Showing posts with label solar empowerment zones. Show all posts
Showing posts with label solar empowerment zones. Show all posts

Dec 7, 2013

NYC Solar Empowerment Zones & Tax Abatements

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Conservative group  the American Legislative Exchange Council (ALEC) is specifically targeting homeowners. Conservative politicians want to TAX and Penalize homeowners who install their own solar panels – calling them as “freeriders”  Fortunately they are not in New York City, New York.

NYC Goal of Reducing Carbon Emissions by 30% by 2030

New York City and Sustainable CUNY have created three Solar Empowerment Zones, strategically selected areas where solar power systems are most beneficial and technically viable, and where development of solar power will be encouraged. Solar power is a reliable, renewable source of electricity for New York City that reduces demand on the City's electrical grid. 

 New York City has over 1.6 billion square feet of rooftops. 

The three Solar Empowerment Zones - on the East Shore of Staten Island, in Downtown Brooklyn, and in Brooklyn's Greenpoint-Gateway section-were designed to reduce peak electricity demand and the associated pollution from dirty plants that operate when demand is at its highest, while also potentially deferring or eliminating the need for costly upgrades to the electrical system. 

Solar Panel Tax Abatements & Installations
  
Record Number of New Yorkers Have Applied for Solar Panel Abatements in 2010. To encourage the use of sustainable technology, the City offers property tax abatements to property owners that install solar panels on their building's rooftops. 

This year, property owners will receive a property tax abatement of 35% of the eligible expenditures over four years with a maximum abatement of $62,500 per year for four years or the building's annual tax liability, whichever is less.

Under the solar panel tax abatement program, solar panels have been installed at 25 buildings across the City, five times the number of systems approved and installed last year. Savings from these installations vary on the size and type of the building.  A single-family house can save approximately $2,600 a year on energy costs.  Property owners can also receive rebates from their utility company

Building owners interested in learning more about the City's sustainable initiatives can visit www.nyc.gov for more information.


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