If you're thinking about getting solar panels for your Long Island home, now's the time to make a decision if you want to enjoy the most benefits they provide as well as the solar energy tax credit.
What many homeowners don't know is that there's a wide range of configurations you can choose which allow you to select how much free energy your solar panels produce, all the way up to producing more than you need and selling the extra back to the electric utility company, PSEG Long Island. To sell the excess back, PSEG will install a two-way meter (net meter) that flows in two directions.
Read on to learn more about the benefits of Solar Panel Installation and the energy tax credit for your Long Island home.
30% Federal Solar Tax Credit DROPS at the end of 2019
Hurry, the tax credit deal - 30% Federal Solar Tax Credit DROPS at the end of 2019!
2019 is the last year for the full 30% energy tax credit deal that will help to offset the cost of the installation. After this year, the residential tax deduction percentage drops significantly until ending in 2021.
Call Smart Choice Contracting today to get your NEW asphalt shingle roof AND solar panels with $0 out of pocket cost and monthly payments that are about the same as your Long Island electric bill.
Our specialists can help you design the system of solar panels so they add value to your home and help you save on energy costs. We'll work with you closely to figure out the right configuration of solar panels, solar cells, and other parts of the system. As an experienced Long Island roofing contractor, you can depend on our expert solar panel installation service.
Solar Panel Installation Benefits For Long Island Homeowners
The sun's energy is free, so the most obvious benefit is being able to power your Long Island home by using free energy. With the right solar panel installation, you could be enjoying all of the following benefits!
- Solar Panels Can Be Configured to Produce Excess Energy - Optional configuration to produce excess energy to sell back to PSEG.
- Solar PV Systems With Battery Can Make Use of Off-Peak Energy Rates - A solar PV system can be installed with a battery backup to capture any excess energy your solar panels produce and allow you to use it whenever the sun's energy isn't sufficient to charge the panels. Lets you store energy during cheaper periods (at night) and use it during peak hours of the day.
- PSEG Long Island is transitioning to Net Meters with Smart Meter technology - Customers with time-of-use rates will be able to read meters remotely and measure usage at different times of the day.
- The Solar Tax Credit - offsets the cost of solar panel installation for Long Island homeowners. The IRS calls this the investment tax credit, or ITC. The credit is equal to 30% of the total cost of solar energy system installation.