June 15, 2021
For residents of White Plains, and New York State in general, going solar is an effective way to offset some of the highest utility costs in the entire country. While New Yorkers face some of the biggest utility bills in the United States, they also live in a state which offers some of the best solar incentives and rebates available in 2021. This combination of high utility costs and excellent incentives makes a solar panel installation a clear winner for White Plains energy customers.
Top 5 Reasons to Go Solar in White Plains, New York
There are a number of reasons why solar is a smart investment for both residential and commercial property owners in White Plains and Westchester County. Additionally, even those residents who don’t own property could be in a position to subscribe to a community solar project, receiving many of the benefits of conventional rooftop solar without the need to install solar panels. Below, we’ve listed some of the main reasons to install solar panels in White Plains, NY:
Offset Your Utility Bill: This is probably the biggest draw for most solar energy consumers. A solar panel installation can massively offset, and in some cases virtually eliminate, your monthly utility bill. YSG customers over the years have seen their utility costs reduced to almost nothing.
Increase Your Property Value: It has been shown that a solar panel installation increases property value. Potential buyers are keen to purchase a property with pre-installed solar, allowing them to save on utility costs immediately upon purchase.
Protect Against Utility Rates: As noted, New Yorkers are subject to some of the highest utility rates in the country. With these rates continuing to trend upwards, a solar panel installation is a way to safeguard against volatile utility costs.
Reduce Your Carbon Footprint: Going solar is a tangible way to reduce your carbon footprint and contribute to a cleaner environment for your family and your community in the coming decades. Commercial property owners, in particular, can generate a lot of goodwill by committing to renewable energy.
Take Advantage of Incentives & Rebates: Thanks to initiatives like NY-Sun and the REV Program, New Yorkers have a whole host of solar incentives and tax credits available to them. Going solar offers an excellent return on investment, and once the system is paid off you’ll be generating free solar energy on your property.
How much do solar panels cost in New York?
According to EnergySage, the average cost of a solar panel installation in New York is between $12,452 and $16,848. If you break the cost down to a per watt basis, the cost of New York solar ranges from $2.49 to $3.37.
Solar Incentives & Rebates in White Plains, New York
Residents of White Plains and Westchester County can take advantage of some of the best solar incentives on the market in 2021. Below, we’ve outlined some of the most important incentives & rebates for New York solar.
Federal Investment Tax Credit (ITC): The ITC has been one of the core drivers of solar growth across the United States—and with good reason. The ITC allows you to cut your federal tax liability by up to 26% of your solar system’s net cost. This tax credit is applicable only if you purchase the solar system, so it’s not available to customers leasing their solar panels. Additionally, if your tax liability isn’t large enough to claim the entire 26% credit, you can roll it over to the following year.
New York State Solar Equipment Tax Credit: This NY tax credit allows solar customers to reduce state tax liability by either $5,000 or 25% of total solar expenses—whichever amount is lower. Like the ITC, the NYS Solar Equipment Tax Credit can be rolled over to the next year if tax liability isn’t large enough. Unlike the ITC, it is also applicable to customers who lease their solar panels.
Megawatt Block Incentive Structure: This dollars-per-watt ($/W) rebate, courtesy of the NY-Sun initiative, is available to both residential and commercial solar energy customers. The rate varies depending on the amount of solar energy already being generated in your locality but it could be as high as $1 per watt.
Net Metering: Net metering is a means of compensating solar customers to ensure that they are fairly paid for the energy generated by their solar system. Excess electricity generated by a solar system is sent back to the power grid, meaning that your local utility company will credit you on your monthly bill based upon the energy generated by your solar panels.
There are also additional tax exemption and abatement programs available in New York State. You can read full details of these and other tax credits on the NYSERDA website.
Top Solar Contractors & Installers in White Plains, NY 2021
Some of the best solar panel installers serving White Plains, New York in 2021 include:
YSG Solar
New York Power Solutions
SunPower
SunBlue Energy
Kasselman Solar
PlugPV
EmPower Solar
& more
YSG Solar is honored to be the #1 Westchester Solar Contractor and Installer based in the residential and commercial sector in White Plains, New York. According to Man Kit Wu, an engineer with YSG who joined the team in 2011:
"YSG was founded with a holistic view when working with all of our clients. From the start, we really focused on customer experience and analyzed each part of the process. This is a process that we continue to analyze 10 years later, and we are always working to move the market and provide the best possible experience.”
YSG Solar also services the rest of New York state, including:
Albany
Buffalo
Ithaca
New York City
Rochester
Syracuse
Watertown
If you’re looking for a Westchester solar installer, then look no further. Reach out to YSG Solar today. Send us an email, or call at 212.389.9215 and we will identify the ideal solar project for your unique energy needs, ensuring maximum utility bill savings and the best possible return on your investment. YSG serves the entire state of New York, so even if you live outside Westchester, get in touch.
YSG Solar is a project development vehicle responsible for commoditizing energy infrastructure projects. We work with long-term owners and operators to provide clean energy assets with stable, predictable cash flows. YSG's market focus is distributed generation and utility-scale projects located within North America.
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