibility and to apply. Consult a qualified tax professional for assistance and details.