Solar By State New York
Creating a Bright and Sustainable Future For New York State
With locations throughout the Northeast, thousands of customers have relied on Paradise Energy Solutions for all their solar energy needs. As a leading solar installer in NY, Paradise Energy Solutions has been helping upstate residents live more sustainable lives. We do everything from hot water heaters to a full solar installation that makes gas and hydro obsolete. Contact us at our Himrod location today for more information about how we can help you.
Rein in Your Utility Costs
Once you’ve secured government funding to offset the cost of a solar energy installation, all that’s left to do is start saving money! Even if only a portion of your energy usage is supplied by solar power, you’ll see your utility costs drop almost immediately. In fact, we guarantee it. If your system fails to meet our minimum performance standards during the first two years, we’ll reimburse you the difference.
A Leader Among NY Solar Installers
At Paradise Energy Solutions, we’re proud to have built a name for ourselves based on our outstanding service and the great value we provide our residential, business and agricultural customers. If you believe in a brighter future for the next generation, contact us today to find out how a simple switch to solar power can make the world a little bit greener.
30% Tax Credit allows a tax paying business entity to claim a credit on their Federal income taxes of 30% of the installed cost of a solar facility (no maximum amount). There are provisions for carryback of the credit to previous years and carryforward of the credit to future tax years.
Modified Accelerated Cost-Recovery System (MACRS) allows businesses to recover investments in solar property through depreciation deductions. This is achieved through a five year tax depreciation schedule, allowing a business to recover a portion of their investment quickly.
30% Tax Credit allows a homeowner to claim a credit on their federal income taxes for 30% of the solar array installed cost. This credit can be carried forward to future tax years, if it is not claimed in its’ entirety in the year that the solar array is installed.
NYSERDA Solar PV Program (PON 2112)
The New York State Energy Research and Development Authority (NYSERDA) provides an incentive for the installation of approved, grid-connected photovoltaic (PV) systems. The base incentive is $1.00/watt (W) for the first 50 kilowatts (kW) of installed capacity per meter. Larger systems will also receive a second tier incentive of $0.60/W for installed capacity over 50kW and up to 200kW per meter. The maximum capacity supported by the program is 25 kilowatts (kW) for residential systems and 200 kW for non-residential systems. The maximum incentive per meter for residential systems is $25,000 and the maximum incentive per meter for non-residential systems is $140,000. To be eligible for rebates, a customer must hire a pre-approved eligible installer to install the solar array. Incentives are only paid to eligible installers and incentives are applied against the customer’s invoice. Due to this arrangement, the PON 2112 PV Program is also very useful as a means to finance your project! Paradise Energy Solutions is a NYSERDA approved installer of Solar Electric systems. Contact us today to take advantage of your rebate!
Residential Solar Tax Credit
This personal State income tax credit is equal to 25% of the cost of equipment and installation for residential Solar-Electric and Solar-Thermal systems. The Credit is capped at $5000 for solar energy systems. Any amount of the credit and exceeds a taxpayer’s liability in a given tax year may be carried forward for the five following taxable years. Any portion of the system cost provided by a non-taxable federal, state, or local grant is not eligible for this credit.
New York Sun Competitive Photovoltaic Program (PON 2860)
This Competitive funding opportunity has a budget of $30 million and is available for Commercial PV Projects larger than 200 kW that are located in NYISO load zones G, H, I , and J. Applicants will be competitively selected based on their incentive bid in dollars per kWh.
Solar Sales Tax Exemption
New York State has exempted residential and non-residential solar energy systems from the 4% state sales and use tax and 3/8th% sales and use tax imposed by the state in the Metropolitan Commuter Transportation District (MCTD). This allows Paradise Energy Solutions to pass on a lower installed cost for your solar array!Also, local Jurisdictions have the option to exempt solar energy systems from local sales and use tax as well. So far, there have been 23 counties and cities that have exempted residential solar arrays from local sales and use tax, and 6 counties and cities that have exempted commercial solar arrays from local sales and use tax. Contact us to find out if your local jurisdiction has exempted solar energy systems from local sales and use tax.
Listen to Joe Zietz speak about the advantages of solar on the Orange County Chamber of Commerce.