New York shines brighter with solar

Solar panels on apartment buildings are possible, depending on roof access, building rules, and electricity distribution. Options include rooftop solar with individual metering, community solar, or building-owned systems. Contact your building owner/HOA and a solar installer to explore options and local incentives.

Yes, there are several green energy incentives available to New York landlords, particularly for installing solar energy systems on their properties. These incentives can vary depending on the building type (e.g., multifamily, commercial), system size, and location within the state. Here are some key programs and incentives to consider:

• NY-Sun Program: This comprehensive state-sponsored program offers financial incentives for solar projects, including those on multifamily buildings. Specific incentives are designed for affordable housing projects.
• Federal Investment Tax Credit (ITC): Landlords who own the solar energy system can claim the 30% federal tax credit, significantly reducing the upfront cost of the investment.
• Property Tax Abatement: Some localities in New York offer property tax abatements for solar installations, reducing or eliminating any increase in property taxes due to the added value of the solar system.
• Sales Tax Exemption: Solar energy systems are generally exempt from sales tax in New York.
• Net Metering: Net metering allows landlords to receive credits for excess solar energy sent back to the grid, offsetting their electricity costs for common areas or tenant usage.
• PACE (Property Assessed Clean Energy) financing: PACE programs can provide low-cost, long-term financing for energy efficiency and renewable energy upgrades, including solar installations, for commercial and multifamily properties.

Venture Home’s service area includes New York City. We offer solar panel installations throughout the five boroughs (Manhattan, Brooklyn, Queens, The Bronx, and Staten Island). If you are a homeowner or business owner in NYC, you can contact us directly to get a personalized consultation and quote for a solar installation. Our team can assess your property’s solar potential and guide you through the entire process, from system design and permitting to installation and interconnection. We can also help you navigate any available incentives and financing options specific to New York City.

Yes, Venture Home understands the intricacies of solar permitting in New York City. Our experienced team will manage the entire permitting process for you, navigating the requirements of the Department of Buildings and Con Edison (or your local utility) to ensure a smooth and hassle-free experience. We’ll handle the paperwork and inspections so you can focus on enjoying the benefits of clean, affordable solar energy.