What you need to know about New York state energy rebates and incentives

The energy requirements of a huge city like New York are extremely high. The electricity rates in New York are rising along with the demand for energy. The experts have paid their attention to this situation in order to stay away from an energy crisis, which can take place in the future. This has given life to a wide range of solar energy rebate and incentive programs. Out of the available alternatives, people prefer to use renewable energy sources such as solar energy because of their advantages.

People who live in New York prefer to go for solar energy because it is not only available, but accessible too. Any home can easily look online for a solar panel installation provider and get their services with minimum hassle. Apart from that, these homes can also gain financial benefits through New York state energy rebates. The New York state solar incentives are provided by the federal government in order to promote this fascinating source of energy and its benefits to the residents.

The first federal tax break was provided to the renewable energy users in 2005. Before the implementation of this act, people had a very little interest in purchasing solar panels. However, the things have changed now and there is a huge demand for solar panels throughout America. From the Energy Policy act, which was put forward in 2005, people who buy new solar panels received tax credit up to $2000 or 30 percent from their purchase price. This Energy Policy was extended in 2008 in order to make it friendlier. From this extension, the homeowners who use solar energy as their primary energy source got the opportunity to enjoy fabulous tax benefits.

These New York state energy rebates have made it easy for the people to purchase new solar panels for their homes. For example, if you purchase a new solar panel system that is worth $30,000, you will be able to get a tax credit well above $2000. If you can itemize your tax deductions, you can make it rise up to $10,000.

Solar energy is available for all the people in New York for free. Instead of relying on the grid, you can move into a solar panel and gain the maximum out of the resources that are available around you. Solar panels are not in a position to harm the planet we live. Therefore, any homeowner can think of moving into a solar panel without any hesitation. It is one of the best investments that a homeowner in New York can do in his life.