Long Island is one of the most popular solar locations in New York, accounting for a significant chunk of the city’s solar installations. This hasn’t happened by accident, Long Island is a great solar location for a number of reasons—from the huge savings to the energy independence, Long Island residents have seen the many benefits of solar power over the years. Below, you’ll find just a few of the big reasons to go solar on Long Island.
#1. Great Incentives & Rebates
A number of excellent incentives and rebates are available for prospective solar consumers across the US and throughout the state of New York. Long Island is, of course, no exception to this. In addition to the savings on your utility bill brought about by solar, these incentives and rebates can reduce the cost of the system and further recoup your investment. There is a state tax credit for New Yorkers, as well as exemptions for property and sales taxes.
Most importantly, the federal investment tax credit (ITC) allows solar customers to reduce their federal tax liability by up to 30% of system value, providing the system has been purchased and not merely leased. Unfortunately, for the moment at least, the plan is to gradually decrease the ITC over the coming years before removing it entirely. However, many in the solar industry are campaigning to stop this from happening. Nonetheless, the ITC remains one of the best incentives for solar consumers in 2019 and beyond.
#2. High Utility Costs
Utility costs are on the up-and-up across the entire United States, but the east coast in particular has some of the highest electricity rates in the country, with New Yorkers and Long Island residents specifically feeling the impact of increasing utility costs in recent times. The future looks set to follow this trend too, with utility rates projected to increase further. With this in mind, solar provides a great way to avoid these increases and put a real dent in your utility bill.
Proportionately, Long Island customers stand to see some of the biggest savings from solar compared to other consumers across the country. If your electric bill is high to begin with, which it likely is for most New York residents, then the percentage savings you can get from a solar installation will really take a chunk out of your utility bill and make it much more manageable.
#3. Increased Property Value
It’s not just the savings that provide solar value either, a solar panel installation can increase the value of your property and even make the property more appealing to potential buyers if you do decide to sell in the future. New York real estate is, of course, a very competitive arena, so any small advantage can make a real difference in the property market.
A home or business which is already set up with solar panels and generating clean energy can be a real draw for prospective buyers. Solar panels are a superb long-term investment and the process of transferring ownership of the panels is very straightforward. If you’re considering going solar, but feel that you may sell your property in the future, ask YSG about this process of transferring panel ownership.
#4. Help The Environment
Climate change has been a huge talking point for many years now, but it feels like 2019 has seen the intensity of the conversation escalate even further. If you want to do your part for the environment and fight climate change through the use of clean energy, then solar panels are a fantastic option. Renewable energy is increasingly popular on Long Island and, as noted earlier, solar panel installations are a big part of this push toward renewables.
With a solar panel installation you can make a tangible difference in the fight against climate change and even save some money at the same time! What’s more, your decision to go solar could convince a neighbor to go solar. Then, maybe, they convince a friend to go solar, and they convince their friend and… you get the point, the whole thing sparks a chain reaction of Long Island solar installations. It’s good for your wallet and it’s good for our planet.
By Shane Croghan