A home near the corner of Eureka Ave and Protection Ave is now a Herkimer Village Solar Energy Pioneer. Solar City, an innovative solar panel manufacturer in Buffalo, has installed multiple panels on the roof of 353 Eureka Ave. Solar City is now providing energy to homes at rates equivalent to monthly gas costs. Not only that, you can sell back energy that you don’t use to the power company. According to their building permit, the installation cost about $12,000 and is 10 kW.
Herkimer Village Solar Energy is more affordable than ever due to incentive programs. Find out how your neighbors on Eureka Ave are becoming the greenest and thriftiest energy consumers in your community.
NY-Sun Solar Electric Incentive Program
New York’s Energy Research and Development Authority offers cash incentives for residential Photovoltaic (PV) systems that are 25kW or less. Incentives will be available on a first-come, first-serve basis, until December 31, 2023, or until funds are exhausted. Those in low to moderate income households can qualify for additional incentives. A cash incentive of $1.75 per watt to a maximum of 7 KW for residential systems is offered. That means that up to $11,250 is available to eligible installers for the installation of approved, grid-connected solar PV systems. You can get more information at NY-Sun Incentive Program page and also from Solar New York.
For solar water heating systems NY offers a credit of $1.50 per annual kilowatt-hour displaced, capping at $4,000 for residential installations.
With Solar Electric cash incentive and leasing programs it makes sense to investigate how you can save money and help our state achieve a green energy status of #1 in the US.
Federal Tax Credits
There is also a 30 percent federal tax credit for solar electric systems. You can deduct 30% of your solar power system costs from your federal taxes using an investment tax credit (ITC). This credit can be used over a period of years.
Why is it time for Herkimer Village Solar Energy?
Solar City Buffalo, NY, now produces the most efficient roof top solar panels in the world. These panels are produced at their high efficiency high volume facility in NY. With so many incentives, radical improvements in technology and purchasing options available, it makes sense to plan your own solar energy investment.