A New Tax Credit for Solar Heating in New York
Heating your home during the winter contributes significantly to your yearly electricity bill. With solar heating in New York, you could save during the winter and enjoy benefits throughout the rest of the year. New York Power Solutions can install a solar panel system that saves you money, with less reliance on the grid. With an electric heat pump, solar panels, and a battery system, your home could become more efficient than ever before.
Heat Pumps are a more Energy Efficient Way to Keep Your Home Comfortable
If you want a cleaner and more efficient way to heat your home, electric heat pumps are ideal. Despite the name being somewhat misleading, a heat pump can both cool and heat your home. When operating in reverse, a heat pump will work just like a traditional air conditioner.
- A heat pump has both heat and cool settings.
- You can choose your installation, with mini-spits for rooms and zones, or a fully ducted system.
- The system will run on electricity.
- Energy efficiency is higher than traditional air conditioners, electric heating, furnaces, and boilers.
You can run a heat pump using solar power in New York, effectively giving you solar heating in New York.
How Big Does a New York Solar Installation Need to Be?
As few as 7 solar panels can provide enough electricity to power an electric heat pump. The average home has between 16 and 20 solar panels with a new installation.
If you add a battery energy storage system, the whole thing will become much more efficient. Get batteries with your New York solar installation and you could power your heat pump even in the evenings when solar panels shut down.
New York Power Solutions will evaluate your use case to determine how many solar panels are needed. We’ll look at previous electricity bills and predict future usage. Before you commit to a New York solar installation, we’ll give you a detailed cost/benefit analysis so that you can see the savings over the years.
When things are done right, solar power in New York can pay for itself through savings. Even if you import some electricity from the grid, the excess that you export during the day will offset your bills.
There’s Government assistance in New York
The government is helping in several ways to ensure that you can have affordable solar heating in New York.
The Inflation Reduction Act of 2022 guarantees a federal solar tax credit of 30% on the cost of a new solar installation. There’s also a New York State tax credit, and incentives that come off the top of your bill.
If you want to add a heat pump to make your home more efficient in the winter, here’s also help for that. President Biden spoke recently about the benefits of solar with heat pumps. From January 01, 2023, you will be able to claim a $2,000 federal tax credit for a new electric heat pump installation.
Some families that fall below the local median income will be eligible for much higher discounts. These will be made available under the High-Efficiency Electric Home Rebate Act, with funding available for ten years beginning in 2023.
It Starts with Solar from New York Power Solutions
Solar power in New York is key to a more affordable and more efficient home. You can get a free estimate for your New York solar installation today. Ballpark estimates are based on satellite data. We will follow up with a site assessment to determine if your home is ready for solar. We’ll also provide a cost/benefit analysis so that you can see the true value of going clean and green.
Solar heating in New York is only possible with solar panels on your rooftop. Make the most important investment for your future with New York Power Solutions.