So how much will a solar hot water system cost you after all of the tax credits and rebates are added up? Below we’ve estimated the cost of a typical household solar hot water system. As you’ll see, the initial sticker-shock will fade away after factoring in the all of the savings available to you as a home or business owner in Nassau County.
The information below was prepared for general informational purposes only and, therefore, individuals may wish to consult an attorney, accountant, or other professional for advice specific to individual circumstances. See the disclaimer below.
Solar Water Heater
| |
Residential system including contractor installation |
$9,000 |
| |
New York State's Solar Tax 25% Credit (Capped at $5,000) |
2,250 |
| |
Net Cost to Customer: |
6,750 |
| |
Federal Solar Tax 30% Credit (Capped at $2,000) |
2,000 |
| |
Net Cost to Customer |
4,750 |
| |
National Grid customer Solar Thermal Rebate (15% capped at $1,500) |
1,350 |
| |
Final Estimated Net Cost to Customer: |
$3,400 |
Disclaimer: The information above was prepared for general informational purposes only, may not include current developments in the law, and does not constitute the provision of legal advice or tax advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers who are fully aware of the facts specific to your situation. None of the tax information on this website is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. Click here for additional disclaimers. |
 
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