Solar Incentives and Financing

A look at what solar incentives and financing could look like for you.
Capital Region Welcome Center and Solar Array by Kasselman Solar
Ground Array at the Capital Region Welcome Center

What Incentives and Tax Credits are Available?

New York State Energy Research and Development Authority (NYSERDA) Incentive:

This incentive differs from other incentives in that it works in a block grant format. The incentive rewards early movers in installing solar by rewarding them with more money by the wattage of their solar system.

State Tax Credit: 

The state tax credit (which can be claimed in addition to the federal tax credit) provides an additional 25% tax credit for New York state taxes. However this incentive caps at $5,000. 

Financing Options for Your Solar Project:
At Kasselman Solar, we understand the importance of making solar energy accessible and affordable. That’s why we have partnered with reliable financing institutions to help you invest in a cleaner energy future.
 

EastRise Credit Union:

Power your home and improve your savings with affordable solar through EastRise Credit Union. Whether it’s your primary residence, vacation getaway, or second home, you can take control of rising energy costs with financing designed to make renewable energy accessible. Borrow up to $90,000 with fixed rates and no prepayment penalty and even cover up to 15% of your loan for essential upgrades like electrical work, roof repairs, or tree removal. WIth no minimum credit score, flexible re-amoritization options, and a quick, easy online application, going solar has never been more within reach. Visit the EastRise Credit Union to explore your options and get started today.
 

First NY Federal Credit Union:

We also work with the First NY Federal Credit Union for customers in the Greater Capital District and surrounding areas. They offer solar loans tailored to the specific needs of your home or business! Learn more about First NY Federal Credit Union’s solar financing options and determine your eligibility here!
NYSERDA:
Additionally, NYSERDA offers financing options with a variety of competitive interest rates ranging from as low as 3.99% to as high as 7.49%. These financing options are designed to make going solar more affordable for New York State residents. Learn more about NYSERDA’s solar financing options and determine your eligibility here!
 
By taking advantage of these financing options, you can invest in solar energy for your home or business, knowing you have the support of trusted, financial partners! Interested in going solar? Or want to learn more about various incentives and financing options? Get in touch today!
Reach out to Kasselman Solar now and see how we can get you started on a path to a brighter future! 

Latest Blog Posts

Stay in Touch!