This Built Well Solar installation in Northport was the 750th LIPA Solar Pioneer home on Long Island. At the ceremony LIPA held to celebrate the installation, Linda and Stan Fostek said, “Installing our solar electric system was very empowering. We felt that we had taken some control back on our energy costs and at the same time we were also contributing to the community by reducing some of the strain on the power grid. We’re both very excited to be part of the Solar Pioneer group.”
Solar For Homes More and more Long Islanders are making the switch to solar energy. What are you waiting for?
Consider the pace of solar installations through LIPA's (now PSEG-LI's) Solar Pioneer/Entrepreneur Program: PSEG-LI has provided financial incentives for the installation of over 8,000 solar roofs on Long Island through its customer-sided residential and commercial solar system programs as of year-end 2013.
PSEG-LI has provided "over $122 million for rooftop solar systems that are expected to produce 46,000,000 kilowatt hours (kWhs) per year for the next 20 years. This is the equivalent to removing almost 4,000 cars off the road and 2,429,937 gallons of gas consumed per year."
About Residential Installations
Growth of solar installations on Long Island In 2001, Built Well Solar installed the very first 10 kilowatt solar energy system on a home in Bellmore. Five years later, on October 5, 2006, LIPA held a dedication ceremony in celebration of its 750th residential PV system on Long Island, the home of Linda and Stan Fostek in Northport, also completed as it so happened by Built Well Solar.
At the time of the Fosteks' installation, LIPA reported that it had provided approximately $20 million dollars for solar installations on Long Island. Since then, hundreds of millions had been distributed by LIPA/PSEG-LI for solar installations to jumpstart the industry in its infancy and beyond.
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.
Another Built Well Solar residential photovoltaic installation. See our "gallery" for more images!
More affordable & cost-saving than ever...panel cost reductions in recent years ...federal tax credits...state tax credits.... Call us to find out more!
Built Well Solar Makes It Easy
Built Well Solar has completed hundreds residential solar installations across Long Island since it began operations in 2001. Built Well Solar's knowledgeable, experienced on-staff solar-electric (photovoltaic) system experts take care of every aspect of your residential solar installation. From its first steps in evaluating your electricity usage and determining the right size and capacity system for your home to next steps in providing quality design and installation services, and ensuring the system is up and running optimally, Built Well Solar walks you through every step of the process.
The complete turnkey operation includes review and processing of all LIPA (now PSEG-LI) rebate application paperwork and other procedures involved in utility interconnection and as well as all inspection approvals. For more information and to have your home evaluated for solar, call (516) 695-1000, ext. 1, ore-mail us at firstname.lastname@example.org. 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 PSEG-LI at the end of the year!
Financial Incentives for Residential Solar
A true 30% Federal Tax Credit: A whopping 30% federal tax credit is offered for residential installations! In 2016, Congress just extended the credit for another three years through year-end 2019!! (And, that will be followed by a 2-year phase down to 26% through 2020 and 22% through 2021, after which it will expire.) As before, the ITC is ONLY available to homeowners who purchase PV systems, not to those who lease.
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.
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.
No Increase in Real Estate Taxes: 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. Both Nassau and Suffolk counties also offer an exemption. See New York State's Real Property Tax Law.
Higher Resale Value -- A home with solar-electricity is valued at more than the same home without it. According to a New York Times article and several independent studies, homes with solar benefit from higher appreciation than those without it. This only makes sense, since a home with low or no electric bills is appealing to homebuyers! As us for more information!
Contact Us If you have any questions and want to learn more about solar energy, 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-mailat email@example.com