Anybody know if there are currently any Govt incentives (Brooklyn, NY) to get solar panels on my roof? Or have any experience or know costs & other things to consider would love to hear some input.
I'm in the process of setting up solar now.
The tax incentives in NY make it a no brainer. Also the other good thing is if you want to replace your roof they can roll it into the cost of the solar project which would make it then eligible for all of the tax incentives.
Here is an example of the tax breaks
System cost - 40k
Federal Tax Credit - 26%
NYS One Time Tax Credit - 5k
Property tax credit 8k split over 4 years
Once you factor in all of the credits the system is about 16.5k
The amount can be financed at a very low rate (about 1% for a 20 year term)
Assuming your panels produce more KwH than you consume your Coned bill would only be $18 monthly (the connection fee).
Please note the tax incentives above are only if you are purchasing the system.
I got quotes from a bunch of different companies, did a lot of research.
If you want more info please PM me.