Hello, Con Edison customer! If you’re wondering about Con Edison solar incentives New York and thinking about solar, you’re in luck. Despite what people might assume, the Empire State is a goldmine for solar savings—not because it’s the sunniest, but because of its jaw-dropping solar incentives. So, grab a coffee (or maybe some New York pizza?) and let’s dive into the top things you need to know to go solar in style.
1. New York’s Solar Incentives Are Out of This World 🚀
Con Edison solar incentives New York
New York offers an impressive mix of solar incentives that can slash your installation costs by more than 50%. Con Edison solar incentives New York provides customers with awesome incentives. Con Edison customers, you get an even sweeter deal thanks to utility-specific programs layered on top of federal, state, and local perks. Let’s break it down:
The NY-Sun Megawatt Block Incentive
This state-backed rebate program from NYSERDA reduces upfront costs. Currently, Con Edison customers can get $0.20 per Watt installed. Con Edison solar incentives New York saves you money each month!
- Example: A 5 kW system costing $20,000 would qualify for a $1,000 rebate, bringing the price to $19,000.
30% Federal Solar Tax Credit 🌟
The federal Investment Tax Credit (ITC) lets you deduct 30% of your solar installation costs from your federal taxes.
- Example: After the NY-Sun rebate, a $19,000 system gets a $5,700 tax credit, reducing your cost to $13,300.
New York State Residential Solar Tax Credit
Worth 25% of your system cost (up to $5,000), this state credit is another significant savings booster.
- Example: Your $13,300 system qualifies for $4,750 in state tax credits, lowering your net cost to $8,550.
Bonus Tax Exemptions
- Sales Tax Exemption: Save
8.5% of your system cost ($1,700 on a $20,000 system). - Property Tax Exemption: Enjoy a 15-year break on additional home value from solar.
- NYC Property Tax Abatement: If you’re in the Big Apple, you get back 7.5% of your solar costs per year for four years, totaling 30% of the system cost!
2. Net Metering in Transition: What It Means for You ⚡
New York is gradually shifting its net metering policies, but Con Edison customers still have options:
- Phase One Plus CBC: Similar to traditional net metering with a small monthly charge (about $1.09 per kW).
- Value Stack (VDER): A more complex compensation program based on when and how your excess solar electricity helps the grid.
Pro Tip: Lock in the more favorable Phase One Plus CBC while it’s still available!
3. Snow Isn’t a Problem—It’s a Bonus! ❄️
Solar panels don’t need heat, just light. Snow actually cleans panels as it melts, keeping them more efficient. For safety, add snow guards to prevent heavy snow sheets from sliding off all at once.
4. Flat or Steep Roof? No Problem. 🏠
Solar works on most roof types:
- Flat Roofs: May need tilting mounts for better sun exposure.
- High-Pitch Roofs: Require careful design to optimize south-facing panels, but are totally doable.
Installers familiar with Con Edison projects are pros at handling New York’s unique roof challenges.
5. NYC Fire Codes: A Tighter Squeeze, but Worth It 🚒
NYC has strict fire safety rules, including:
- 6-foot setbacks from roof edges and clear paths to roof access points.
- Variances: If you’re short on space, you can apply for special permission to extend panels into setback zones.
These regulations ensure safety and maximize your solar potential even in a crowded cityscape.
Why Solar Makes Sense for Con Edison Customers 💡
With some of the highest electricity rates in the U.S., Con Edison customers stand to save big. Combining multiple incentives can reduce installation costs by over 50% and lock in long-term energy savings for decades. Con Edison solar incentives New York is a great way to see monthly savings that will keep your wallet fuller every month!
Ready to make the switch? Start by comparing quotes from trusted local installers. Your wallet—and the planet—will thank you. 🌍