This farm supply store in Fultonville took advantage of New York’s generous solar incentives. We installed
this 35.96 kW ground mount system for them.
Solar Panel Installation for Eastern New York State
Paradise Energy Solutions is helping create a bright and sustainable future for New York homes and businesses
With all of the incentives offered in New York, a 5kW system will pay for itself in 6 years!
New York’s generous solar power tax credits, rebates, and other incentives make it easier than ever to go solar, whether you’re in the Big Apple or Niagara Falls.
We’re proud of the name we’ve built for ourselves in New York, based on our outstanding service and the great value we provide our residential, business, and agricultural customers. Paradise Energy Solutions serves upstate New York residents and businesses from our office in Geneva and Eastern New York from our New Windsor office.
Find Out How We Make Switching to Solar Easy
A 50kw system would save $6,600/year and pay for itself in 6.9 years – a 14.6% ROI!
The S&P 500 average rate of return is 7.8%
Hudson Valley Staff
What Does Going Solar in New York Look Like?
Watch this short video for a quick summary of benefits.
Source: Solar Power Rocks
Our main office is located in New Windsor in the Orange County Business Acclerator, close to the Stewart International Airport. We work mostly in the greater Hudson Valley region, including Albany. The main counties we serve are listed below. If you live farther west in the Syracuse and Rochester areas, contact our Geneva, NY office.
If you’re not sure we serve your area, please call us at 845-764-4010.
Locations we serve include:
- West Point
- Saratoga Springs
- Orange county
- Westchester county
- Rockland county
- Sullivan county
- Dutchess county
- Ulster county
- Greene county
Projects We’ve Completed in New York
How We Make Switching to Solar Easy For You
Free Site Assessment
It’s important to determine together what type of solar panel set up is right for your budget, your power usage, and your location. Our installation expert will take you through a checklist so we can create a customized plan just for you, for free.
No Change To Your Current System
Our grid-connected solar panels integrate into your current electrical system seamlessly. In most cases, extensive or expensive modifications are not needed. Panels can be placed on barn roofs, livestock buildings, farmhouse roof, or the ground.
We’ll Do the Paperwork
Not sure if you qualify for certain tax breaks? Don’t worry. Our experienced staff will identify federal and state grants and tax credits that you qualify for. And we’ll complete and submit the forms on your behalf.
You get a 2-year performance guarantee on your new system that we install. If the output doesn’t meet the minimum output projections, we will refund the difference based on current energy prices.
Energize NY wants to help homeowners and businesses in New York waste less energy. The program provides direct support, helpful energy consumption information, and innovative tools to help New Yorkers make more informed energy consumption decisions.
Learn more about Energize NY:
New York Solar Tax Incentives Make Going Solar Even Easier
Paradise Energy Solutions is a New York State Energy Research & Development Authority (NYSERDA) approved installer of solar electric systems.
NYSERDA provides incentives for the installation of approved, grid-connected photovoltaic (PV) systems. 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.
Only systems installed by eligible, NYSERDA-approved contractors qualify for the rebates (Paradise Energy is approved). 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.
Contact us today to take advantage of this rebate!
What is Net Metering?
Commercial Net Metering Video
Residential Net Metering Video
New York state offers a 25% tax credit (maximum $5,000) for solar electric and solar-thermal systems. Any amount of the credit that exceeds a taxpayer’s liability in a given tax year may be carried forward for the 5 following taxable years. Learn more about New York financial incentives.
Sales Tax Exemption
Solar panel system installations are 100% non-taxable in New York, including New York City.
Property Tax Exemption
Property taxes from increased home value due to a solar installation are 100% of the value added to the residence by the improvements, which is a big deal when you consider that adding solar panels to your home could increase its value significantly.
We will help you with all of the tax paperwork too!
Federal & State Tax Incentives
A 30% tax credit allows you, as the homeowner, to claim a credit on your federal tax return worth 30% of the solar array installed cost. Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement in order to qualify for the tax credit. This credit can be carried forward to future tax years if it is not claimed in its entirety in the year that the solar panels are installed. For example, let’s say you’re claiming a $2,500 credit on a $2,000 tax bill – you can’t use the credit to get $500 back from the IRS. Instead, you’ll carry over the credit to the following tax year.
Tax Credit vs. Deduction
A tax credit is taken directly off your tax payment, rather than as a deduction from your taxable income. The solar panel tax credit may be applied to a primary residence, a vacation home, and for either an existing structure or new construction. Other than the cost of the system, there is no limit on the dollar amount of the credit.
A 30% tax credit allows the business owner to claim a credit on Federal income taxes worth 30% of the installed cost of a solar facility. There is no maximum set for the credit. There are provisions for carryback of the credit to previous years and carry forward 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 5-year tax depreciation schedule, allowing a business to recover a portion of their investment quickly.
PACE Energize NY Financing
The PACE Energize New York program helps businesses located in Orange County, New York to finance a new solar installation for an interest rate as low as 3.75%. Terms range from 5-20 years and repayment is based on and is paid through a tax charge on the property tax. Additionally, the repayment obligation transfers to the new owner if the property would be sold. Benefits include installing solar with little to no up-front cost, decrease your monthly energy bill, flexible terms and interest rates, and long-term energy savings.
Eligible Solar Energy Systems Must Do One (or More) of the Following:*
• Generate electricity
• Heat or cool a building
• Provide hot water (for use in a structure, or to provide solar process heat)