This Built Well Solar installation in Northport is the 750th LIPA Solar Pioneer home on Long Island.
Solar For Homes
Within
about five years, we have gone from less than a handful of
solar-electric installations on Long Island to more than1,800 today... add in businesses, and it's more than 3,000 roofs.
About Residential Installations
Growth of solar installations LIPA dedicated a residential PV system on
Long Island, the home of Linda and Stan Fostek in Northport, which was
completed by Built Well Solar Corp. At the time, LIPA reported that it had rebated approximately $20 million dollars for solar installations on Long Island. Since then, another $20 million has been distributed for solar installations, and genrous rebates continue to be offered through LIPA's solar program.
It's your installation As
solar becomes increasingly popular, at Built Well Solar we continue
look at each installation individually, installing each system the
right way, as if it were being installed on our own home.
Built Well Solar Makes It Easy Built Well Solar has completed numerous residential solar installations across Long Island. Their knowledgeable and experienced solar-electric (photovoltaic) system experts take care of every aspect of your residential solar installation from evaluating your electric needs and determining the right size and capacity system for your home to ensuring it is up and running safely and efficiently. They walk you through every step of the process, including the LIPA rebate application and other procedures involved in obtaining financial incentives. For more information and to have your home evaluated for solar, call (516) 695-1000, ext. 1, ore-mail us at info@builtwellsolar.com. Low Or No Electric Bills! Amazing but true, Built Well Solar’s residential solar customers on Long Island now have low or no electric bills – some even receive a payback from LIPA at the end of the year!
Financial Incentives for Residential Solar
LIPA Cash Rebates: Through its Solar Pioneer Program, the cost of a solar-electric (PV system) on your home is substantially reduced. Every year, individual homeowners each receive thousands of dollars provided by LIPA as a cash incentive to make the switch to solar electricity, a way to reduce the strain on Long Island's energy grid. Call us at 516-695-1000, ext. 1 to find out what the current rebate levels are today. For example, as of August 17, 2010, LIPA offered $1.75 per watt toward the installation of a residential system, or 50% of gross system cost, whichever is less.That is up to $17,500 cash back off the top for installation of a 10-kilowatt system.
NOTE: These rebates are subject to change as soon as tiers of rebate blocks are utilized. This 2010 program was fully subscribed. The 2011 program is to be announced. Check LIPA website - See LIPA PV Rebate Availability
A $5,000 State Tax Credit: A 25% tax credit is offered on home PV systems installed in New York State, capped at a maximum of $5,000.
A true 30% Federal Tax Credit: A 30% federal tax credit is offered for residential installations...the $2000 cap was removed under new legislation! Congress passed this enhancement ITC provision, and also extended the credit through 2016. Talk to your accountant or tax advisor.
No Sales Tax: The cost of a PV system is free of New York State sales tax, as well as Nassau or Suffolk county sales tax.
15-Year Real Estate Exemption: Also in New York State, any increase in assessed value of the residence due to the solar-electric system is exempt for 15 years from property tax. See New York State's Real Property Tax Law.
• Credits/Buybacks: Through net metering, the solar power your system collects runs your LIPA meter backwards when there is any excess, and you sell that energy production back to the LIPA grid in the form of a credit to your account each month. In many cases, this means a very low or no electric bill. At the end of each year, some homeowners even receive a buyback of hundreds of dollars.
Contact Us If you have any questions and want to learn more about residential solar installations, including how Built Well Solar will help you through every step in the process, call us at (516) 695-1000 or reach us by e-mail.
